The latest oil and gas news from around the world.
Updated: 13 min 50 sec ago
Refiner Profits Are Soaring
U.S. crude refiners are enjoying some of the best profit margins in years.
Texas Oil Regulator Directs DOGE to Enhance RRC Efficiency
'Our goal is simple', RRC Commissioner Wayne Christian said.
China Urges 'Unimpeded Passage' of Hormuz
China called for the unhindered flow of shipping through the Strait of Hormuz.
Alberta Advances West Coast Oil Pipeline Project
Alberta's government said it had applied to list the West Coast Oil Pipeline project, a new gateway for the province's oil sands to British Columbia and eventually Asia, as a project of national interest.
Which Country is the Biggest Oil Consumer?
Rigzone examines the Energy Institute's latest statistical review of world energy report, which was released recently.
Woodside Assumes Operatorship of Aussie Gas Assets from ExxonMobil
The partners continue to each own 50 percent in the Gippsland Basin Joint Venture, which supplies about 40 percent of gas needs on Australia's east coast, and 32.5 percent in the Kipper Unit JV, Woodside said.
ExxonMobil, QatarEnergy Affirm Commerciality of Cyprus Discoveries
QatarEnergy and ExxonMobil signed a 'commercial discovery declaration' with the Cypriot government for two discoveries in Block 10 in the Mediterranean Sea.
Oil Remains in a Divided Market
Oil remains in a divided market, Waleed Said, Technical Analyst at GivTrade, stated.
TotalEnergies Offers Millions of Iraqi Barrels to Asia
TotalEnergies is offering millions of barrels of Iraqi crude that can be promptly delivered to Asia, according to traders, adding to a market already brimming with supply.
Saudi Oil Exports Approach Pre-War Levels
Saudi Arabia's crude oil exports have surged to roughly pre-war levels since the kingdom resumed cargo loadings inside the Persian Gulf.
Oil Holds Near Prewar Lows
Oil prices steadied as rising exports through Hormuz reinforced concerns about a growing global supply surplus.
