Transportation

Two industry sources reported that the Caspian Pipeline Consortium (CPC) had a record oil loading of?7.187 millions metric tons (or about?1.83million barrels per day). This was due to a higher production at?Kazakhstan?s giant Tengiz?oilfield following temporary maintenance. The oil output of the Tengiz Field was reduced for several days by a malfunctioning power transformer at the end May. However, it was restored. Calculations showed that daily CPC Blend oil loads rose by 10% from April to May. In April, loadings totaled 6.314 millions tons or 1.67 million barrels per day. One source said that the CPC system saw a rise...

United States is now the largest oil exporter in the world, upending decades-old orders long dominated Saudi Arabia and Russia. This?shift tightens American firms' grip on global energy markets, as Washington's War with Iran reshapes international energy trade. The United States' rise to the top of the oil exporters list is a dramatic reversal. For decades, America was reliant on Middle Eastern oil and had to endure an oil embargo imposed in 1973 by some OPEC countries as a retaliation for U.S. support for?Israel. After 2010, the U.S. fortunes changed when the oil and gas production from its shale deposits...

PJM Interconnection, a U.S. grid operator, announced on Wednesday that the Federal Energy Regulatory Commission had approved the expedited interconnection process. This temporary process is designed to 'advance large projects of a significant size in order to meet the urgent demand for additional capacity resources. According to the Energy Information Administration (EIA), U.S. electricity consumption, which reached its second consecutive annual record in 2025, is expected to?rise even further in 2026 or 2027 due in part by AI-hungry data centers and electrification. The approval comes at a time when PJM, along with states?across the footprint of PJM, are seeking to...

These are the top stories from?the New York Times Business Pages. ? These stories have not been?verified? and we cannot vouch for the accuracy of these reports. Anthropic has released a public version its Mythos AI model. However, it will be restricted from being used in high-risk areas like cybersecurity. This is after an earlier preview this year caused a global stir with its ability to detect'software flaws. General Motors is releasing software that will allow some U.S. owners of electric vehicles to send power back to the grid. This is another example of auto companies seeking business opportunities in...

Alberta touts its abundance of cheap fossil fuels in order to entice companies to build data centers to support the AI boom. This would undermine Canada's plans to link data center expansion with clean energy development. Canada is the world’s?fifth largest producer of natural gases, with around 60% coming from?Alberta. The western province has a lot of fossil fuels, but also a cooler climate that can offset the costs of cooling data center infrastructure. All of this can make data center operations more cost-effective than in the United States where communities and legislators are pushing back. Tech companies may also...

The Houthis, who are aligned with Iran in Yemen, announced on Monday they would bar ships from the Red Sea that were linked to Israel after Israel re-launched its military strikes?on Iran. This has added to global concerns over shipping and energy flow. Here's why and what it means for the Iran war and global energy crisis. How big is the risk to global energy markets? Iran's closing of the Strait of Hormuz after?Israel attacked and the United States on February 28?has disrupted the majority of oil and energy exports out of the Gulf. This has caused a major energy...

Freeport LNG’s export -plant in Texas is on track to 'take in more natural...gas on Monday, after one of its three liquefaction trains?shut?down?"on Saturday. Freeport's liquefied gas export plant is closely watched by the global market because its shutdown and restart have caused huge price swings. Gas prices usually drop when Freeport closes. Gas prices typically drop when demand for fuel from Freeport's?plant decreases. When liquefaction trains restart at Freeport, U.S. prices of gas usually increase as demand increases. This, however, has not happened?sofar on Monday. Gas prices are down about 3% on Monday, but not because of Freeport. Freeport...

The?U.S. The?U.S. According to a FAA notice, the ground stop was from 9:53 pm to 11:15 pm PDT (0435 - 0615 GMT on Monday). The ban was lifted a little before the end. The airport didn't immediately respond to our request for a comment. According to the airport's website, more than 54 million passengers will travel through SFO by 2025. The airport is home to many airlines, including United Airlines. It also offers many international flights from and to Asia. The FAA announced in March that it would be imposing new safety restrictions on SFO. These would restrict?some landings, and...

According to the Texas grid operator, several large data centers and crypto-facilities planning to connect to the Texas power grid ahead of summer peak demand failed to pass 'key reliability tests. This increases the risk of power failures just as electricity usage reaches its seasonal high. Data centers are causing power grids to be stressed across the United States. Data centers, unlike traditional industrial customers who tend to draw electricity steadily, are designed to disconnect from the grid as soon as there is a problem to protect equipment and maintain services. This makes them a potentially unstable and unpredictable force...

Delfin Midstream announced on Wednesday that it had made a final investment decision for the first floating liquefied natural gas (FLNG). This project is being developed in Louisiana, and offshore in Gulf of Mexico. Delfin FLNG 1, the first floating LNG facility in the U.S., is the largest FLNG Project globally. It will have an export capacity of approximately 4.4 million tonnes per year. The company is working diligently to secure FIDs over the next year for the FLNG vessels 2 and 3. A pipeline explosion near Holly Beach in Louisiana, which was expected to provide gas for the facility,...

A record number of mostly gas-fired plants is expected to be?connected to the?U.S. Midwest grid will be able to meet the region's increasing electricity demand over the next five-year period, according survey results released on Wednesday by the regional grid operator. The Midwest is experiencing a surge in power demand due to the growth of data centers and the electrifications of buildings and transport. According to a survey conducted by the Midwest Independent System Operator (MISO) and Organization of MISO States, the growth of?the middle America region's load is expected to be between 3.1% and 5% over the next five...

On Wednesday, the?body overseeing Bosnia’s peace process will meet to select a new envoy. Schmidt, appointed in 2021, resigned?unexpectedly?in May from the Office of High Representative. This office monitors implementation of U.S.-backed Dayton peace accords that ended Bosnia’s war in 1995. Schmidt, who was appointed to the Office of the high Representative in 2021 and resigned unexpectedly in May, said he quit under "enormous" U.S. pressure. It is a difficult time for Bosnia as it remains deeply divided on ethnic lines. Washington has been a strong supporter of the country, but in its May report on Western Balkans, the U.S....

The DiXi Group, a think tank, predicts that Ukraine's energy system, which has been under constant Russian assault, will face power shortages in the summer months, and consumers may be affected by outages, despite the strong output of solar power plants and the imports. Russia has been attacking Ukraine's energy generation and transmission system throughout the war. This has caused severe damage to thermal power plants, forcing Kyiv to import more and to resort to massive power cuts for consumers. DiXi stated in a press release that, under moderate temperatures and with no further damage done to the energy grid,...

Three trading sources have confirmed that the Caspian Pipeline Consortium plans to export 1.7 million barrels of CPC Blend crude per day in June, compared with an initial estimate of 1.45 million barrels. They said that maintenance at Kazakhstan's Kashagan field was postponed, and production at Tengiz, the country's oilfield, has been restored following a technical problem in May, which resulted in the higher forecast. The initial June plan was revised upwards by 17%. According to calculations, the?May?loading plan was expected to reach a multi-month peak. Calculations show that the May loading plan would reach a multi-month high of 1.8...

On Thursday, President Vladimir Putin stated that Russia is ready to resume supplies of gas to 'Germany through the 'Nord Stream Pipeline which was heavily damaged by underwater explosions. Putin told reporters in St. Petersburg one of two lines of Nord Stream 2 was intact and could begin pumping gas "tomorrow." "I am not joking, just press the?button to start the gas flowing." "But for that, the German government must make a decision," he said. Putin did say that Nord Stream is under U.S. Sanctions and Germany would need to come up with an agreement in order to remove them....

A senior member from Germany's far right Alternative for 'Germany (AfD), met with one of Russian President Vladimir Putin’s top advisors, as well as the director of energy 'group Gazprom. He called for a reopening the Nord Stream Gas Pipeline. Markus Frohnmaier, the AfD's spokesperson for foreign policy, attends Putin's economic showpiece in St Petersburg despite warnings by Germany's Foreign Ministry, which stated that it "explicitly warned the AfD about these trips". Frohnmaier posted on social media that he met with Alexei Miller, CEO of Gazprom, and Kirill Dimitriev, Putin’s special envoy to invest and cooperate in the economy, on...

Caleb Orr, Assistant Secretary of State for the United States, said that a U.S.-Azerbaijan delegation signed 'commercial agreements' worth more than $8 billion and Washington will invest in Azerbaijan's energy sector. Orr said that the United States wanted to play a bigger role in Azerbaijan’s energy infrastructure projects. Orr responded to a query by saying, "We plan concrete investments in the?energy?sector." He said ExxonMobil was still an important partner for Azerbaijan, after signing a Memorandum of Understanding on new exploration possibilities at the Baku Energy Week?last year. Washington also supports Chevron's new exploration agreement signed during this year’s event. Orr...

As part of a contract, BP, the British energy'major' said that it is 'on track to... hand over?the _running of _the Baku-Tbilisi - Ceyhan (BTC ) oil pipeline. to Azerbaijani SOCAR on July 1. The pipeline, which has been in operation since 2006, is capable of moving more than 1 million barrels per day. The pipeline is designed to transport oil from the Caspian Sea, through Iran and Russia's Caucasus, to the Mediterranean. Giovanni Cristofoli is BP's regional 'president' for Azerbaijan and Georgia, as well as Turkey. He announced the transfer via a press release, stressing it wasn't about BP...

Sources in shipping and trade said that freight rates for tanker shipments from Russia's western port to India dropped in mid-May because of seasonal factors, a large supply?of shadow flotte vessels and global shifts in shipping. The blockade of Strait of Hormuz is still in place. Meanwhile, the shift of tankers to the Atlantic has a negative impact on the rates in Europe as ships who previously worked in the Gulf relocate. Lower freight rates support higher netbacks of Russian?oil imports. Estimates suggest that the latest reduction in freight rates could boost?Urals price by $3 to $7 per barrel on...

China has increased its purchases of Russian gas and oil since the beginning of the conflict in Ukraine 2022. Moscow and Beijing declared a partnership with "no limitations" just days before war broke out. Energy relations between Russia and China are expected to be a major topic at the meeting of Vladimir Putin with Xi Jinping in Beijing, on Wednesday. Here are some facts about energy ties between the two countries. Gazprom, the Russian energy giant, supplies natural gas to China through a pipeline of 3,000 km (1,865 miles) called Power of Siberia, under a $400 billion, 30-year deal signed...

In recent months, Ukraine has intensified its attacks on Russian energy installations as the peace talks have not produced any progress. Here is a brief summary of some of the recent attacks that followed Russian strikes against Ukrainian energy facilities and their impact. MOSCOW Sergei Sobyanin, the mayor of Moscow, said on Sunday that twelve people had been injured, mainly near the entrance to Moscow’s oil refinery. Three houses also suffered damage. He said that the "technology" at the refinery had not been damaged. Moscow's refinery is located in the Kapotnya district of the capital, in its southeastern part. It...

Three sources familiar with the plan say that Russia will increase 'ESPO Blend oil' loadings at its Far East Kozmino Port to 4.3 million metric tonne a month in May from 4.1 million metric tonne a month earlier. Calculations showed that ESPO loadings at Kozmino would increase by 1.5% per day in May compared with April. The planned amount is equal to 1,04?million barley per day. Since last summer, oil exports from Kozmino?have been increasing, and now stand at?around 1?million barrels per day, due to the increased capacity of the port and pipeline system, traders reported. Transneft, the operator of...

The lifting of?some customs sanctions on Armenia by the Turkish government on Wednesday is a sign that the strained ties between the two nations are finally being normalised. The Turkish government closed its border with Azerbaijan and stopped direct trade in 1993 to support its close ally Azerbaijan during the Nagorno Karabakh conflict between Armenia and Azerbaijan. Since then, the neighbours have not had formal diplomatic relations due to a deep-seated historical 'hostility' stemming from World War One and the Ottomans' mass killing of Armenians. This was considered genocide in Armenia and many other countries. In a statement released on...

The LNG tanker Merkuriy - which'recently joined Russia's fleet of gas carriers - has loaded a 'cargo from a float storage facility?used for transshipping gas from the Arctic LNG 2 Project, which is subject to U.S. sanctions - according to LSEG data. According to LSEG the Merkuriy loaded?cargo on the Saam facility in the Arctic port of Murmansk, near the 9th May and headed west. In recent months, Russia has added four LNG carriers to its fleet: Orion, Luch and Merkuriy. All four were built between 2005 and 2006, then transferred to new owners. They have been re-flagged as Russian...