The latest oil and gas news from around the world.
Updated: 9 min 30 sec ago
WTI, Brent Gain as Talks Ease Conflict Fears
Markets balanced geopolitical tension with signs of steady global oil demand.
Shell to Pause Kazakh Oil and Gas Investments
Shell will pause investment in Kazakhstan as it navigates legal claims from the OPEC+ nation against oil majors that could stretch into the billions of dollars, Chief Executive Officer Wael Sawan said.
Saudis Cut Key Oil Price for Asian Buyers
Saudi Arabia cut the price of its main oil grade for buyers in Asia to the lowest in years.
BP, KOC Sign ETSA Extension
The agreement 'paves the way for both companies to collaboratively progress Kuwait's most strategic asset fields'.
IPAA Promotes Naatz to Chief Policy Officer
The Independent Petroleum Association of America announced that Dan Naatz has been promoted to Executive Vice President and Chief Policy Officer.
Tankers With Russian Oil Flock to East Asia
More than a dozen tankers loaded with Russian Urals oil are sailing toward Asia or idling along the route.
Energy Complex Not Immune to Broad Commodities Sell-Off
The energy complex was not immune to the broad sell-off in commodities over the past week, Standard Chartered Bank Energy Research Head Emily Ashford said.
Tankers Speed Through Hormuz Chokepoint
Very Large Crude Carriers are traveling around the narrow, congested waterway - through which about a quarter of the world's seaborne oil trade travels - at as much as 17 knots, ship-tracking data show.
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'.
