Brent Pulls Back From $100
Crude declined after reports on US-Iran diplomacy and continued Red Sea oil flows reduced immediate supply concerns.
SLB Climbs Most in 6 Months
SLB, the world's biggest oil field services provider, rose the most in more than six months.
SLB Sees Growth Broadening Beyond Mideast
The company, which helps clients drill oil wells and map underground pockets of crude, said the conflict is encouraging customers to spread investment across more regions.
USA Crude Oil Stocks Rise Week on Week
Crude oil stocks, not including the SPR, stood at 411.7 million barrels on July 17, the EIA's latest weekly petroleum status report showed.
Santos Narrows 2026 Production Forecast
The Australian company narrowed its output guidance for the year from 101-111 million barrels of oil equivalent to 99-105 MMboe, despite ramp-up at the Barossa and Pikka oil and gas projects.
Overseas Buyers In Hot Pursuit of USA Crude
U.S. crude is drawing overseas interest from Asian and European refiners.
Novatek Posts Higher H1 Revenue
However, adjusted net profit for January-June 2026 fell nine percent year-on-year to RUB 216.49 billion.
Analysts Map 4 Potential USA-Iran Conflict Scenarios
Rystad Energy mapped four potential U.S.-Iran conflict scenarios to assess their impact on oil prices.
Aphrodite Group Secures MOU for Sale of Cypriot Gas to Egypt
The Chevron-led Aphrodite consortium, Cyprus Hydrocarbons and Egyptian Natural Gas signed a memorandum of understanding to enable the piped export of 100 percent of production from the Aphrodite field to Egypt.
OEUK Hails 'Constructive Meeting' with New Energy Sec
Offshore Energies UK announced that its CEO, David Whitehouse, had a 'constructive meeting' with the UK's new Secretary of State for Energy.
China Snaps Up Russian Oil as Mideast Risks Mount
Chinese buyers are snapping up Russia's flagship ESPO crude weeks earlier than usual, as heightened risks to Middle East oil flows prompt refiners to secure supplies before they're needed.
Matador Buys Permian Assets for $1.3B
Matador Resources Co. agreed to buy Permian Basin assets from EnCap Investments LP for about $1.3 billion in cash.
Oil Surges Above $100
Oil climbed above $100 a barrel after Houthi attacks on Saudi tankers heightened fears of broader supply disruptions.
Magnolia to Buy WildFire in $4B Deal
'The transaction supports and reinforces Magnolia's business model' Magnolia said.
Eni Starts Producing Gas Power at Kazakhstan Hybrid Project
'This milestone marks another major step in the development of Kazakhstan's first large-scale hybrid power plant, integrating solar, gas and future wind generation to ensure decarbonized and reliable electricity supply to KazMunayGas subsidiaries'.
QatarEnergy Prepares to Extend LNG Force Majeure
QatarEnergy is preparing to further extend force majeure on liquefied natural gas shipments through mid-October, according to people with knowledge of the matter.
Equinor Makes New Oil Discovery Near Johan Castberg
Equinor and its partners made a new oil discovery that they are now considering developing via existing infrastructure in the Johan Castberg field on Norway's side of the Barents Sea.
Repsol Sees Surge in Profit
Repsol reported EUR 1.84 billion in adjusted net income for the second quarter, up 207 percent year-on-year due to a spike in oil prices.
Oil Rockets Towards $100
Oil is rocketing towards $100 per barrel, adding more than $14 per barrel in just a week.
TotalEnergies Maintains Increased Dividend Rate
TotalEnergies announced a dividend of EUR 0.9 per share for the second quarter, up 5.9 percent from the same three-month period last year, and a new share buyback program of up to $1.5 billion for Q3, as higher oil prices continue to lift earnings.
