Industry News

Members of the G7 club of rich countries lead commitments, which currently total 426 million barrels.

Netanyahu also said Israeli forces would help the U.S. attempt to reopen the Strait of Hormuz and that the war would be over faster than people think, in comments that helped calm markets.

Oil prices rose amid attacks on key Gulf energy infrastructure, with LNG disruptions amplifying supply concerns.

Over the past three weeks, dozens of refineries, oil fields, gas plants, ports and other energy infrastructure have been damaged by missile and drone strikes in the Arabian Gulf.

Eni has bumped up the upper range of its shareholder distributions from 35-40 percent of cash flow from operations to 35-45 percent as part of its updated plan (2026-30).

The EIA noted in its latest STEO that 'higher crude oil prices lead to more U.S. crude oil production' in its forecast.

Benchmark oil prices are soaring as war in the Middle East disrupts crude flows, but the advance is also sparking the biggest discount for U.S. crude in more than a decade.

'A project is ongoing to further mature operating model and organizational structure'.

'Strikes on key energy infrastructure in the Middle East exacerbated fears of a global supply crunch', said Art Hogan, Chief Market Strategist at B. Riley Wealth.

The Australian LNG-focused producer picked from within its ranks to replace Meg O'Neill, whom BP named CEO last December.

'Conflict in the Middle East highlights again the UK's growing challenge of where and how it gets its energy', OEUK CEO David Whitehouse said.

BP has raised its target for 'structural cost reductions' by 2027 to $6.5-7.5 billion following a deal to divest its refinery and associated assets in Gelsenkirchen, Germany to Klesch.

The U.S. president sought to stop attacks on energy facilities in the Middle East after Israel and Iran struck key targets, fueling concern that a prolonged war will cause lasting damage to oil and gas infrastructure.

Crude settles higher as attacks on key energy sites elevate supply concerns, widening Brent's premium and lifting gasoline sharply.

President Donald Trump temporarily waived a century-old shipping mandate to lower the cost of transporting oil, gas and other commodities around the United States.

Eni announced new gas discoveries in Libya totaling more than one trillion cubic feet.

'The volume basis in Johan Castberg was originally estimated at 500-700 million barrels, and Equinor has an ambition to increase this by an additional 200-500 million barrels'.

President Donald Trump pressed for a de-escalation of attacks on Middle East energy assets.

Iran warned Gulf countries that a number of energy assets are now 'legitimate targets'.

'Petrofac Emirates encompasses Petrofac's core engineering and construction (E&C) capability, including the E&C execution teams in the UAE, Chennai and Mumbai'.