The latest oil and gas news from around the world.
Updated: 26 min 18 sec ago
ADNOC Gas Logs Lower Profit as War Hits Deliveries
ADNOC Gas reported $1.08 billion in net income for the first quarter, down 15 percent compared to the same three-month period last year due to export disruptions and lower domestic demand.
China LNG Imports Signal Recovery
The 30-day moving average for LNG imports has increased to the highest level since late February, according to ship-tracking data compiled by Bloomberg.
Oil Jumps as Hormuz Crisis Deepens
Oil prices climbed as fears grew that the Iran ceasefire could collapse and keep the Strait of Hormuz disrupted.
China Confirms Xi-Trump Summit
Trump, who last visited China in 2017, will meet Xi Jinping in a much-anticipated summit that's already been rescheduled once due to the war.
North America Adds Rigs Again
North America added two rigs week on week, according to Baker Hughes' latest North America rotary rig count.
Enbridge Beats Profit Estimates
Higher earnings from gas operations partially offset a decline in liquids pipelines.
India State Refiners Eye Modest Fuel Price Hike
Indian state refiners are expecting a modest increase in retail fuel prices within days.
Perenco Raises Oil Production Capacity in Congo-Brazzaville
'Following the positive results from the Tchibouela East campaign, Perenco Congo has now started a new five-well drilling campaign on the Masseko field, designed to increase production from the field as well as testing a new geological horizon'.
Texas Oil Regulator Praises Record Port Activity, Rising Output
'The conflict in Iran is a clear reminder of the world's reliance on Texas oil and gas', RRC Commissioner Wayne Christian said.
Iberdrola to Invest $10B in Brazil through 2030
'The new plan almost doubles the 27.5 billion reais invested over the last five-year period (2021-2025) and ushers in a new phase of growth based on the expansion, modernization and digitalization of electricity infrastructure'.
Oil Traders Adding Back Supply Risk Premium
Traders are adding back a supply risk premium after U.S. President Donald Trump rejected Iran's peace response, Naeem Aslam, CIO at Zaye Capital Markets, said.
Ship Signals Erratic as Hormuz Tensions Escalate
Geolocation data for some ships in the Persian Gulf showed locations and speeds that defied logic, pointing to an increase in signal interference following fresh attacks by Iran on neighboring countries.
Aramco Raises Profit as Production Remains Stable despite Crisis
Aramco reported $33.59 billion in net income adjusted for nonrecurring items for the first quarter, up from the prior three-month period and Q1 2025 on higher oil prices and largely stable production.
Equinor Starts Gas Production at Eirin in Norwegian North Sea
The field supports Norway's capacity to export natural gas to Europe.
IEA Head Calls on Canada to Move Faster on Energy
The head of the International Energy Agency is urging Canada to move more quickly to develop and export its energy resources.
Ukraine Says It Hit 2 Major Refineries in Russia
Ukraine said it struck two major fuel-producing facilities and an oil pumping station in Russia.
Crude Settles Higher on Gulf Clashes
Markets remained volatile amid fresh Gulf clashes and uncertainty over Iran's response to a US peace proposal.
US Gives Iran Deadline on Peace Proposal
Iran has still given no indication whether it will accept Trump's plan.
Devon, Coterra Complete $58B Merger
Devon Energy Corporation and Coterra Energy Inc have completed their merger, a statement posted on Devon's website announced.
NY City Official Rallies Investors to Block ExxonMobil Move to Texas
The New York City comptroller, on behalf of a city pension fund investing in ExxonMobil, warned that the company has not guaranteed it would not adopt Texas legal provisions that would undermine shareholder participation in decisions.
