Oil Futures Crash on Trump Negotiations Hint
Oil plunged as Trump delayed strikes on Iran, raising hopes of de-escalation despite conflicting signals from Tehran.
EIA Sees Oil Glut Tightening in Wake of Iran War
According to its March STEO, the EIA sees world petroleum and other liquid fuels production outweighing consumption by 1.87 million barrels per day in 2026.
AEP, SoftBank Ink Deal with US DOE for 10 GW Data Center Power
The mostly gas generation capacity will serve a 10-GW data center planned to rise at the site of a former gaseous diffusion plant in Pike County, Ohio.
Trump Reports 'Productive Conversations' with Iran
'I have instructed the Department of War to postpone any and all military strikes against Iranian power plants and energy infrastructure for a five day period', Trump said.
QatarEnergy Missile Strikes May Cause $100B Revenue Loss
QatarEnergy said it expects the damage to its Ras Laffan Industrial City caused by missile strikes to cost about $20 billion a year in lost revenue and to take up to five years to repair.
Iberdrola Reaches Over 11 GW of Installed Capacity in US
'Avangrid's growing portfolio is helping to meet a surge in energy demand across the country brought on by the proliferation of data centers powering the country's AI revolution'.
Maha to Acquire Stake in Venezuela's PetroUrdaneta
Maha made the decision following the U.S. Treasury's issuance of a 'general license' for certain transactions involving Petroleos de Venezuela.
The Oil Prices You See Do Not Tell Market's Real Story
There's an ever-growing gap between the price of oil futures and supplies that determine costs for consumers in the real world.
Fire Hits Oil Production at Major Libyan Field
The National Oil Corp said a leak-induced blaze that hit the Sharara crude pipeline had cut about half of production at the field, one of Libya's biggest with a declared capacity of 330,000 bpd.
Iran, Trump Exchange Threats over Hormuz
The U.S. president gave Iran a two-day deadline to reopen the Strait of Hormuz or have its power plants bombed.
Petrobras Discovers More Gas offshore Colombia
The new discovery in Block GUA-OFF-0 'consolidates the gas province and the gas potential in the Colombian offshore', Petrobras said.
Australia Weighs LNG Windfall Tax
Prime Minister Anthony Albanese has asked Australia's Treasury to look into imposing a windfall tax on the country's vast liquefied natural gas industry.
Oil Surges as Iran War Escalates
Oil surged to multi-year highs as the Iran conflict disrupts global supply.
IEA Says WFH To Help Combat Oil Price Shock
Oil futures have surged around 50 percent in London this month.
Texas Leads Nation in Oil, Gas Jobs
Texas 'led the nation' in oil and gas jobs last year with 476,777 people employed in the industry, according to TIPRO's latest state of energy report.
California's Gas Watchdog Warns of Gouging
California's energy regulator is keeping a close watch on the state's gasoline market for potential price gouging.
Norway Gas Production Down in February
Norway produced nearly 13 billion cubic feet a day of natural gas in February, down month-on-month and year-on-year.
USA Crude Oil Stocks Rise More Than 6MM Barrels WoW
Crude oil stocks, not including the SPR, stood at 449.3 million barrels on March 13, the EIA's latest weekly petroleum status report showed.
ADNOC, OMV Tweak Investment Plans for Polyolefins JV
'Considering the current market environment, OMV and ADNOC have agreed to strengthen the balance sheet of Borouge Group International AG as a precautionary measure'.
World Leaders Condemn 'De Facto' Hormuz Closure
The leaders expressed their readiness to contribute to 'appropriate efforts to ensure safe passage through the Strait'.
