Industry News

U.S. crude is drawing overseas interest from Asian and European refiners.

However, adjusted net profit for January-June 2026 fell nine percent year-on-year to RUB 216.49 billion.

Rystad Energy mapped four potential U.S.-Iran conflict scenarios to assess their impact on oil prices.

The Chevron-led Aphrodite consortium, Cyprus Hydrocarbons and Egyptian Natural Gas signed a memorandum of understanding to enable the piped export of 100 percent of production from the Aphrodite field to Egypt.

Offshore Energies UK announced that its CEO, David Whitehouse, had a 'constructive meeting' with the UK's new Secretary of State for Energy.

Chinese buyers are snapping up Russia's flagship ESPO crude weeks earlier than usual, as heightened risks to Middle East oil flows prompt refiners to secure supplies before they're needed.

Matador Resources Co. agreed to buy Permian Basin assets from EnCap Investments LP for about $1.3 billion in cash.

Oil climbed above $100 a barrel after Houthi attacks on Saudi tankers heightened fears of broader supply disruptions.

'The transaction supports and reinforces Magnolia's business model' Magnolia said.

'This milestone marks another major step in the development of Kazakhstan's first large-scale hybrid power plant, integrating solar, gas and future wind generation to ensure decarbonized and reliable electricity supply to KazMunayGas subsidiaries'.

QatarEnergy is preparing to further extend force majeure on liquefied natural gas shipments through mid-October, according to people with knowledge of the matter.

Equinor and its partners made a new oil discovery that they are now considering developing via existing infrastructure in the Johan Castberg field on Norway's side of the Barents Sea.

Repsol reported EUR 1.84 billion in adjusted net income for the second quarter, up 207 percent year-on-year due to a spike in oil prices.

Oil is rocketing towards $100 per barrel, adding more than $14 per barrel in just a week.

TotalEnergies announced a dividend of EUR 0.9 per share for the second quarter, up 5.9 percent from the same three-month period last year, and a new share buyback program of up to $1.5 billion for Q3, as higher oil prices continue to lift earnings.

UK Prime Minister Andy Burnham has selected his energy team.

The militant group in Yemen, who have been threatening to open another front in the Iran war, said they had targeted two oil tankers in the Red Sea.

Brent settled above $94 as traders weighed growing geopolitical risks and the potential for prolonged supply disruptions.

Power blackouts hit energy-rich North Africa from Libya to Tunisia and Algeria.

Ships continue to turn away from the Red Sea's southern end, after Houthi rebels announced an embargo on Saudi exports through the Bab el-Mandeb Strait, which has become a lifeline for oil exports since the start of the U.S.-Israeli war with Iran.