Industry News

Oil prices climbed as fears grew that the Iran ceasefire could collapse and keep the Strait of Hormuz disrupted.

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

Higher earnings from gas operations partially offset a decline in liquids pipelines.

Indian state refiners are expecting a modest increase in retail fuel prices within days.

'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'.

'The conflict in Iran is a clear reminder of the world's reliance on Texas oil and gas', RRC Commissioner Wayne Christian said.

'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'.

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.

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 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.

The field supports Norway's capacity to export natural gas to Europe.

The head of the International Energy Agency is urging Canada to move more quickly to develop and export its energy resources.

Ukraine said it struck two major fuel-producing facilities and an oil pumping station in Russia.

Markets remained volatile amid fresh Gulf clashes and uncertainty over Iran's response to a US peace proposal.

Iran has still given no indication whether it will accept Trump's plan.

Devon Energy Corporation and Coterra Energy Inc have completed their merger, a statement posted on Devon's website announced.

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.

Pakistan opted not to buy urgent cargoes of liquefied natural gas on the spot market, betting that hostilities which have closed the Strait of Hormuz will ease.

A Democrat lawmaker introduced a legislative proposal to keep domestic crude and refined oil products within the U.S. during the war with Iran, in a bid to hold down pump prices.