The latest oil and gas news from around the world.
Updated: 21 min 47 sec ago
2 Chinese Supertankers Abort Hormuz Attempt
Two Chinese-linked supertankers U-turned in the strait as risks to shipping remain elevated, with prospects for a normalization of traffic dimming after President Donald Trump took a hard line on Iran.
Greek-Run Oil Tanker Comes Under Attack
A Greek-run oil tanker was attacked in the Black Sea after loading a Russian-origin cargo.
Oil Hits Three-Week High on Iran Standoff
Crude gained as Hormuz tensions, tanker threats and tight fuel markets supported prices.
Equinor to Buy Majority Stake in 1.48GW CCGT Plant in PA
'Equinor and Invenergy will together explore additional collaboration opportunities that leverage Invenergy's long-standing operating capabilities and position in the existing PJM power market'.
North America Goes Back to Adding Rigs
North America added eight rigs week on week, according to Baker Hughes' latest North America rotary rig count.
Energy Stocks Soar to Record
Energy stocks are closing in on record levels reached earlier this year.
ExxonMobil Awards $1.1B Contracts for Mozambique LNG Project
ExxonMobil and its Area 4 partners issued around $1.1 billion in engineering, procurement and manufacturing contracts for the pre-FID 18.6-MMtpa Rovuma LNG project in Cabo Delgado.
KazMunayGas Posts Higher H1 Profit
Kazakhstan's state-owned KazMunayGas reported around $1.96 billion in net income for the first six months of 2026, up 69.1 percent from the first half of 2025 as higher oil prices offset lower production.
Russian Crude Oil Production Enters New Era of Constraint
Rystad says Russia's crude production has entered 'a new era of constraint'.
Chevron Makes New Discovery in Block 0 offshore Angola
Chevron and its partners are considering a tieback.
Will Oil Prices Keep Rising?
Will oil prices keep rising as Iran tensions threaten global crude supply?
Supertankers on Mideast Route Reach $510K a Day in Earnings
Earnings for a supertanker procuring crude oil from within the Persian Gulf to Asia are nearing a two-month high, as exporters hunt for more vessels to deliver the fuel via the Strait of Hormuz even as the security situation remains uncertain.
USA-Iran Peace Prospects Dim
The prospects for peace in the Middle East suffered a fresh setback.
Oil Advances as Iran Tensions Persist
Crude futures gained as geopolitical risks remained elevated across the Middle East.
Trump Administration Bins 3 Proposed Grid Corridors
The Lake Erie-Canada Corridor, Southwestern Grid Connector Corridor and Tribal Energy Access Corridor have been withdrawn.
Vista Jumps as Thiel Logs Stake
Shares in Vista Energy SAB, Argentina's top oil exporter, jumped in New York on Monday.
Power Constraints Becoming Brake on Robotic Adoption
Power constraints are becoming a real brake on robotic adoption, said Robert Liew, Director, Integrated Energy Research, at Wood Mackenzie.
EIA, IEA, OPEC Reports Highlight 'Massive Divergence'
Ole Hansen, Saxo Bank's Head of Commodity Strategy, highlighted that the monthly oil market reports from the EIA, IEA, and OPEC 'continue to highlight a massive divergence'.
Net Power Says It Is Focusing on Gas to Ride Data Center Demand
'Our commercial strategy is recalibrated around what we believe today's power customers are actually prioritizing: speed-to-power, reliability and scale'.
Why Has Oil Not Rallied to $150 or Higher?
Bjarne Schieldrop, Chief Commodities Analyst at SEB, explains why Brent hasn't rallied to $150 per barrel or higher.
