Tensions Broil Again as Iran Hits US Mideast Allies
U.S. forces intercepted Iranian ballistic missiles and drones aimed at neighboring Middle East countries and struck a command center in the Islamic Republic in response - the latest flare-up to test a fragile ceasefire.
Princeton Endowment Backs Out of Oil, Gas Divestment Pledge
Princeton University's endowment is backtracking on its pledge to divest from publicly traded oil and gas companies.
Crude Gains as Peace Deal Doubts Grow
Oil prices rose as doubts emerged over a US-Iran peace agreement.
Eldorado to Acquire Vantage Drilling
Vantage Drilling said it has agreed to a takeover by Eldorado to create a more scalable offshore drilling platform.
Falcon Now under Tamboran
The merger consolidates Tamboran's position in the Beetaloo Basin onshore Australia's Northern Territory into a leading 2.8 million net prospective acres.
Analysts Tell OPEC+ Hormuz Disruption Will Last Through Year End
Consultants and analysts gathered at OPEC's Vienna headquarters for a technical meeting on Monday.
North America Adds 28 Rigs Week on Week
North America added 28 rigs week on week, according to Baker Hughes' latest North America rotary rig count.
BP Starts Production at Caspian Gas Project
'This marks the first-ever commercial gas production operations on ACG, one of the world's largest oil-producing fields'.
JP Morgan Sees Increasing Monthly Oil Demand Losses
'Globally, we track demand losses of 2.8 million barrels per day in March, 4.3 million barrels per day in April, and 5.6 million barrels per day in May', J.P. Morgan analysts said.
Rosneft Sees Increase in Profit on Higher Oil Prices
Despite Rosneft's stronger showing in the first three months of 2026, CEO Igor Sechin said the company may book impairments due to 'significant operational risks' including infrastructure attacks.
Analyst Flags Conflicting USA-Iran War Statements
'We hear and read conflicting statements and headlines around the clock regarding negotiations between the United States and Iran to end this war', Samer Hasn, a Senior Market Analyst at XS.com, said.
LNG Deliveries to China Rebound in May
The world's largest LNG buyer stepped up purchases ahead of peak summer demand, reversing a months-long decline following disruptions to Middle East supplies.
Crude Surges on Iran Tensions
Brent and WTI rallied after reports Iran may halt US negotiations.
France Boards Tanker Tied to Russian Oil Trade
France's navy boarded another oil tanker on the high seas after it sailed from Russia.
Netherlands Backs $1.2B Subsidy to Refill Gas Stocks
The Netherlands has approved a subsidy of as much as $1.2 billion for state-owned energy company EBN Capital BV to bolster the country's depleted gas reserves.
NOAA Predicts 2026 Atlantic Hurricane Activity
NOAA revealed that it is predicting a 'below normal' Atlantic hurricane season this year.
Equatorial Guinea Clears Europa Oil's Block Farm-Out to Chinese Firm
Europa Oil & Gas said it is moving closer to drilling the Barracuda prospect offshore Equatorial Guinea after the Central African country approved the entry of a new Chinese partner in the relevant license.
Eni, Seri Industrial Agree Integrated Battery Partnership in Italy
Eni and fellow Italian company Seri Industrial agreed to launch a partnership that spans the lithium iron phosphate battery value chain in the country.
Knutsen Revenue Down Quarter on Quarter
Knutsen said one of its vessels chartered to QatarEnergy has been temporarily idled within the Strait of Hormuz due to the war in the Middle East.
USA Oil Output Expected to Average 14MM Bpd in 2027
U.S. crude oil output has never averaged 14 million barrels per day or above annually, or even monthly, according to EIA figures.
