Industry News

Oil traders are paying a premium for bullish call options for the longest stretch in about 14 months.

India has more work to do in order to satisfy U.S. concerns about its purchases of Russian oil and secure tariff relief, President Donald Trump's trade representative said.

The U.S. Energy Information Administration projected that the U.S. on-highway diesel fuel retail price will drop in 2026.

Chevron appointed Thomas Horton, a partner at Global Infrastructure Partners of global asset manager BlackRock, as an independent director, expanding its board to 13 members.

The U.S. Energy Information Administration projected that U.S. total energy consumption will drop in 2026 and rise in 2027.

'Uniper is to supply both standard power for nLighten's German locations and a guaranteed base load supply of hydroelectric power, ensuring a constant CO2-free energy supply with exceptional traceability on an hourly basis'.

'We expect [crude oil] market sentiment to gradually turn more positive as the bearish oversupply narrative so prevalent in H2-2025 weakens', Standard Chartered Bank Energy Research Head Emily Ashford said.

The Australian LNG-focused producer's output in 2025 exceeded guidance and set a company record but it expects a slowdown in 2026 due to downtime from preparations to start up the Scarborough Energy Project.

'This agreement sets new fiscal terms allowing to increase the production of these concessions that are currently producing around 370,000 barrels of oil equivalent per day'.

The talks follow a period of bumper profitability for the energy trading industry, as major producers look to increase margins on oil and gas sales.

Crude prices rose as US military signals, refinery disruptions, and a weaker dollar supported commodities.

The European Union's competition chief has warned against relying 'too much' on U.S. liquefied natural gas imports.

Mexico's state oil company backtracked on plans to send a much-needed shipment of crude oil to Cuba.

'Looking ahead, we expect IET orders to remain at robust levels, supported by continued momentum in LNG, a stronger year of FPSO and gas infrastructure awards, and sustained strength for power systems'.

Rigzone talks to Phil Flynn, a senior market analyst at the PRICE Futures Group, and Art Hogan, Chief Market Strategist at B. Riley Wealth.

3D Energi has voluntarily halted trading on the Australian Securities Exchange, having defaulted on the payment of its share of costs in a ConocoPhillips-led exploration campaign in the Otway basin offshore Victoria.

The EIA projected that the U.S. natural gas Henry Hub spot price will drop this year and rise next year in its latest short term energy outlook.

The North Sea neighbors pledged to ensure 'a more evenly distributed offshore wind tender pipeline between 2031 and 2040 across the North Seas contributing to a European installation capacity of up to 15 GW per year'.

North America added six rigs week on week, according to Baker Hughes' latest North America rotary rig count.

Santos and its partners shipped the first cargo from the Darwin LNG life extension project in Australia's Northern Territory.