Industry News

Today's $67 per barrel is only $44 per barrel in 2008-dollars, SEB Chief Commodities Analyst Bjarne Schieldrop said.

The latest divestment involves its non-operated DJ Basin assets, which will be acquired by an unnamed private buyer for $90 million.

Benchmark crude oil prices could be impacted significantly by escalating military tensions between the U.S. and Venezuela, Rystad warned.

'This growth reflects strong momentum from our operational expansion in Thailand and overseas this year, which has already translated into higher sales volume and revenue, and will continue to support our performance into 2026 and beyond'.

Var Energi confirmed a new oil discovery on Norway's side of the Barents Sea, the second discovery in weeks in its ongoing Goliat Ridge drilling campaign.

The Trump administration extended a waiver for Lukoil's gas stations outside of Russia, allowing them to continue operations until late April 2026.

Kraken Technologies Ltd has kicked off a fresh funding round to raise about $500 million, according to people familiar with the matter.

Talks stalling on a Russia-Ukraine peace plan kept sanctions in place, giving oil futures support.

Saudi Arabia cut the price of its flagship crude grade to the lowest level in five years.

'The January natural gas contract traded as high as $5.039 [per MMBtu] yesterday before closing at $4.995', EBW Analytics Group Energy Analyst Eli Rubin said.

'Nearly $6 billion is expected for U.S. shale and tight assets that include Permian, DJ and Bakken, underpinning anticipated U.S. production of more than two million barrels of oil equivalent per day'.

Morningstar analysts said they believe oil demand 'still has five to 10 years of decent growth before plateauing in the early 2030s'.

Macquarie signed a definitive agreement to buy 0.5 million metric tons per annum of LNG for 20 years from Glenfarne's Texas LNG project.

UK union Unite announced that over 400 offshore members employed by Bilfinger UK Limited 'have supported taking strike action in an escalating dispute over pensions'.

UK union Unite announced that over 400 offshore members employed by Bilfinger UK Limited 'have supported taking strike action in an escalating dispute over pensions'.

Germany has begun preliminary discussions with potential investors - including ADNOC - about a deal to buy the trading unit of SEFE, as the government looks at options for the future of the nationalized energy company.

Turkiye's state-owned BOTAS signed separate 10-year agreements for the supply of LNG from Germany's SEFE and Italy's Eni.

'As a result of this acquisition, Plenitude will incorporate into its portfolio over 1.4 million retail customers in Italy'.

Crude settled modestly higher after US-Russia talks failed to produce a Ukraine peace deal, keeping sanctions risks elevated.

Insurance rates for ships calling at ports in the Black Sea are surging.