Industry News

ADNOC appears to be continuing to load liquefied natural gas onto tankers in the Persian Gulf, according to satellite images, despite ongoing disruptions to energy flows through the Strait of Hormuz and a recent escalation of hostilities.

U.S. retail diesel prices hit the highest since mid-2022.

WTI settled above $91 as fresh Iran strikes offset signals of easing market tightness.

BP signed an agreement with Shell to sell part of its ownership in the Tupinamba exploration block in Brazil's offshore Santos Basin and five leases containing the Conifer exploration prospect on the United States side of the Gulf of America.

RRC Commissioner Wayne Christian hailed an 'oil theft bust' stemming from a multistate investigation as a 'victory for Texas oil and gas'.

Australia's Woodside and Petroleos Mexicanos signed a memorandum of understanding to expand their partnership in Mexican waters beyond the under-construction Trion oil project.

Refiners in India and China, the world's two biggest oil importers, are stepping up spot purchases of Middle Eastern crude.

Chevron Corporation announced that its joint ventures in Venezuela plan to invest more than $7 billion over the next five years.

Diversified signed agreements to acquire Birch Permian from affiliates of Elliott for around $1.8 billion, supported by an expanded investment partnership with Carlyle.

Art Hogan, Chief Market Strategist at B. Riley Wealth, projected that the Brent crude oil price could hit $100 in the next week.

The Japanese maritime leader consummated the combination of six ship management subsidiaries to streamline safety culture.

South Korea will merge a string of state-run energy and transport companies as part of a broader overhaul of public institutions that is aimed at cutting costs and strengthening the country's competitiveness at a time of rising power demand.

Oil held near a five-week high as renewed US-Iran fighting raised fresh concerns over Strait of Hormuz exports.

President Donald Trump pressed U.S. oil refiners to boost domestic production of gasoline and diesel during a closed-door meeting Tuesday.

The State Oil Company of the Republic of Azerbaijan signed a preliminary deal to acquire a stake in Haynesville gas assets operated by Comstock for $1.65 billion.

David Lindley has been named as the new director of the RRC's Oil and Gas Division.

The Canadian methanol producer expects to stop production in New Zealand next year and has entered into an agreement selling its gas supply entitlements.

U.S. diesel advanced to the highest price since hitting a peak in April during the initial phase of the U.S.-Iran war.

DNO and Genel, both partners in a producing oil project in Iraq's Kurdistan, are competing to enter Egypt via Capricorn.

DNO and Genel, both partners in a producing oil project in Iraq's Kurdistan, are competing to enter Egypt via Capricorn.