Industry News

Oil prices are 'holding firm' today 'as the market digests a sharp pullback from war-driven panic levels', Naeem Aslam, Chief Investment Officer at Zaye Capital Markets, said.

Pakistan's army chief landed in Tehran to a warm welcome from officials as he tries to help renew talks between the U.S. and Iran after the two sides failed to clinch a peace agreement in Islamabad.

Oil prices held steady as US inventory draws offset ongoing geopolitical uncertainty in the Middle East.

Bank of America Corp. saw its customers' spending on gas soar 16 percent in March.

'More than 40 percent of oil and gas operators indicated that their operations have been impacted by theft in the past year', the RRC noted.

Williams broke ground for the Trump-backed Northeast Supply Enhancement project, which will expand the Transco natural gas pipeline system with a capacity addition of 400,000 dekatherms per day.

Colombian power plants are preparing to ramp up liquefied natural gas imports ahead of an expected El Nino.

'Petrobras' operations in block C-M-477, in the Campos Basin, are aligned with the company's strategy to replenish oil and gas reserves through activities in frontier exploratory areas, in partnership with other companies'.

'Scatec and Equinor continue to be partners in the Apodi and Mendubim operating solar assets in Brazil'.

The U.S. Energy Information Administration increased its 2026 Brent oil price projection in its latest short term energy outlook.

BP expects the high-price environment to 'increase the dislocation between marker prices versus actual prices realized by BP in 1Q 2026 and increase the impact of price lags'.

SEB Commodities Analyst Ole R. Hvalbye issued an oil market warning.

The U.S. and Iran are looking to arrange a second round of peace talks in the coming days, with Tehran mulling a pause in shipments through the Strait of Hormuz to help ease the path toward an agreement on time and place.

While they mark the first direct talks between the two Middle Eastern countries in more than three decades, few officials expect an immediate positive outcome.

Italian Premier Giorgia Meloni said it was too early to consider tapping Russian gas.

Oil prices fell sharply as signs of renewed US-Iran talks reduced immediate supply fears.

Eni announced a 'significant' gas and condensate discovery offshore Egypt.

Oil futures dipped on the news.

Uniper and NGEN began construction for a 50-MW battery energy storage project on the site of Uniper's former coal power plant in Wilhelmshaven, Germany.

North America dropped 10 rigs week on week, according to Baker Hughes' latest North America rotary rig count.