Industry News

The U.S. Energy Information Administration revealed its latest oil price forecasts in its May short term energy outlook.

Rigzone talks to oil and gas analysts from Standard Chartered, Wood Mackenzie, and the American Enterprise Institute.

The Davy field restarted gas flows at about 14 million cubic feet a day five years after shut-in.

Vitol is offering Iraqi Basrah crude to customers, people with knowledge of the matter said, in a sign that some shipments may have successfully made it out of the Persian Gulf.

Cuba said the country has completely run out of the diesel and fuel oil it needs to keep its power plants running.

Cuba said the country has completely run out of the diesel and fuel oil it needs to keep its power plants running.

Oil prices steadied as Trump and Xi discussed Iran and energy trade.

Key OPEC+ members aim to continue a series of oil quota increases over the next few months, delegates said.

Crude oil stocks, not including the SPR, stood at 452.9 million barrels on May 8, according to the EIA's latest weekly petroleum status report.

Revenue collected under the Iran War Oil Crisis Windfall Profits Tax Act would be released back to households to offset increases in their energy and transport costs.

J.P. Morgan warned that Brent could average as much as $151 per barrel in the fourth quarter of this year if the Strait of Hormuz reopens on September 1.

Meren, a Canadian company producing in Nigeria, saw its financial losses deepen for the first quarter as the elevated oil price environment induced by the Middle East war resulted in a hedging charge of $37.2 million.

'My Ministers believe that energy independence must be a long-term goal of national security', King Charles said in the 2026 King's Speech.

The Japanese refiner agreed to purchase some of Chevron's refining and retail assets across the Asia-Pacific for $2.17 billion.

The MoU with state-owned EGAS covers a 'large area' off the north-western coast of Egypt.

The Spanish power and gas utility said it now has about 450 MW of installed renewable energy capacity in Italy, part of an expansion in markets it deems to have a stable regulatory.

Senegal's state-owned oil company said the Yakaar-Teranga gas discovery will cost $7.5 billion to develop.

US inventory data eased supply fears, helping push crude lower after a recent rally.

Saudi Aramco is considering plans to raise billions of dollars from its real estate assets.

The oil and gas giant fought off calls by the New York City Comptroller's Office and proxy advisory firm Glass Lewis for shareholders to vote down the proposal.