The latest oil and gas news from around the world.
Updated: 9 min 30 sec ago
DNO Plans to Pursue Genel Offer despite Rejection
The Norwegian company revealed it had made a rejected acquisition proposal to Britain's Genel but said it remains willing to pursue negotiations with the latter's board.
JPM Now Expects Fed to Hike Rates in December
What does this mean for oil?
China Monthly Crude Imports Rebound
China's crude oil imports rebounded last month from a near-decade low, after flows through the Strait of Hormuz picked up and refiners boosted purchases from nations outside the Middle East including Russia.
Oil Rises as Iran Deal Optimism Fades
Oil rose as doubts grew that an Iran-Oman deal would quickly restore normal shipping through the Strait of Hormuz.
Ukraine Says It Hit 2 Russian Oil Refineries Overnight
Ukraine struck two of Russia's oil refineries overnight.
Aramco Flags 'Historical Supply Constraints'
Aramco revealed that it achieved total hydrocarbon production of 9.5 million barrels of oil equivalent per day in the second quarter 'despite historical supply constraints'.
Saudis Cut Key Oil Price Again
Saudi Arabia cut its main crude oil price as some Persian Gulf producers continue to send barrels through the Strait of Hormuz.
How Did USA Upstream M&A Activity Look in 2Q 2026?
Enverus Intelligence Research announced that U.S. upstream merger and acquisition activity slowed in the second quarter.
Phillips 66 Profit Soars
Phillips 66 posted increases in refining margins, plant utilization and natural gas liquids pipeline and fractionation volumes.
What Has Been the One Constant Through Hormuz Turmoil?
There has been one constant through it all, the S&P Global Energy Crude Oil Markets team outlined.
Occidental Beats Expectations for Q2
Occidental reported $2.4 billion in net profit adjusted for nonrecurring items for the second quarter, up from $1.1 billion for the prior three-month period on higher oil prices.
Philippines to Launch RE Auction for Off-Grid Islands
The Department of Energy expects to launch a Green Energy Auction next year to migrate off-grid island communities from diesel power to solar power supported with battery energy storage.
UAE Bucks Risks to Lead Hormuz Oil Shipping
The United Arab Emirates has moved more oil through the Strait of Hormuz than any other producer over the past two months, providing a much-needed buffer for global markets reeling from a historic energy crisis.
Dozens of Idling Iranian Tankers Show USA Blockade Is Working
A growing flotilla of Iranian oil tankers is gathering off the country's coast.
Oil Extends Losses on Hormuz Talks
Oil fell for a third day as optimism over a potential Strait of Hormuz shipping agreement outweighed ongoing geopolitical risks.
Texas Oil Regulator, Uni Team Up for Inspector Training
'The new program represents a major advancement for the RRC', the Texas oil regulator stated.
Wright Says Fuel Shipping Waiver Extension 'Quite Likely'
'I think another temporary extension of the Jones Act waivers are quite likely to happen', Energy Secretary Chris Wright said during a media briefing at the Port of Brownsville in Texas.
Coastal Bend LNG Enters Permitting Phase
Coastal Bend LNG requested the U.S. Federal Energy Regulatory Commission to begin a pre-filing review of the Texas project.
ADNOC Deploys AI-Powered Rig Operations Center
ADNOC put into service a Real-Time Operations Center powered by artificial intelligence, streamlining management for over 120 onshore and offshore rigs.
Strategists Expect USA Crude Build in Next EIA Report
Macquarie strategists revealed that they are forecasting that U.S. crude inventories will be up for the week ending July 31.
