Oil

The U.S. has issued multiple permits for cross-border oil pipelines with Canada, including approval for new Bakken Pipeline facilities in North Dakota and continued operations for Enbridge systems.

Kazakhstan increased oil exports in Q1, with shipments to Germany rising sharply alongside higher volumes on CPC and BTC pipelines. The gains highlight steady growth in Caspian export flows to Europe.

Ukraine expects the Druzhba oil pipeline to resume operations by the end of April following recent disruptions, President Volodymyr Zelenskiy said. The outage has affected regional crude flows and contributed to tensions between Ukraine and Hungary over EU financial support.

Saudi Arabia has restored full 7 million bpd capacity on its East-West crude pipeline following attack-related disruptions during the Iran conflict. The pipeline, a key export route bypassing the Strait of Hormuz, resumed operations after damage temporarily reduced throughput and oil production capacity.

Chevron and Shell are expected to sign new agreements in Venezuela covering offshore gas and heavy crude assets, including the Loran gas field and Orinoco Belt projects. The deals could expand foreign participation in Venezuela’s energy sector and support regional gas and crude development.

Venezuela’s delay in releasing new oil contract terms is slowing investment decisions, as companies await clarity on production-sharing agreements and tax rules.

Rising tensions in the Strait of Hormuz are disrupting global energy flows, prompting Japan to release emergency oil reserves as supply risks escalate.

Attacks on Saudi energy infrastructure have cut oil output and reduced flows through the East-West pipeline, raising concerns about supply disruptions and global market stability.

Tanker demand is surging as the Strait of Hormuz prepares to reopen following a U.S.-Iran ceasefire, with shipping rates spiking and Middle East crude flows to Asia set to resume amid lingering risks.

Venezuela’s refineries are operating at just 31% of capacity as outages and maintenance issues continue to limit PDVSA’s fuel production.

Iraq has approved a targeted bidding process for its $4.6 billion Basra–Haditha oil pipeline, a key project aimed at expanding export routes beyond the Strait of Hormuz.

Iran has struck Saudi Arabia’s key East-West oil pipeline just hours after a ceasefire, raising new concerns over global crude supply flows.

A roundup of damaged energy facilities and halted shipping routes shows the growing scale of disruptions across the Gulf.

Summit’s proposed Midwest CO₂ pipeline is shifting from carbon storage to enhanced oil recovery, signaling a major change in project strategy and market alignment.

Bridger Pipeline’s proposed Canada-to-Wyoming crude line could cost nearly $2 billion and transport more than 1.13 million barrels per day, expanding takeaway capacity.