The latest oil and gas news from around the world.
Updated: 36 min 29 sec ago
Global Exploration Signaling 'Early Recovery'
Global exploration is signaling an 'early recovery', according to Enverus Intelligence Research.
Ukraine Strikes 2nd Lukoil Refinery in Russia This Week
Ukrainian drones hit another Russian refinery owned by Lukoil PJSC.
USA Crude Oil Stocks Rise More Than 8MM Barrels WoW
Crude oil stocks, not including the SPR, stood at 428.8 million barrels on February 6, according to the EIA's latest weekly petroleum status report.
USA Labor Market Report Underpins Energy Demand
Rystad Energy outlined that the January U.S. labor market report 'surprise[d]... to the upside, underpinning energy demand'.
Crude Glut Is a Boon for USA Refiners
For U.S. refiners, the glut is proving a windfall.
Wright Says China Bought Some VEN Oil From the USA
China has bought some Venezuelan oil that was purchased earlier by the U.S., according to Energy Secretary Chris Wright.
Oil Gains As Middle East Tensions Rise
Traders balanced Iran uncertainty against growing inventories.
TotalEnergies Cuts Buyback to Lower End of Range
TotalEnergies SE trimmed its share buybacks to the lower end of its guidance range.
Ukraine Hits Lukoil Refinery
Ukraine attacked an oil refinery in Russia's Volgograd region.
EIA Sees Brent Price Dropping in 2026 and 2027
The U.S. Energy Information Administration projected that the average Brent spot price will drop in 2026 and 2027.
OPEC Says Oil Production Declined Last Month
OPEC+ oil production declined sharply last month amid losses in Kazakhstan, Venezuela and Iran, the group said.
EIA Fuel Update Shows Increasing Price Trend for USA Gasoline
The U.S. Energy Information Administration's latest gasoline fuel update showed an increasing trend for the U.S. regular gasoline price.
Strategists See USA Crude Stocks Rising Over 6MM Barrels WoW
Macquarie strategists revealed that they are forecasting that U.S. crude inventories will be up by 6.5 million barrels for the week ending February 6.
USA Allows Oilfield Contractors to Go to Work in VEN Fields
The U.S. government issued a general license to allow oilfield-service companies to work in Venezuela.
Oil Edges Down
Oil slid in a choppy session.
Equinor Divesting Full Onshore Position in Vaca Muerta Basin
'This transaction strengthens Equinor's financial flexibility', said Philippe Mathieu, executive vice president for Exploration & Production International at Equinor.
USA Boards Venezuela-Linked Oil Tanker
U.S. forces boarded an oil tanker after a cat-and-mouse chase from the Caribbean to the Indian Ocean, the Pentagon said.
Expand CEO Steps Down
Expand Energy Corp. said Domenic 'Nick' Dell'Osso, Jr. stepped down as chief executive officer.
India Seizes Three Tankers
The Indian Coast Guard seized three tankers that it said were involved in oil smuggling.
BofA Report Compares Big Oil Cos
In a BofA Global Research report sent to Rigzone last month, analysts offered a comparison of global 'big oil' companies.
