Oilxa
Oil, gas & energy markets — daily intelligence
OPEC+ Extends 2.2 Million bpd Voluntary Cuts Through End-2026: What It Means for T&T
OPEC+ keeps voluntary cuts of 2.2 million bpd through 2026, supporting Brent above US$78 and offering Heritage Petroleum and Atlantic LNG a friendlier pricing backdrop.
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Permian Basin Pumps Record 6.5 Million bpd Despite Rig Count Falling Below 300
The US Permian Basin posts record output of 6.5 million bpd with fewer than 300 rigs, reshaping Atlantic flows and putting pressure on Trinidad's heavier crude blends.
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Petrobras Hits 2.5 Million bpd from Pre-Salt: A Wake-Up Call for Caribbean Producers
Brazil's Petrobras now pumps over 2.5 million bpd from pre-salt fields, reshaping South Atlantic flows and challenging Trinidad's deepwater ambitions in Calypso and Manatee.
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NEOM Green Hydrogen Project Enters Commercial Phase: Implications for Trinidad Ammonia
Saudi Arabia's NEOM green hydrogen plant begins commercial production at 600 tonnes per day, putting pressure on Trinidad's grey ammonia exports from Point Lisas.
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US LNG to Overtake Qatar in 2026 as Plaquemines Ramps Up: Atlantic LNG Feels the Squeeze
The United States is set to surpass Qatar as the world's largest LNG exporter in 2026 with Plaquemines fully online, squeezing Atlantic LNG's market share in Europe and Asia.
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EV Slowdown Lifts 2026 Gasoline Outlook: Caribbean Refiners and Marketers Take Note
Refiners revise gasoline demand higher for 2026 as EV growth slows in the US and Europe, with implications for Paria Fuel Trading and Caribbean fuel imports.
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Latin American Refinery Expansion: Dos Bocas and Cuba Reshape Caribbean Fuel Trade
Mexico's Dos Bocas and Cuban refinery upgrades add 400,000 bpd to Caribbean refining capacity, reshaping fuel trade flows that touch Trinidad and Paria Fuel Trading.
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Red Sea Tensions Push Tanker Freight Up 60%: Caribbean Becomes a Pivot Point
Houthi attacks in the Red Sea push tanker freight rates up 60% and reroute global oil flows around the Cape of Good Hope, giving the Caribbean a renewed pivot role.
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Urals Discount Narrows as Asian Buyers Consolidate: Caribbean Watches Sanctions Spillover
The Urals discount to Brent narrows below US$15 as India and China consolidate purchases of sanctioned Russian crude, with Caribbean traders watching compliance risks closely.
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EU Fit for 55 and PNIEC: 2030 Milestones Reshape Demand for Trinidad LNG and Petrochemicals
The EU's Fit for 55 package and national PNIEC plans target 55% emissions cuts by 2030, reshaping demand for Trinidad LNG and Point Lisas petrochemicals exports.
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