Pipeline Disruption Slashes Ecuador Output by 133,000 bpd

Ecuador’s state oil company, Petroecuador, has declared force majeure on its operations after both major crude pipelines, SOTE and OCP, halted flows due to worsening erosion in the Amazonian province of Napo. The company suspended activities this week to prevent...

OPEC+ Surprises With Oversized Output Hike

OPEC+ will ramp up oil production more aggressively than anticipated in August, accelerating the rollback of its 2023 voluntary supply cuts in a bid to capture market share amid peak summer demand. At a virtual meeting Saturday, eight core members led by Saudi Arabia...

Starlink’s Role in U.S. Satellite Superiority

Donald Trump has launched a fresh attack on Elon Musk, declaring that Doge, Musk’s cost-cutting body, is “the monster” that “that might have to go back and eat Elon”. On Truth Social on Monday, he continued: “Elon may get more subsidy than any human being in history,...