The latest oil and gas news from around the world.
Updated: 37 min 10 sec ago
Oil Settles Lower as Iran-US Talks Ease Risk
Oil prices closed lower as Iran confirmed talks with the US, easing near-term supply risks.
Vitol, Total Snap Up North Sea Oil at Fastest Pace on Record
Vitol Group and TotalEnergies SE are hoovering up key North Sea crude supplies.
Turkey, Chevron Sign Agreement on Global Exploration
The deal is the latest instance of increased cooperation between Turkish and U.S. energy companies.
USA Crude Oil Stocks Drop 3.5MM Barrels WoW
Crude oil stocks, not including the SPR, stood at 420.3 million barrels on January 30, according to the EIA's latest weekly petroleum status report.
BOEM Announces 'Major Step' Toward Expanding Offshore Energy
The Bureau of Ocean Energy Management announced 'another major step toward expanding offshore energy development pursuant to the One Big Beautiful Bill Act'.
Pemex Slashes Debt to 11 Year Low
Mexico's Petroleos Mexicanos reduced its debt to the lowest level in 11 years.
USA Expected to Produce Almost 1/4 of Global Oil Output
The EIA sees U.S. petroleum and other liquid fuels production averaging 23.88 million barrels per day in 2026.
Shell's Profit Falls
Shell Plc profits slumped in the fourth quarter.
Oil Ends Higher Amid Rising Middle East Risks
Oil settled higher as uncertainty over US-Iran nuclear talks and renewed military rhetoric fueled geopolitical risk premiums despite mixed signals from supply data.
Eneos to Expand Oil Trading Portfolio Outside Japan
Eneos Holdings Inc. plans to expand its team to handle more oil-derivative trading at its overseas offices including Singapore.
Russian Oil Revenues Plunge to 5 Year Low
The Russian government's oil revenues collapsed to the lowest in more than five years in January.
ADNOC, TAQA Pen 27 Year TA'ZIZ Deal
The agreement 'marks a significant milestone in the development of the TA'ZIZ ecosystem'.
Holtum Says LNG Projects Need New Financing Playbook
Trafigura Group Chief Executive Officer Richard Holtum said the liquefied natural gas industry needs a 'bit of innovation' when it comes to financing projects.
Texas Upstream Employment Rises
TIPRO said employment in the Texas upstream sector increased between November and December 2025.
Strategists Forecast Week on Week USA Crude Inventory Rise
Macquarie strategists revealed that they are forecasting that U.S. crude inventories will increase week on week.
Equinor Reduces Share Buyback
Equinor ASA reined in its share buyback after fourth-quarter profit missed analyst estimates.
Oil Ends Day Higher After Drone Incident
Crude prices rose after a drone incident and renewed Strait of Hormuz concerns.
Trump Cuts India Tariffs
President Donald Trump said he would roll back punitive tariffs on India in return for an agreement that Prime Minister Narendra Modi would stop buying Russian oil.
Iran Risk Hands Oil Algos Early Test
Algorithmic traders have racked up a third straight year of losses in oil.
Devon, Coterra Sign 'Blockbuster' Merger Deal
Devon Energy and Coterra Energy announced the signing of a definitive agreement to merge in an all-stock transaction.
