Industry News

'The ramp up of new liquefaction facilities in North America, improved performance at existing plants and slower Asian imports of LNG have partially offset the impact of reduced supply from the Middle East'.

Italian oil company Eni SpA and commodity merchant Mercuria Energy Group Ltd. signed an agreement to join forces in trading.

BP PLC announced the retirement of newly appointed deputy chief executive Carol Howle and named 2 new executive vice presidents from within its ranks.

In a statement posted on his Truth Social page on Tuesday, U.S. President Donald J. Trump ordered U.S. gasoline retailers to cut their prices 'immediately'.

Standard Chartered Bank Energy Research Head Emily Ashford noted that oil's 'softening trend' had continued 'as the return of easy barrels outpaces demand recovery'.

The Vaca Muerta upstream assets are planned to supply feed gas to 2 floating liquefaction facilities with a combined capacity of 12 MMtpa.

U.S. negotiators Jared Kushner and Steve Witkoff had positive discussions with regional leaders in Qatar and technical talks with Iran are moving ahead, according to a senior administration official.

Oil prices fell as shipping through the Strait of Hormuz increased and traders anticipated a growing global supply surplus.

Morgan Stanley cut oil forecasts for the second time in about two weeks.

'Markets can price risk, but they can't price a tweet', one exploration and production company executive warned in the latest Dallas Fed Energy Survey.

NextDecade is offering a series of senior secured notes with a total principal amount of $3.5 billion to fund the under-construction Rio Grande LNG project in Brownsville, Texas.

India's state oil refiners are planning to reduce their reliance on the Middle East following the supply shock of the Iran war, according to people familiar with the matter.

Rigzone examines the Energy Institute's latest statistical review of world energy report, which was released recently.

'One would assume that a fair price today would be more like $80-90 per barrel than low $70s', SEB Chief Commodities Analyst Bjarne Schieldrop said.

'This direct award follows a five-year collaboration agreement signed in 2025 to deliver subsea projects utilizing TechnipFMC's integrated model and accelerate development through coordinated portfolio execution'.

Uniper agreed to buy 100 megawatts from the future Gennaker offshore wind farm on Germany's side of the Baltic Sea for an extendable 10 years.

Italy's Eni and Libya's NOC started up a compression project that improves natural gas recovery in the Bahr Essalam field off the Mediterranean coast of the North African country.

A top Iranian official reiterated the country's determination to maintain control over maritime traffic moving through the Strait of Hormuz, raising the stakes ahead of fresh negotiations with the U.S. on ending their war for good.

Russian President Vladimir Putin said fuel supply problems persist for motorists and businesses.

Crude climbed after the US and Iran signaled renewed diplomacy while investors monitored shipping through the Strait of Hormuz.