Oilxa
Oil, gas & energy markets — daily intelligence
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OPEC+ Extends 2.2 Million bpd Voluntary Cuts Through End of 2026 in Bid to Defend Prices
Riyadh and Moscow led an OPEC+ decision to roll voluntary cuts of 2.2 million bpd into late 2026, signaling discipline as US shale and non-OPEC supply keep markets well stocked.
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Permian Basin Productivity Surge: Record Output Despite Falling Rig Count Stuns Analysts
West Texas operators are pumping more oil with fewer rigs than ever, as longer laterals, AI-driven completions, and consolidation push Permian output past 6.6 million bpd.
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Petrobras Crosses 2.5 Million bpd From Pre-Salt Fields, Cementing Brazil as Top-Five Producer
Brazil's pre-salt complex now delivers more than 2.5 million bpd, a milestone driven by Buzios, Mero, and Tupi that propels Petrobras into the upper tier of global oil suppliers.
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NEOM Green Hydrogen Plant Enters Commercial Production, World's Largest Comes Online in Saudi Arabia
The $8.4 billion NEOM Green Hydrogen joint venture has begun commercial output, shipping the first ammonia cargoes to Europe and reshaping the global clean fuels map.
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US to Overtake Qatar as World's Largest LNG Exporter in 2026 as Plaquemines Reaches Full Capacity
Venture Global's Plaquemines facility brings final trains online, pushing total US liquefaction capacity past 130 bcm and making America the undisputed leader in global gas trade.
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EV Demand Growth Slows; Refiners Lift 2026 Gasoline Outlook as Internal Combustion Proves Resilient
US and European refiners are revising gasoline demand forecasts upward as EV sales growth cools, hybrid adoption surges, and the legacy fleet ages more slowly than expected.
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Latin American Refining Reset: Dos Bocas Ramps Up and Cuba Pushes Refinery Revival
Mexico's Olmeca refinery at Dos Bocas is moving toward full capacity while Cuba seeks Russian and Chinese partners to revive Cienfuegos, signaling a downstream pivot in Latin America.
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Red Sea Tensions Drive Tanker Freight Costs Up 60% and Force Global Reroute Through Cape of Good Hope
Continued Houthi attacks and naval escalation in the Red Sea have lifted clean and dirty tanker rates by 60%, pushing crude and product flows around southern Africa and reshaping trade.
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Urals Discount Narrows as Asian Buyers Consolidate Around Sanctioned Russian Crude
Despite tightened Western sanctions, the Urals discount to Brent has narrowed sharply as Indian and Chinese refiners build long-term arrangements with Russian suppliers.
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EU Energy Transition Milestones: National Plans and Fit for 55 Targets Approach 2030 Crunch
European Union member states are submitting updated National Energy and Climate Plans as the Fit for 55 package enters its decisive implementation phase ahead of the 2030 deadline.
