Oil Extends Wednesday Rally
'There is room for further upside', SEB Commodities Analyst Ole R. Hvalbye said.
Russia Slows Oil Drilling as Funds under Pressure
Russia's oil producers reduced the pace of drilling in 2025 to the lowest level in three years, dimming the outlook for output growth this year as Western sanctions and a strong ruble undercut revenue.
Occidental Q4 Profit Beats Estimates
Occidental has 'strengthened the balance sheet with the completion of the OxyChem sale on January 2, 2026, reducing debt by $5.8 billion since mid-December 2025 and bringing principal debt to date to $15 billion', the oil and gas producer said.
Crude Surges as Iran Risks Grow
Oil prices surged as traders reacted to rising Iran conflict risks.
Wright Downplays Interest in Greenland's Rare Earths
The Trump administration's primary interest in Greenland is on national security, not the development of its rare earths or energy resources, according to U.S. Energy Secretary Chris Wright.
Which USA Oil Major Produced the Most in 2025?
Which U.S. oil major produced the most in 2025 - ExxonMobil, Chevron, or ConocoPhillips?
USA Renews Threat to Withdraw From IEA
The U.S. renewed threats to quit the International Energy Agency.
Ovintiv Sells Anadarko Assets following NuVista Merger
'This transaction marks a significant milestone by focusing our portfolio, delivering on our debt target and unlocking increased returns to our shareholders', said CEO Brendan McCracken.
Texas Based E&P Firm to Deploy Up To $1B in 2026
The company revealed that it will 'focus the bulk of its capital expanding its high-quality inventory in the Permian Basin'.
JERA Seals Haynesville Acquisition
The transaction, involving about 81 square miles on Louisiana's side of the shale gas basin, included an upfront investment of $1.5 billion by the Japanese company.
Strategists See 5MM Barrel WoW USA Crude Stock Rise
Macquarie strategists projected that U.S. crude inventories will be up by 5.4 million barrels for the week ending February 13.
Devon Posts Lower Quarterly Profit
The Delaware-basin focused oil and gas producer logged $0.82 in net earnings per share adjusted for extraordinary or nonrecurring items, beating the Zacks Consensus Estimate of $0.81 per share.
Santos to Axe 10 Pct of Workers after Decline in Annual Profit
The layoffs will include short-term staff and contractors as major projects are completed and the company pursues cost savings, CEO Kevin Gallagher said.
Woodside Reports Increase in Reserves
The Australian LNG-focused said its proven and probable reserves grew last year, with three billion barrels of oil equivalent remaining at yearend.
Crude Dips On Iran Deal Signals
WTI slipped near $62 while markets weighed Iran and global supply signals.
Icy Baltic Threatens to Cut Russian Exports
The most extensive sea ice in 15 years around Russia's key Baltic Sea commodity ports could curb a chunk of the nation's vast exports program.
Analyst Says Bearish Gas Risks Growing
EBW Analytics Group Energy Analyst Eli Rubin warned that 'bearish' medium-term NYMEX gas risks are 'growing into the Spring'.
Santos Wins in Greenwashing Case by ACCR
The Australasian Center for Corporate Responsibility lost a landmark case before Australia's Federal Court in which it accused Santos of deceptive climate claims.
Saudi Oil Sales to China Up
Saudi Arabia's crude sales to top importer China for loading in March rose.
Equinor Makes Discovery Near Gullfaks
Preliminary estimates placed the size of the discovery at 1.3-3.8 million oil-equivalent barrels, the Norwegian Offshore Directorate said.
