Industry News

EDF bagged a 12-year deal to deliver nuclear electricity to TotalEnergies's refining and chemical sites in France.

'The conflict is no longer concentrated in the Persian Gulf and around the Strait of Hormuz', J.P. Morgan analysts warned.

OMV and ADNOC named NOVA Chemicals resident and chief executive Roger Kearns as CEO of Borouge Group International, set for launch this March as a consolidation of ADNOC and OMV's polyolefins businesses.

The decrease was due to lower refined oil products output and overseas gas production, as well as declines in realized prizes for crude, refined products and polyethylene.

The U.S. president said Iran 'gave' the U.S. most of the 15 demands it issued to Tehran to end the war, even as it remains unclear whether either side is negotiating.

The expected delay is 'due to construction issues at the third-party feedstock supply facility'.

A Greek shipowner sent another oil tanker outbound through the Strait of Hormuz.

The United Arab Emirates has been ramping up oil exports from a vital port that lies outside the Strait of Hormuz.

Brent and WTI rallied sharply with traders pricing in prolonged conflict and supply risk.

Executives from oil and gas firms have revealed where they expect the WTI crude oil price to be at various points in the future in the first quarter Dallas Fed Energy Survey.

Treasury Secretary Scott Bessent said a U.S. insurance program meant to boost shipping through the Strait of Hormuz will begin soon.

Crude oil stocks, not including the SPR, stood at 456.2 million barrels on March 20, the EIA's latest weekly petroleum status report showed.

'This partnership is not merely a technical agreement but rather a message of confidence in the Libyan investment environment and evidence of the return of major companies to work and explore promising opportunities in our country'.

'The marked escalation in the U.S.-Iran conflict over the past week puts all energy assets and infrastructure in the region at risk', Standard Chartered Bank Energy Research Head Emily Ashford warned.

'The sale of this non-core subsidiary forms part of Iberdrola's active portfolio management strategy, which focuses on strengthening its core businesses and optimizing capital allocation'.

'The acquisition delivers a new operated hub for Serica in the West of Shetland basin with current net production of just over 5,000 boepd'.

India has announced a series of tax changes including a levy on fuel exports, as the country tries to shield consumers from the impact of a deepening conflict in the Middle East that has upended energy supply.

Iran has likely earned hundreds of millions of dollars of extra income from oil sales since the start of the war.

Oil surged as uncertainty over Iran talks and Strait of Hormuz disruptions intensified supply concerns.

The application follows the removal of the petroleum exploration ban late 2025, after which two exploration permit applications have progressed to government assessment.