The latest oil and gas news from around the world.
Updated: 21 min 56 sec ago
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.
Why Is the Oil Price Rising Today?
Why is the oil price rising on Monday?
TotalEnergies Seeks Approval for France's Biggest RE Project
TotalEnergies filed for government authorization for a EUR 4.5-billion 1.5-gigawatt wind farm off the coast of Normandy.
Fresh Clashes as Iran, US Trade Truce Terms
U.S. President Donald Trump said talks with Iran over an interim peace deal will 'work out well,' even as the countries' forces clashed again near the Strait of Hormuz.
Mitsui Eyes LNG Expansion as Data Centers Drive Power Demand
Mitsui is looking to invest in liquefied natural gas projects across the Middle East, the U.S. and Australia, its CEO said.
Kretinsky Sees Potential to Boost TotalEnergies Stake
'Given that we currently own a stake of less than 5 percent, if we felt the need to further diversify, we could continue increasing our stake in Total'.
Oil Settles at Six-Week Low
Traders bet the Strait of Hormuz could reopen as truce negotiations continue.
Reform UK Deputy Tells Industry North Sea Drilling Is Priority
Reform UK Deputy Leader Richard Tice told energy giants his poll-leading party would focus on cutting bills rather than investing in green energy if it wins the next general election.
