Oil Daily | Saudi-Indonesia $27B Oil Investment Deals Aim to Boost Output Amid Global Strategic Shifts
Generado por agente de IAAinvest Market Brief
jueves, 3 de julio de 2025, 8:01 am ET1 min de lectura
ET--
【Latest Oil Policies】
Shandong, China's refining hub, raised tax rebates for six independent refiners to alleviate pressure on margins and stimulate economic activity. The rebates for gasoline and diesel from imported fuel oil sales increased by 25 percentage points, expected to support struggling refiners and boost Shandong's industrial activity.
The Trump Administration rescinded licensing requirements for U.S. ethane exports to China, restoring trade disrupted by the tariff row. The U.S. Commerce Department's decision allows Energy TransferET-- and Enterprise Products Partners to continue exports. China accounts for 47% of U.S. ethane exports, influencing EIA's forecasts.
Saudi Arabia and Indonesia signed preliminary agreements worth $27 billion for investments in oil, petrochemicals, and alternative energy. The deals aim to boost Indonesia's oil production and secure long-term demand for Saudi oil. Indonesia seeks to increase output to counter declining production.
India plans to expand strategic petroleum reserves, considering three new sites for increased storage capacity. With 85% of its crude imported, India aims to raise its reserves to 90 days' worth of consumption, aligning with IEA requirements. Feasibility studies are underway for new storage locations.
【Industry News】
The Dallas Fed Energy Survey reported contraction in U.S. oil and gas activity in Q2 2025, citing declining production, service margins, and growing uncertainty. The survey's business activity index fell, reflecting caution amid falling prices, rising costs, and regulatory challenges.
French nuclear fuel giant Orano's uranium mining subsidiary in Niger faces bankruptcy due to stalled negotiations and border equipment blockages. This raises concerns over nuclear fuel supply chains. Niger's post-coup political shift threatens Western supply chains, with France particularly exposed.
Norwegian energy major EquinorEQNR-- exited a third Australian offshore wind project, impacting federal offshore wind industry plans. Equinor's partner Nexsphere pursues the project alone, citing increased costs and regulatory challenges as significant industry hurdles.
【Company News】
ExxonMobil, ChevronCVX--, TotalEnergiesTTE--, and Eni are competing in Libya's first oil bid round in 18 years. Libya seeks contracts by year-end for exploration and production sharing agreements. The country aims to boost oil production to 2 million bpd, contingent on sufficient funding.
【Others】
Russia's natural gas exports to Europe dropped in H1 2025 due to halted Ukraine flows and buyers avoiding Russian LNG. Pipeline gas supply slumped, with Nord Stream and Ukraine routes stopped. TurkStream deliveries fluctuated, while LNG exports fell with new EU restrictions.
Shandong, China's refining hub, raised tax rebates for six independent refiners to alleviate pressure on margins and stimulate economic activity. The rebates for gasoline and diesel from imported fuel oil sales increased by 25 percentage points, expected to support struggling refiners and boost Shandong's industrial activity.
The Trump Administration rescinded licensing requirements for U.S. ethane exports to China, restoring trade disrupted by the tariff row. The U.S. Commerce Department's decision allows Energy TransferET-- and Enterprise Products Partners to continue exports. China accounts for 47% of U.S. ethane exports, influencing EIA's forecasts.
Saudi Arabia and Indonesia signed preliminary agreements worth $27 billion for investments in oil, petrochemicals, and alternative energy. The deals aim to boost Indonesia's oil production and secure long-term demand for Saudi oil. Indonesia seeks to increase output to counter declining production.
India plans to expand strategic petroleum reserves, considering three new sites for increased storage capacity. With 85% of its crude imported, India aims to raise its reserves to 90 days' worth of consumption, aligning with IEA requirements. Feasibility studies are underway for new storage locations.
【Industry News】
The Dallas Fed Energy Survey reported contraction in U.S. oil and gas activity in Q2 2025, citing declining production, service margins, and growing uncertainty. The survey's business activity index fell, reflecting caution amid falling prices, rising costs, and regulatory challenges.
French nuclear fuel giant Orano's uranium mining subsidiary in Niger faces bankruptcy due to stalled negotiations and border equipment blockages. This raises concerns over nuclear fuel supply chains. Niger's post-coup political shift threatens Western supply chains, with France particularly exposed.
Norwegian energy major EquinorEQNR-- exited a third Australian offshore wind project, impacting federal offshore wind industry plans. Equinor's partner Nexsphere pursues the project alone, citing increased costs and regulatory challenges as significant industry hurdles.
【Company News】
ExxonMobil, ChevronCVX--, TotalEnergiesTTE--, and Eni are competing in Libya's first oil bid round in 18 years. Libya seeks contracts by year-end for exploration and production sharing agreements. The country aims to boost oil production to 2 million bpd, contingent on sufficient funding.
【Others】
Russia's natural gas exports to Europe dropped in H1 2025 due to halted Ukraine flows and buyers avoiding Russian LNG. Pipeline gas supply slumped, with Nord Stream and Ukraine routes stopped. TurkStream deliveries fluctuated, while LNG exports fell with new EU restrictions.
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