The latest oil and gas news from around the world.
Updated: 59 min 57 sec ago
IEA Slashes Oil Demand View
The International Energy Agency cut forecasts for oil demand this year and warned consumption may decline further in the coming months.
USA Diesel Hits $6 Per Gallon for First Time Ever
'It is a level diesel has never reached', GasBuddy said.
What if the Assumptions Embedded in the Oil Curve Are Wrong?
What if the assumptions embedded in the oil curve are wrong - J.P. Morgan analysts, including Natasha Kaneva, J.P. Morgan's Head of Global Commodities Strategy, ask.
Saipem Signs New Preliminary Contract for Rovuma LNG
A consortium of Belgium's Jan De Nul and Italy's Saipem signed a letter of intent with ExxonMobil for the upstream infrastructure of the planned Rovuma LNG project in Mozambique.
Gulf States Mull Hormuz Talks with Iran
Oman is aiming to get foreign ministers from the Gulf Cooperation Council and Iran together, according to a person familiar with the matter.
Russia's Crude Output Fell in August
Russia's production of crude oil shrank in August.
Oil Soars as Hormuz Risks Rattle Markets
Brent surged more than 6% to $107.63 as escalating Middle East tensions heightened global supply concerns.
Enbridge to Acquire Tallgrass Pipelines for $2.55B
The acquisition includes a 75 percent stake in the Pony Express Pipeline, which carries up to about 460,000 barrels per day of Rockies production to Cushing, Oklahoma.
NextEra Energy Seals $1.9B DOE Loan to Restart Iowa Nuclear Plant
The Trump administration has now financed three nuclear power plant restarts.
Two Historic USA Fuel Records Fall
Two 'historic' fuel records fell recently, a blog posted on GasBuddy's website on Tuesday outlined.
Iran, USA Brace for Long War
Iran and the U.S. are digging in for a protracted war.
McDermott Wins Contract for Eni's Cronos Project offshore Cyprus
The Houston-based company received a 'substantial' contract from Eni for Cyprus' first hydrocarbon development.
EU Faces Worst Gas Storage Position in Decades, WoodMac Says
Wood Mackenzie warned that Europe faces its 'weakest' winter gas storage position for nearly two decades.
TotalEnergies Makes New Discovery offshore Angola
TotalEnergies announced a discovery in Block 17 off Angola's Atlantic coast, which it expects to put into production this quarter.
Oil Closes at Highest Level in 4 Months
The Brent oil price closed at $101.21 per barrel on Wednesday.
Iran Says Ready for Escalation after Trump Warning
'The war is going to end immediately after the election because they can't hold out any longer', Trump said.
Mexico Slashes Pemex Aid by 70 Pct in Budget
Mexico's government aims to reduce financial support for state-owned oil company Pemex's debt payments to $4.8 billion in 2027.
Oil Surges as Attacks Escalate
Brent reached $101 as Middle East disruptions, falling inventories and renewed Chinese buying tightened markets.
Korea Picks $22B Gas Project as First in USA Trade Deal
South Korea has identified a gas-fired power project in Texas as the first U.S. investment under a trade deal agreed last year, local media reported.
USA Oil, Gas Workforce Figures Buck Trend
The number of employees in the oil and gas extraction industry rose month on month, bucking a trend, data on the U.S. Bureau of Labor Statistics website showed.
