Industry News

Chevron Corp. is worried that global oil supplies are running dry as the U.S.-Israel war with Iran enters its third month.

President Donald Trump expressed displeasure with the current state of negotiations with Iran but stopped short of threatening fresh military action.

Iran delivered a new proposal to the U.S. and President Donald Trump vowed to maintain a naval blockade.

Oil prices dipped as uncertainty around US-Iran negotiations tempered recent gains.

Exxon Mobil Corp. and Chevron Corp. posted stronger than expected earnings for the first quarter.

The U.S. Department of Energy announced that it has delivered a 'historic Request for Proposal execution to secure global oil supply stability'.

Caturus, the JV, completed its acquisition of Galvan Ranch in Texas from SM Energy for $950 million.

The Norwegian oil and gas producer reported $36 million in net income for Q1, a bounce-back from prior-quarter losses and an increase year-on-year due to higher sales volumes and realized oil prices.

U.S. President Donald Trump gave his opinion on the United Arab Emirates' decision to withdraw from OPEC.

'In this war driven oil shock, inventories have become the market's primary balancing mechanism', J.P. Morgan analysts said.

Malaysia's national oil and gas company signed a deal to give returning investor ENEOS a 10 percent ownership in Malaysia LNG Tiga.

Ukrainian drones struck a major refinery deep inside Russia and again attacked an oil pumping station nearby, further crippling Moscow's crude processing capability.

Gasoline in California has topped $6 a gallon.

Brent retreated from a four-year high as algorithmic trading and thin volumes drove volatility.

OPEC+ is likely to agree another symbolic production increase for June, three delegates said.

Crude oil stocks, not including the SPR, stood at 459.5 million barrels on April 24, the EIA's latest weekly petroleum status report showed.

Vendor offers represented 265 projects spanning green hydrogen, lower-carbon hydrogen and hydrogen derivatives.

The Chinese state-backed company reported around $5.72 billion in net income for the first quarter, up 7.1 percent from the same three-month period last year on higher realized oil prices and oil and gas sales.

Rigzone talks to analysts from the Heritage Foundation, Wood Mackenzie, and Standard Chartered.

The Middle East Crisis Temporary State Aid Framework, adopted following a consultation with member states, allows various forms of government assistance for agriculture, fishery and transport companies until yearend.