The latest oil and gas news from around the world.
Updated: 58 min 24 sec ago
WTI Tops $71 as Sanctions Loom
Oil prices surged, with WTI reaching $71 and Brent topping $74, as geopolitical tensions and potential sanctions on Russia and Iran outweighed concerns about a supply glut projected for 2025.
USA BOEM Announces 'Next Steps' in GOM Offshore Wind Leasing Process
The U.S. Bureau of Ocean Energy Management announced the 'next steps' in the competitive leasing process for offshore wind energy in the Gulf of Mexico.
Kosmos Deal Would Ease Tullow Finances but Debt Presents Hurdle
Both companies acknowledged early merger talks on Thursday, following media speculation.
Russia's Refined Fuel Shipments Edge Down as Diesel Flows Shrink
Russia's oil-product exports eased slightly last week on smaller diesel flows.
