Industry News

The U.S. and Iran said they reached an interim agreement to reopen the Strait of Hormuz, halting a war that killed thousands of people and setting the stage for 60 days of negotiations on the fate of Tehran's nuclear program.

Shell is preparing to launch a sale of its offshore wind farms in the oil major's latest move away from renewable energy to focus on its higher-returning fossil fuel business.

ExxonMobil has been holding early-stage discussions internally, according to people with knowledge of the matter.

Oil prices fell sharply as hopes grew for a Hormuz reopening agreement between the US and Iran.

The U.S. and Iran moved closer to an interim peace agreement meant to reopen the Strait of Hormuz.

'The acquisition of Savant secures control of strategic infrastructure adjacent to our eastern North Slope acreage, enhancing our ability to execute our planned drilling program efficiently'.

Aker BP and its partners in the Johan Sverdrup Unit on Norway's side of the North Sea completed a redetermination that entitles Aker BP to 2.2 million barrels of oil equivalent over the next 2 years due to its ownership increasing to 31.7163 percent.

The partnership covers assets valued around $983 million including 705 megawatts of operational capacity.

The Ukrainian state-owned company won 12-year rights to regasify at the liquefied natural gas terminal in Klaipeda, Lithuania.

Russian producers pumped an average of 9.009 million barrels a day of crude in May, according to OPEC.

The U.S. president pulled back threatened military strikes against Iran, a stark reversal that came just hours after he vowed to hit the Islamic Republic 'VERY HARD' and threatened to seize its oil infrastructure.

Oil fell sharply after Trump signaled progress toward a potential peace deal with Iran.

The boss of Greece's Atlantic SEE LNG Trade said it's becoming more difficult to secure long-term liquefied natural gas deals with U.S. suppliers.

In a blog posted on its website on Monday, GasBuddy highlighted that U.S. gasoline prices had fallen for four straight weeks but warned that 'the streak may be in danger'.

Nigerian tycoon Aliko Dangote's refinery unit is seeking to raise as much as $1 billion through a private sale of debt, people with knowledge of the plan said.

'We've had one particular discussion with a proponent, actually a Fortune 500 company, in very general terms about financing the entire project and building the entire project', Alberta's energy minister Brian Jean said.

Crude oil stocks, not including the SPR, stood at 426.5 million barrels on June 5, the EIA's latest weekly petroleum status report showed.

Rystad Energy estimated that if U.S.-Iran 'hostilities were to resume in earnest', oil prices could 'move towards $150 per barrel'.

The U.S. military launched strikes against 'multiple' targets in Iran for the second straight day.

Oil prices rose after Trump warned Iran of further US attacks.