Industry News

Oil -tax proceeds dropped by more than 15 percent from a year earlier to $11.4 billion.

The business activity index remained in positive territory, the Federal Reserve Bank of Dallas said.

Oil prices tumbled over 6% as Trump's aggressive tariffs and a surprise OPEC+ supply boost rocked markets.

The $2.2 billion purchase includes NGL pipelines, fractionation facilities and distribution systems.

Dmitriev on Thursday confirmed he was in Washington for meetings with representatives of the U.S. administration.

'On completion, we will become Europe's second largest renewable fuel producer with an extensive distribution and storage network across major European markets'.

The group led by Saudi Arabia and Russia will add 411,000 barrels a day to the market next month, according to a statement posted on the OPEC website.

'It means that environmental groups can bring lawsuits against the Interior Department just because they don't agree with a certain aspect of their environmental impact statement', Ellen R. Wald, the President of Transversal Consulting, told Rigzone.

EIP injected about $230.42 million in additional capital into Plenitude, increasing its stake to 10 percent.

The field, part of 10 projects that BP aims to start up between 2025 and 2027, is expected to deliver about 250 MMscfd of gas at peak.

Crude oil stocks, not including the SPR, stood at 439.8 million barrels on March 28, the EIA showed in its latest weekly petroleum status report.

Here's a round-up of the initial impact of Wednesday's big announcement.

Papua New Guinea's national oil company expressed commitment to exploring and potentially commercializing previously deemed unviable gas resources in the country.

Buru executed a Strategic Development Agreement with Clean Energy Fuels Australia to co-develop the Rafael gas project.

The order came as security checks identified some violations.

Commodity trader Gunvor Group posted a 42 percent drop in profit in 2024.

Uncertainty over tariffs, sanctions, and OPEC output drove cautious gains in crude.

It appears that the May natural gas contract is looking to establish a new post-winter trading range into the shoulder season, Eli Rubin, an energy analyst at EBW Analytics Group, said.

Sempra intends to sell its gas distribution business in Mexico and a minority stake in its liquefied natural gas arm to support investment in the U.S.

The punishments would include a 500 percent tariff on imports from countries that buy Russian oil, petroleum products, natural gas or uranium, according to a draft of the bill seen by Bloomberg News.