The latest oil and gas news from around the world.
Updated: 25 min 24 sec ago
China's LNG Demand Won't Bounce Back
Hopes for a strong rebound in China's demand for liquefied natural gas are fading, despite the ceasefire called in the Middle East.
Oil Plunges on Ceasefire Deal
Oil prices plunged after a US-Iran ceasefire eased fears of prolonged supply disruption.
Exxon Lost 6 Pct of Its Global Output
Exxon lost six percent of its global production in the first quarter as the Iran war paralyzed oil and natural gas operations in the Persian Gulf.
Commonwealth LNG Finalizes Offtake Agreements
Owners Kimmeridge and Mubadala expect to make a final investment decision 'in the coming weeks'.
EIA Fuel Update Shows Rising Price Trend
The EIA's latest gasoline fuel update showed a rising price trend for U.S. regular gasoline.
New Circuit Activated for UK's Biggest Hydropower Station
National Grid has energized the second of three new high-voltage circuits linking the 1,800-megawatt Dinorwig station with the transmission network in North Wales.
Rosneft Tamps Down Profit Expectations from Soaring Prices
'The positive impact of rising oil prices on industry revenues should not be overstated, as it is largely offset by higher costs for freight, insurance and currency conversion'.
DOI Plans to Merge BSEE, BOEM
The U.S. Department of the Interior announced the start of a phased plan to establish the Marine Minerals Administration.
Oil Sharply Reprices Lower
'The market remains highly headline-driven', Naeem Aslam, CIO at Zaye Capital Markets, warned.
Refining Margins to Provide Buffer as Shell Gas Production Takes War Hit
Shell expects production in its Integrated Gas segment to fall to 880,000-920,000 boed in the first quarter of 2026 from 948,000 boed in Q4 2025 due to 'the impact of the Middle East conflict on Qatari volumes'.
Iran, US Eke Out Truce
The U.S. and Iran agreed to a two-week ceasefire in exchange for Tehran reopening the Strait of Hormuz.
Crude Sinks on Two-Week Iran Pause
Oil plunged and markets rallied after Trump agreed to pause strikes on Iran for two weeks.
1 of 7 Stranded Malaysian Vessels Sails Through Hormuz
Malaysia has maintained cordial diplomatic ties with Iran.
Crude Closes Mixed on War Signals
Oil prices closed mixed as traders weighed conflicting signals on Iran and supply risks.
North America Drops More Rigs Week on Week
North America dropped six rigs week on week, according to Baker Hughes' latest North America rotary rig count.
Trump Says USA in 'Heated' Iran Talks
President Donald Trump said he was in 'heated negotiations' involving the war with Iran.
Trump Says Iran Could 'Die Tonight'
President Donald Trump threatened Iran with civilizational destruction.
USA Strikes Kharg Island
The U.S. attacked military targets across Iran's Kharg Island.
Phillips 66 Books $900MM in Hedging Losses as Prices Surge
'The sharp increase in commodity prices during the first quarter resulted in a net outflow of approximately $3 billion of cash collateral on derivative positions'.
Texas Upstream Employment Drops in January
Texas upstream employment declined at the start of the year, according to a statement sent to Rigzone by TIPRO recently.
