Industry News

'I do not agree with those who say we should 'turn off the taps' overnight', UK Energy Secretary Ed Miliband said.

Traffic through the strait ground to a halt after Iran fired on commercial ships and said it had seized at least two vessels - a first in nearly eight weeks of war.

Iranian gunboats fired on commercial ships in the Strait of Hormuz while the U.S. intercepted two of the Islamic Republic's oil tankers.

Iranian gunboats fired on commercial ships in the Strait of Hormuz on Wednesday as Tehran maintained its grip on the vital energy channel.

Traders reacted to geopolitical risk and falling US inventories, pushing Brent above $101.

U.S. President Donald Trump indefinitely extended a ceasefire with Iran after the two sides failed to meet for more peace talks, with the war developing into a game of brinkmanship over the critical Strait of Hormuz.

Saipem reported around $92 million in net income for the first quarter, up 1.3 percent from the same three-month period last year, with 'improvements' in both onshore and offshore engineering and construction works.

Turkey will use its role as host of this year's COP31 climate summit to boost clean energy adoption, according to the event's incoming president.

'The extension of the Iran ceasefire has reduced immediate escalation risk', Naeem Aslam, CIO at Zaye Capital Markets, said.

The Federal Court of Australia ended proceedings in a case filed by Greenpeace Australia Pacific accusing Woodside of inaccurate climate reporting, after a settlement agreement.

Norway produced about 12 billion cubic feet a day of natural gas in March, down month-on-month and year-on-year, according to preliminary official figures.

Macquarie strategists revealed that they are forecasting that U.S. crude inventories will be up for the week ending April 17.

The job comes with an annual salary of GBP 172,644 ($233,318), according to the job description.

Viva Energy expects to raise the production level for transportation fuels at its fire-hit Geelong Refinery in the Australian state of Victoria to over 90 percent of capacity in a 'few weeks'.

The U.S. president indefinitely extended a ceasefire with Iran just before its expiration, while maintaining a naval blockade of the Strait of Hormuz after planned peace talks between the two sides fell apart.

Oil surged and swung on ceasefire uncertainty and Hormuz blockade disrupted expectations.

Halliburton Co. said it sees signs of a resurgence in oilfield activity in North America.

The U.S. is still in the dark on whether Iran will take part in fresh talks to end the war before a ceasefire expires on Wednesday, with the sides deadlocked on issues including access to the Strait of Hormuz.

'Strong market interest validates the role this project can play in improving supply flexibility and reliability for West Coast markets'.

Texas upstream employment has continued its downward trend, industry body TIPRO noted.