Iberdrola to Invest $10B in Brazil through 2030
'The new plan almost doubles the 27.5 billion reais invested over the last five-year period (2021-2025) and ushers in a new phase of growth based on the expansion, modernization and digitalization of electricity infrastructure'.
Oil Traders Adding Back Supply Risk Premium
Traders are adding back a supply risk premium after U.S. President Donald Trump rejected Iran's peace response, Naeem Aslam, CIO at Zaye Capital Markets, said.
Ship Signals Erratic as Hormuz Tensions Escalate
Geolocation data for some ships in the Persian Gulf showed locations and speeds that defied logic, pointing to an increase in signal interference following fresh attacks by Iran on neighboring countries.
Aramco Raises Profit as Production Remains Stable despite Crisis
Aramco reported $33.59 billion in net income adjusted for nonrecurring items for the first quarter, up from the prior three-month period and Q1 2025 on higher oil prices and largely stable production.
Equinor Starts Gas Production at Eirin in Norwegian North Sea
The field supports Norway's capacity to export natural gas to Europe.
IEA Head Calls on Canada to Move Faster on Energy
The head of the International Energy Agency is urging Canada to move more quickly to develop and export its energy resources.
Ukraine Says It Hit 2 Major Refineries in Russia
Ukraine said it struck two major fuel-producing facilities and an oil pumping station in Russia.
Crude Settles Higher on Gulf Clashes
Markets remained volatile amid fresh Gulf clashes and uncertainty over Iran's response to a US peace proposal.
US Gives Iran Deadline on Peace Proposal
Iran has still given no indication whether it will accept Trump's plan.
Devon, Coterra Complete $58B Merger
Devon Energy Corporation and Coterra Energy Inc have completed their merger, a statement posted on Devon's website announced.
NY City Official Rallies Investors to Block ExxonMobil Move to Texas
The New York City comptroller, on behalf of a city pension fund investing in ExxonMobil, warned that the company has not guaranteed it would not adopt Texas legal provisions that would undermine shareholder participation in decisions.
Pakistan Shuns Spot LNG
Pakistan opted not to buy urgent cargoes of liquefied natural gas on the spot market, betting that hostilities which have closed the Strait of Hormuz will ease.
Bill Seeks Moratorium on US Oil Exports
A Democrat lawmaker introduced a legislative proposal to keep domestic crude and refined oil products within the U.S. during the war with Iran, in a bid to hold down pump prices.
USGS Sees 340+ Tcf of Recoverable Gas in Bossier Formation
'We have assessed there are significant undiscovered resources in the Bossier Formation', USGS Director Ned Mamula said.
Brent Oil Price Futures Understating Physical Market Stress
Brent futures are understating physical market stress, analysts at BMI, a unit of Fitch Solutions, said.
EU Awards $1.3B in Subsidies for Cleaner Hydrogen Production
'Across seven countries in the European Economic Area, the projects are expected to provide almost 1.1 gigawatts of electrolyzer capacity and produce over 1.3 million tonnes of hydrogen over their first 10 years of operation'.
US, Iran Engage in Fresh Clashes Near Hormuz
The clashes risk undermining talks over a U.S.-proposed deal to end the war.
Adnoc LNG Tankers Go Dark to Get Gas Through Hormuz
Abu Dhabi National Oil Co. has managed to keep a trickle of liquefied natural gas exports moving through the Strait of Hormuz by concealing tanker locations.
Oil Swings on Iran Deal Doubts
Energy markets remained volatile amid ongoing US-Iran tensions.
Murphy Oil Avoids Gambling on Current Volatility
'During these uncertain times, our strategy is to stay anchored to what we control - disciplined capital allocation, safe and reliable operations and our long-cycle projects'.
