Industry News

Exxon Mobil Corp. and Chevron Corp. surpassed profit expectations as higher oil production helped offset the blow from lower crude prices.

The Railroad Commission of Texas (RRC) revealed its latest preliminary crude oil and natural gas production figures.

Murphy Oil increased its quarterly dividend per share by eight percent to $0.35.

The next OPEC+ meeting is currently scheduled to take place on Sunday.

'The transaction creates a leading regional independent E&P platform across Colombia and Argentina'.

Prediction markets now put the probability of the U.S. striking Iran before June this year at 71 percent, SEB Chief EM Strategist Erik Meyersson said.

TotalEnergies said the under-construction Mozambique LNG is back in full gear after a security-related force majeure declaration that had been in place for about five years.

Ukraine is ready to halt strikes on energy infrastructure if Russia agrees to abide by a US proposal for a weeklong truce, President Volodymyr Zelenskiy said.

Brent topped $70 and WTI climbed above $65 amid fears of supply disruption in the Strait of Hormuz.

Venezuela's interim leader is playing to three different audiences with her plans for Venezuela's oil sector.

Crude oil stocks, not including the SPR, stood at 423.8 million barrels on January 23, according to the EIA's latest weekly petroleum status report.

President Donald Trump warned Iran to make a nuclear deal with the U.S. or face military strikes far worse than the attack he ordered last June.

'Timing and execution will determine whether several mega deals will go through', Rystad Energy said.

OKEA and its partners discovered more hydrocarbon deposits in the producing Brage field on Norway's side of the North Sea.

ORLEN plans to develop underground hydrogen storage in Poland to support transshipment in Central Europe.

The governments of Germany and Denmark said they have paved a new regulatory ground with the signing of an agreement for a cross-border project that will connect several wind farms via a single hub on the Danish island of Bornholm in the Baltic Sea.

Mazen Salhab, Head of Market Research at MH Markets, highlighted that oil prices 'remain elevated and volatile'.

The agreements with state-owned Indian Oil, Bharat Petroleum and Hindustan Petroleum 'represent potential sales of up to 60 million barrels, with a total value that could exceed $3.1 billion'.

Russia's Lukoil agreed to sell most of its international assets to private equity giant Carlyle, three months after being hit by U.S. sanctions.

Markets turned more bullish as traders priced in rising volatility and tighter near-term supply.