Thursday, 30 July 2026

Woodside's total output fell 18% to 41.3 MMboe in the second quarter, according to World Oil. Gas production dropped 27% from a year earlier over the same period.

World Oil attributed the decline to a cyclone that disrupted operations and to planned maintenance at the company's Pluto export plant. Output slumped by more than a quarter in the three months through June on those two factors.

Pricing moved the other way. Average realized prices rose 44% in the period, World Oil reported.

The Scarborough project in Western Australia is 98% complete and on track for its first LNG in the fourth quarter. Woodside narrowed its full-year guidance to a range of 174 million to 185 MMboe.

US refiners ran 17 million barrels of crude a day last week, the fastest pace since 2019, according to Semafor Net Zero. Commercial crude stockpiles fell by 7.2 million barrels over the same week.

Semafor Net Zero reported that refiners raced to increase exports to Asia and Europe amid renewed energy disruptions in the Middle East. The export push explains the gap between the throughput rate and the inventory draw: barrels leaving the system as products are not returning to storage tanks.

A Kpler analyst told Semafor Net Zero that stockpiles are rapidly depleting and that "this pace of draws cannot persist ad infinitum".

The 17 million barrels a day figure is the operative constraint. Refining capacity sets a ceiling on how long a demand pull of this size can be met from domestic processing, and the 7.2 million barrel weekly drawdown measures how fast the buffer behind that ceiling is shrinking.

New research assesses whether five aviation fuels could reduce exposure to supply chain shocks, according to CleanTechnica.

CleanTechnica reported that tight jet fuel supplies, combined with growing demand for jet fuel, are intensifying interest in a fuel mix that extends beyond Jet A and A-1. Those two grades are the most widely used aviation fuels in the world, according to the outlet.

The research evaluates the potential of five aviation fuels to lessen supply chain shocks, CleanTechnica said.