Oil at $100 Promises Boon for Algeria
The North African nation of 47 million people has long relied on some of the continent's largest oil and gas reserves to pay for many of its subsidies.
Brent Holds Above $100 as Conflict Drags
Brent closed above $100 for a second session while traders weigh war risks and extreme volatility.
Mines Across Hormuz Would Create Lethal Barrier
Iran has vowed to keep the strait closed, but whether it's actually mining the area is contested.
USA Crude Oil Stocks Rise Almost 4MM Barrels WoW
Crude oil stocks, not including the SPR, stood at 443.1 million barrels on March 6, according to the EIA's latest weekly petroleum status report.
Oil Drillers Resort to Trucks as California Pipe Idled
Oil drillers in central California have resorted to the costly and cumbersome alternative of trucking crude barrels 50 miles.
DOI Announces Results of BBG2 Lease Sale
13 companies submitted 38 bids totaling $69,838,782, a DOI statement highlighted.
Petronas Makes Discovery offshore East Java
'The Barokah-1 discovery reinforces the compelling exploration potential we continue to see in the Northern Madura region, East Java'.
Analyst Warns of 'Big, Big Risk' for Oil Over Weekend
No one in their right mind would dare to sit short oil over the coming weekend, SEB Chief Commodities Analyst Bjarne Schieldrop said.
TotalEnergies Raises Production in Lapa offshore Brazil
The field, in the Santos basin, now has a production capacity of about 60,000 barrels per day of oil.
UAE Cuts Crude Shipments to Partners
ADNOC cut the volume of crude for its onshore partners by about a fifth for this month, although the flows will still go to a port outside the all-but-shuttered Strait of Hormuz.
Court Upholds Petrofac Deal with Creditors
A court upheld a 'voluntary arrangement' between the energy engineering company and certain creditors, in a challenge by UK tax authorities that threatened to delay Petrofac's sale of its Asset Solutions business.
Brent Closes Above $100 Amid Gulf Crisis
Oil surged as Gulf supply disruptions pushed Brent above $100 for the first time since 2022.
USA to Release 172MM Barrels of Oil for IEA Relief Plan
The Trump administration plans to release 172 million barrels from the U.S. emergency oil reserve.
USA Oil, Gas Hiring Remains Disciplined
U.S. oil and gas hiring 'remains disciplined, not aggressive', Brian Binke, the President and CEO of Michigan based the Birmingham Group, told Rigzone.
USA Eyes Hormuz Escorts by April
The U.S. Navy could start escorting tankers through the Strait of Hormuz by the end of this month, Energy Secretary Chris Wright said.
Average USA Gasoline Price Nears $3.6 Per Gallon
The average regular gasoline price in the U.S. is $3.598 per gallon as of March 12, according to the AAA Fuel Prices website.
ExxonMobil Seeks to Move Legal Address to Texas
'We believe Texas legislators, judges and juries that are more familiar with our business are more likely to provide legal certainty'.
Oil Tankers Attacked in Persian Gulf
Two oil tankers were hit in Iraqi waters, the latest in a string of attacks on ships in the Persian Gulf that are raising risks to global energy supply from the deepening Middle East war.
Oil Market Shrugs Off 400MM Barrel IEA Reserve Release
'Threats to the energy structure in the Middle East have kept oil prices bid', Aaron Hill, Chief Market Analyst at FP Markets, said.
Eni Signs Up for 15-Year Biomethane Supply from France
Eni's Plenitude and Seya Group's Methagora signed an agreement under which Italy's Eni will buy 50 gigawatt hours per year of biomethane over 15 years from Methagora's French production.
