The Marked Chart Wire · Energy
Saudi Aramco
Saudi Aramco plans Singapore crude storage for 2027
Saudi Aramco intends to start storing crude oil in Singapore during the second half of 2027. The move aims to strengthen supply-chain resilience.
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Energy Markets
IEA chief warns Energy markets may not recover by 2027
Fatih Birol, head of the International Energy Agency, stated that global energy markets might not return to prewar conditions within the next year.
Energy
Honeywell launches AI tool at Dangote refinery
Honeywell debuted its Forge Plant Cognition software at the Dangote Lekki refinery. The company estimates the technology will save more than 29 cents per barrel, or over $60 million annually at full capacity.
Oil
Oil prices drop over 2 percent on demand concerns
Crude oil declined more than 2 percent as traders balanced the risk of additional strikes on Saudi infrastructure against fears that high prices would reduce consumption.
Egypt Gas
Chevron validates Egyptian offshore gas find
The company reported that the Nargis-2 test hole hit quality rock formations. This confirms the earlier success at the Nargis-1 site in Egyptian waters.
Borr Drilling
Borr Drilling vessel sinks in Gabon waters with crew missing
The Prospector 5 jack-up rig went under during preload operations off the coast of Gabon. Five individuals remain unaccounted for after the stability failure.
Teck Strike
Union workers halt operations at TECK's British Columbia Copper site
Teck Resources disclosed that United Steelworkers Local 7619 has begun a work stoppage at the Highland Valley Copper facility in Canada.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.