The latest oil and gas news from around the world.
Updated: 49 min 27 sec ago
USA EIA Cuts West Texas Intermediate Oil Price Forecasts
The U.S. Energy Information Administration cut its WTI oil price forecast for 2025 and 2026.
Goldman Sachs Warns of Sub-$40 Oil Under One Scenario
Goldman Sachs analysts revealed that they see the Brent oil price falling to under $40 per barrel under one scenario.
Mexico Halts Fuel Imports at Texas Border as Inspections Ramp Up
Fuel shipments from Texas headed to Mexico have ground to a halt as the Mexican government cracks down on imports over tax payments.
Trio Closes Acquisition of Heavy Oil Assets from Novacor
Trio Petroleum Corp. has closed its acquisition of certain petroleum and natural gas properties held by Novacor Exploration Ltd. in the prolific heavy oil region of Lloydminster, Saskatchewan.
CNOOC Starts Production at Wenchang 9-7 Oilfield Development Project
China National Offshore Oil Corporation Limited commenced production at the Wenchang 9-7 Oilfield Development project in the western Pearl River Mouth Basin.
Oil Dips as Tariff Tensions Linger
Oil slipped as trade tensions and weak demand forecasts raised concerns of a long-lasting surplus.
Russia's Energy Plan Sees Crude Output Barely Shifting by 2050
Russia's new long-term energy strategy sees crude oil production and exports barely changing over the next 25 years.
Nabors Extends Corva Co-op to Advance Drilling's Digital Transformation
Nabors Drilling Technologies has extended its strategic alliance with Corva AI aiming to expedite the digital transformation in the drilling industry.
BP Announces Oil Find in Deepwater US Gulf
BP announced 'an oil discovery at the Far South prospect in the deepwater U.S. Gulf of America'.
Oil Glut to Persist Through 2026 as IEA Cuts Demand Forecast
The International Energy Agency slashed forecasts for global oil demand this year amid the brewing trade war.
Phillips 66 Gears Up for Proxy Fight Against Elliott
'Elliott seeks rapid, irreversible change in pursuit of an unrealistic thesis – and risks halting the momentum on our long-term value-creating strategic plan'.
Macquarie Strategists Forecasting 7.4MM Barrel USA Crude Inventory Build
Macquarie strategists are forecasting that U.S. crude inventories will be up by 7.4 million barrels for the week ending April 11.
BMI Reveals Latest Brent Oil Price Forecasts
BMI reveals its latest Brent oil price forecasts out to 2029.
Brazil to Offer Oil Blocks Where Petrobras Fights to Drill
According to the ANP, 31 companies are registered and able to bid, including Petrobras, ExxonMobil, Shell, Chevron, Equinor and BP.
Snam Says Regasification Unit Ready for Operations
Commissioning activities for the facility have started with the arrival of the first cargo of U.S. liquefied natural gas (LNG).
OPEC Cuts Oil Demand Forecast for 2025 and 2026 on Trade War
OPEC cut forecasts for global oil demand growth slightly this year and next.
Oil Prices Flat Amid Trade and Iran Talks
Oil held steady as U.S. trade pauses clashed with rising inflation fears.
Latin America's Largest Solar Plant With Battery Storage Commissioned
ContourGlobal commissioned the Quillagua plant, located in the municipality of María Elena, in the Antofagasta region of Chile.
US DOE Makes First HALEU Commitments to Five Nuclear Developers
The U.S. Department of Energy shortlisted five U.S. nuclear developers who could receive high-assay low-enriched uranium (HALEU) to meet their near-term fuel needs.
North America Loses Rigs for 6 Straight Weeks
North America cut 22 rigs week on week, according to Baker Hughes' latest North America rotary rig count.
