News & Insights
Latest updates from global commodity markets
Rigzone
Woodside's Browse Gas Project Declared State Priority
The Western Australian government granted the Browse to North West Shelf Project, which would connect three offshore fields to the existing Karratha plant, a State Significant Project status, operator Woodside said.
Jul 27, 2026
Financial Post
About $400 billion in natural gas lies off Newfoundland’s coast. Can Canada tap it?
Newfoundland wants to launch a new LNG industry on the east coast, but faces major commercial and technical hurdles. Find out more.
Jul 27, 2026
OilPrice.com
Red Sea Tanker Traffic Falls to Multi-Month Low After Houthi Threats
Tanker traffic through the Bab el-Mandeb Strait slumped to a multi-month low on Sunday amid Houthi attacks on Saudi oil infrastructure on the Red Sea coast. Only 11 tankers carrying commodities transited the Bab el-Mandeb chokepoint between the Red Sea and th…
Jul 27, 2026
Rigzone
Brent, WTI Oil Prices Both Down Over 5 Percent
'The immediate decline reflects a reduction in the geopolitical premium', Naeem Aslam, CIO at Zaye Capital Markets, said.
Jul 27, 2026
Rigzone
Kuwait Agrees $16B Pipeline Leaseback with Blackstone, Brookfield, KKR
Kuwait Petroleum signed a record $16-billion partnership agreement allowing three major North American investors to own minority stakes in its entire domestic and export pipeline network.
Jul 27, 2026
OilPrice.com
European Natural Gas Prices Plunge 8% as U.S.-Iran Tensions Ease
European natural gas prices plunged by 8.6% at the open in Amsterdam on Monday as the United States paused strikes on Iran over the weekend and Tehran signaled a halt to retaliatory attacks across the Middle East. Hopes of de-escalation sank oil prices on Mon…
Jul 27, 2026
OilPrice.com
Japan Eyes Foreign Banks to Back $33 Billion U.S. Natural Gas Investment
The Japanese government may approach foreign banks to help finance pledged investments in U.S. natural gas production that are part of Tokyo’s trade deal with the Trump administration, agreed last year. “If financing from foreign banks materialises, it should…
Jul 27, 2026
Financial Post
First US LNG Shipment to China in a Year to Be Re-Exported
The first US liquefied natural gas shipment to China in more than a year will be re-exported, as the local companies involved look to tap higher profits overseas and avoid paying tariffs, according to people with knowledge of the matter.
Jul 27, 2026
OilPrice.com
China’s Crude Oil Imports Surge
China is likely to have increased its crude oil imports this month, with the daily average at 7.8 million barrels, according to calculations by Kpler, as cited by Bloomberg. Refiners have been buying more Russian crude and have seen more tankers arrive from t…
Jul 27, 2026
Financial Post
Australian Fuel Prices Jump Most Since March as Iran Truce Wilts
Australian gasoline prices jumped last week by the most since the height of the US-Iran war following the collapse of a ceasefire between Washington and Tehran, suggesting persistent inflationary pressures ahead.
Jul 27, 2026
Financial Post
Coal India’s Profit May Dip as Iran War Lifts Mining Costs
State-run miner Coal India Ltd.’s first-quarter profit likely declined marginally from a year earlier, led by costlier raw materials, such as explosives and diesel following the Middle East war.
Jul 27, 2026
Financial Post
China’s Pork Market Recovery Struggles to Overcome Tepid Demand
The Chinese government’s campaign to lift pork prices is finally gaining traction. But the rally is running into a familiar obstacle: consumers still aren’t buying enough.
Jul 27, 2026