The latest oil and gas news from around the world.
Updated: 13 min 33 sec ago
How Much Additional Diesel Could Reach the Market?
How much additional diesel could reach the market, and what would that mean for prices?
Lewis to Remain Uniper CEO for 5 More Years
The early reappointment 'provides continuity of leadership during a critical phase of strategic execution', the German power and gas utility said.
Citgo Raises Profit Outlook by $2B
Citgo Petroleum Corp has raised its 2026 operating profit outlook by $2 billion because of surging fuel margins, according to a document seen by Bloomberg News.
Petronas, Petrovietnam Expand Partnership across Energy Value Chain
Malaysia and Vietnam's national oil and gas companies agreed to explore more joint projects in the upstream and downstream sectors, as well as the energy transition.
Why Is the WTI Oil Price Rising More than Brent Intraday?
Why is the West Texas Intermediate oil price rising more than Brent today?
Eni Nears Production at Meleiha Phase 2 in Egypt
The Italian company launched start-up procedures at Meleiha phase 2, designed to process up to 100 million cubic feet of natural gas per day, on Egypt's side of the Sahara Desert.
Ithaca Energy Looking for New CEO
'The board has commenced a process to identify a successor', Ithaca Energy announced.
EU Policy Draft Softens Language on Arctic Drilling
The wording has been a topic of intense discussions between the trade bloc and Norway, which has lobbied hard for the EU to abandon its climate-based opposition to oil and gas exploration in the high north.
Oil Prices Hover Near Five-Month High
Brent remained near $110 as technical resistance limited gains despite escalating geopolitical risks.
Iran's Main Oil Terminals Remain Empty
Iran's main oil-loading terminals have remained empty for weeks.
North America Breaks Rig Count Addition Streak, BH Shows
North America dropped five rigs week on week, according to Baker Hughes' latest North America rotary rig count.
Philippines, USA Looking to Expand Cooperation on Energy Security
The Philippines and the U.S. are exploring an expansion of collaboration on energy security, according to Manila's energy department.
EIA Sees Smaller Oil Crunch in 2026
The U.S. Energy Information Administration tightened its oil crunch prediction for 2026 in its latest short term energy outlook.
Trump Says Diesel Deal Aims to Keep Russia Talks Going
President Donald Trump said he cut a diesel export deal with Russia and delayed imposing further sanctions because he doesn't want to drive Vladimir Putin away from peace talks.
Venezuela Sees Nearly $76B Oil Investment Over 5 Years
Venezuela expects almost $76 billion of investment in its oil and gas sector over the next five years, Acting President Delcy Rodriguez said Saturday.
What Will Happen to the Oil Price Over the Next Few Quarters?
What will happen to the Brent oil price over the next few quarters?
OE Says India May Raise Fuel Prices in November
India may raise fuel prices moderately in November, a brief window to do so before crucial state elections early next year, Oxford Economics said.
OPEC's Smallest Member Rewrites Oil Law
African oil producer Equatorial Guinea will next week pass a new package of favorable terms for oil explorers.
Brent Oil Hits $110 as Supply Risks Mount
Oil prices surged as traders weighed rising Middle East tensions and supply risks.
USA Crude Oil Stocks Drop Almost 9MM Barrels WoW
Commercial crude oil stocks, not including the SPR, came in at 415.577 million barrels on October 9, the EIA's latest weekly petroleum status report revealed.
