Industry News

Oil remains in a divided market, Waleed Said, Technical Analyst at GivTrade, stated.

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 Arabia's crude oil exports have surged to roughly pre-war levels since the kingdom resumed cargo loadings inside the Persian Gulf.

Oil prices steadied as rising exports through Hormuz reinforced concerns about a growing global supply surplus.

Crude oil stocks, not including the SPR, stood at 408.4 million barrels on June 26, the EIA's latest weekly petroleum status report showed.

Shell is selling its 50 percent ownership in its only non-operated platform in the Gulf of America, including associated fields, and 100 percent in the Coulomb tieback to Ridgewood Energy and Talos Energy for $1.7 billion.

Russia's gasoline-supply crunch is starting to ripple into Central Asia.

Executives from oil and gas firms revealed where they expect the Henry Hub natural gas price to be at various points in the future in the second quarter Dallas Fed Energy Survey.

The Austrian companies unveiled a joint project to enable up to 670 gigawatt hours a year of heating capacity in the southeastern state of Styria.

The merger will see the British company, whose production comes from Iraq's Kurdistan region, expand into Egypt in the Sahara desert.

Rigzone examines the Energy Institute's latest statistical review of world energy report, which was released recently.

Malaysia's national oil and gas company said it has now drilled 8 successful wells with combined recoverable resources of over 1 billion barrels of oil equivalent in the South American country.

A hoard of Iranian oil is building up at sea, as the Islamic Republic struggles to find buyers before the expiry of a 60-day window granted by Washington.

Saudi Arabia is taking the unusual step of selling millions of barrels of oil on an ad-hoc basis to customers in Asia.

Oil prices fell as recovering Strait of Hormuz traffic and rising global supplies reinforced expectations of an oversupplied market.

Var Energi and Equinor entered into a swap agreement to realign their investments in the Gjoa and Troll-Farm areas on Norway's side of the North Sea, which they said would support faster tieback developments.

Executives from oil and gas firms revealed where they expect the West Texas Intermediate crude oil price to be at various points in the future in the second quarter Dallas Fed Energy Survey.

'The ramp up of new liquefaction facilities in North America, improved performance at existing plants and slower Asian imports of LNG have partially offset the impact of reduced supply from the Middle East'.

Italian oil company Eni SpA and commodity merchant Mercuria Energy Group Ltd. signed an agreement to join forces in trading.

BP PLC announced the retirement of newly appointed deputy chief executive Carol Howle and named 2 new executive vice presidents from within its ranks.