The latest oil and gas news from around the world.
Updated: 27 min 48 sec ago
Iran Sets Out Process for Hormuz Transit, Shipowners Wary
Iran has laid out an updated process for ships seeking to transit Hormuz, but several shipowners said they remained cautious about sending their vessels through until there are more details.
Shipowners Stay Cautious on Hormuz Despite Peace Deal Hopes
Shipping companies are taking a cautious approach to sending vessels through the Strait of Hormuz.
ADB Targets $70B for Asian Power Grid Integration, Data Centers
The multilateral lender aims to mobilize $50 billion in financing to help Asia-Pacific countries build cross-border electricity grids and an additional $20 billion to support data center growth in the region.
Gas Trading Boosts Equinor Profit
Equinor optimized piped gas trading in Europe and gas trading in North America to capture volatility.
Macquarie Strategists Expect Another USA Crude Inventory Draw
Macquarie strategists, including Walt Chancellor, outlined that they expect another U.S. crude inventory draw 'amidst elevated exports'.
Australia to Build Up 1B-Liter Fuel Reserve
Australia will establish a government-owned reserve of about 1 billion liters of diesel and aviation fuel.
Trump Pauses Project Freedom for 'Short Period'
'Project Freedom (The Movement of Ships through the Strait of Hormuz) will be paused for a short period of time', U.S. President Donald Trump said.
US Pauses Plan to Aid Ships through Hormuz while Seeking Deal
Trump said he would pause an effort to help stranded ships exit the Strait of Hormuz to see if the U.S. can reach an agreement with Iran to end the war.
Lagarde Urges Europe to Reduce Energy Import Dependency
European Central Bank President Christine Lagarde said soaring energy costs due to the Iran war should act as a wake-up call for Europe.
Oil Falls as Ceasefire Holds
Crude markets entered relief mode as tensions failed to escalate further.
USA Says Iran Ceasefire Still in Place
The U.S. played down the prospect of a return to active war with Iran.
ConocoPhillips Beats Profit Estimates for Q1
By year-on-year comparison, lower costs softened the impact of lower volumes and lower Permian gas prices.
UAE Was in a Unique Position in OPEC+
The United Arab Emirates was in a unique position in OPEC+, according to James Davis, who leads FGE's Short-Term service and crude oil production forecasting.
Transocean Posts Higher Q1 Revenue
'We continue to believe that we are in the early days of a multi-year upcycle with increasing demand for offshore exploration and development drilling services'.
Gasoline Prices Jump Across All 50 States
Gasoline prices have jumped across all 50 states, GasBuddy noted.
