Crude Closes Near $91 After Historic Rally
WTI jumped 12% Friday as disrupted shipping and supply fears pushed crude toward $100 a barrel.
Analyst Explains Friday's Oil Price Rise
Rigzone talks to Rebecca Babin, a senior equity trader for CIBC Private Wealth in New York.
JMIC Says Strait of Hormuz Shipping is at Near Total Halt
Maritime traffic in the Strait of Hormuz has ground to a near-complete halt, with no oil shipments going through in the past 24 hours.
War Sees Energy Exporters Scramble for Routes Out of Gulf
The widening conflict in the Middle East is stoking fears over a global energy crunch.
Equinor, Wellesley Tie Up for Norwegian Exploration
'Both companies recognize the challenge of declining production on the NCS in the coming decade'.
Analysts See 'Significant Yet Short Lived' Oil Price Rallies
Analysts at BMI, a Fitch Solutions company, revealed that they expect 'significant yet short lived rallies in oil and gas prices'.
Chevron Inks 5-Year Deal to Supply Aussie Gas to Horizon Power
Chevron signed an agreement to supply about 14 petajoules of locally produced natural gas over five years to Horizon Power, a power utility serving Western Australia.
UK Oil, Gas Industry Meets with Chancellor
'At a time of huge global uncertainty, the UK should be making decisions for the long term in the interests of energy security', OEUK CEO David Whitehouse said.
Libya Restarts Gasoline Production at Sarir
Libya's NOC said the Sarir refinery is back to producing gasoline after a three-year hiatus.
Indian Refiners Snap Up Russian Crude after US Waiver
Over 10 million barrels of Russian crude have already been bought, according to people with direct knowledge of the deals.
Oil Settles Near 20-Month High
Oil prices surged to their highest levels in nearly two years as the Middle East conflict threatens global energy flows.
Trump's Alaska Lease Sale Draws Zero Bids From Drillers
The Trump administration's first oil and gas lease sale in Alaska's Cook Inlet received no bids, according to the U.S. Interior Department.
Maritime Groups Comment on Middle East Situation
INTERTANKO and OCIMF have issued a joint statement on the situation in the Middle East.
CLNE Announces Spate of RNG Deals
The contracts with trucking, refuse and transit fleets indicate 'continued growth of clean fuel adoption across multiple sectors', the Newport Beach, California-based company said.
Saudi Arabia Races to Reroute Oil
Saudi Arabia is diverting millions of barrels of oil to its Red Sea ports.
Venture Global Logs 181 Percent Increase in Annual LNG Sales
Revenue rose 177 percent to $13.8 billion.
JP Morgan Warns DFC Insurance Cap is Too Small for the Risk
J.P. Morgan analysts highlighted that 'to reopen the Strait, President Trump announced on Tuesday that the U.S. will escort and insure all commercial vessels transiting Hormuz, leveraging the DFC'.
Britain's National Grid Awards $4B Supply Contracts for EGL3
National Grid awarded contracts totaling nearly GBP 3 billion to Hitachi Energy and NKT for the supply of converter stations and the cable system for the electricity link between Scotland and England.
Are We Heading for an All-Out War in the Middle East?
Rigzone talks to Benjamin Zycher, a Senior Fellow at the American Enterprise Institute, and Doug Bandow, a Senior Fellow at the Cato Institute.
EU Sees No Energy Supply Concern from Mideast War for Now
The EU does not expect immediate impact from the fresh Middle East conflict on the security of oil and gas supply in the bloc, even amid a stoppage of flows from the Druzhba oil pipeline.
