Industry News

'With 58 MW of power and 120 MWh of storage capacity, the project marks another step forward in the company's commitment to energy storage as a key pillar of electrification and renewable integration'.

GasBuddy highlighted that gasoline prices in the U.S. are 'plunging' but warned that the 'relief may be short lived'.

The U.S. and Israeli campaign against Iran that began in late-February has led to unprecedented upheaval in global markets.

The Spanish energy company producing renewable diesel at its Puertollano Industrial Complex in Ciudad Real, its second plant dedicated exclusively to producing 100 percent renewable fuels.

Enverus revealed that it has teamed up with Continental Resources, BPX Energy, Chord Energy, and Ranger Energy Services to introduce LifeSaver, 'a field safety initiative'.

'Current earnings continue to be supported by trading inefficiencies and a shortage of available vessels on the US-Far East trade'.

'Market pessimism once again grows over the prospects of a U.S.-Iran deal that could pave the way for a reopening of the Strait of Hormuz', Ole S. Hansen, Head of Commodity Strategy at Saxo Bank, said.

The agreement with the Japanese trading and investment conglomerate represents INEOS' first LNG deliveries to the Asia-Pacific region.

U.S. forces intercepted Iranian ballistic missiles and drones aimed at neighboring Middle East countries and struck a command center in the Islamic Republic in response - the latest flare-up to test a fragile ceasefire.

Princeton University's endowment is backtracking on its pledge to divest from publicly traded oil and gas companies.

Oil prices rose as doubts emerged over a US-Iran peace agreement.

Vantage Drilling said it has agreed to a takeover by Eldorado to create a more scalable offshore drilling platform.

The merger consolidates Tamboran's position in the Beetaloo Basin onshore Australia's Northern Territory into a leading 2.8 million net prospective acres.

Consultants and analysts gathered at OPEC's Vienna headquarters for a technical meeting on Monday.

North America added 28 rigs week on week, according to Baker Hughes' latest North America rotary rig count.

'This marks the first-ever commercial gas production operations on ACG, one of the world's largest oil-producing fields'.

'Globally, we track demand losses of 2.8 million barrels per day in March, 4.3 million barrels per day in April, and 5.6 million barrels per day in May', J.P. Morgan analysts said.

Despite Rosneft's stronger showing in the first three months of 2026, CEO Igor Sechin said the company may book impairments due to 'significant operational risks' including infrastructure attacks.

'We hear and read conflicting statements and headlines around the clock regarding negotiations between the United States and Iran to end this war', Samer Hasn, a Senior Market Analyst at XS.com, said.

The world's largest LNG buyer stepped up purchases ahead of peak summer demand, reversing a months-long decline following disruptions to Middle East supplies.