USA Crude Oil Stocks Drop Week on Week
Crude oil stocks, not including the SPR, stood at 424.1 million barrels on September 4, the EIA's latest weekly petroleum status report showed.
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Energy M&A
Energy mergers, acquisitions, divestitures, and asset transactions impacting the oil and gas industry.
Norway Sees 'Strong Confidence' in New Discoveries Potential
The Norwegian Energy Ministry received applications from 21 companies including international majors for the country's expanded exploration licensing round.
Read MessageIEA Slashes Oil Demand View
The International Energy Agency cut forecasts for oil demand this year and warned consumption may decline further in the coming months.
Read MessageUSA Diesel Hits $6 Per Gallon for First Time Ever
'It is a level diesel has never reached', GasBuddy said.
Read MessageIEA warns global oil refining system ‘stretched to the limit’ as Iran, Ukraine wars tighten market
The energy agency warned shrinking inventories and strained refineries could further tighten markets.
Read MessageOil prices fall sharply after double-digit weekly gains above $100
The decline snapped multi-day winning streaks for both Brent and WTI crude oil futures.
Read MessageWhat if the Assumptions Embedded in the Oil Curve Are Wrong?
What if the assumptions embedded in the oil curve are wrong - J.P. Morgan analysts, including Natasha Kaneva, J.P. Morgan's Head of Global Commodities Strategy, ask.
Read MessageSaipem Signs New Preliminary Contract for Rovuma LNG
A consortium of Belgium's Jan De Nul and Italy's Saipem signed a letter of intent with ExxonMobil for the upstream infrastructure of the planned Rovuma LNG project in Mozambique.
Read MessageIran-backed Houthis seize key port in Yemen, advance on another vital oil choke point
The advance raises the threat to shipping near the Bab el-Mandeb Strait, a waterway that connects the Red Sea to the Gulf of Aden to global markets.
Read MessageGulf States Mull Hormuz Talks with Iran
Oman is aiming to get foreign ministers from the Gulf Cooperation Council and Iran together, according to a person familiar with the matter.
Read MessageTrump says he has no regrets about starting the Iran war as U.S. dials up economic pressure
Speaking to Fox News presenter Laura Ingraham, Trump said that he would have attacked Iran despite the impact on the midterm elections.
Read MessageAfreximbank targets new Angola oil and gas investment after nearly $2 billion deployed
Afreximbank is exploring new financing opportunities across Angola’s oil and gas sector after investing nearly $2 billion in the industry, with a focus on expanding local ownership and participation.
Read MessageRussia's Crude Output Fell in August
Russia's production of crude oil shrank in August.
Read MessageOil Soars as Hormuz Risks Rattle Markets
Brent surged more than 6% to $107.63 as escalating Middle East tensions heightened global supply concerns.
Read MessageShell reshapes U.S. power portfolio with gas plant acquisition, $715 million sale
Shell will acquire 169 MW of natural gas-fired power generation in Pennsylvania while selling its interests in the 609-MW RISEC gas-fired power plant to Constellation Energy for $715 million.
Read MessageMoxa EDR-8010 secure router targets industrial network cybersecurity
Neutron Inc. has introduced the Moxa EDR-8010 industrial secure router, integrating firewall, VPN, NAT, Layer 3 routing and managed switching for secure industrial networks.
Read MessageEnbridge to Acquire Tallgrass Pipelines for $2.55B
The acquisition includes a 75 percent stake in the Pony Express Pipeline, which carries up to about 460,000 barrels per day of Rockies production to Cushing, Oklahoma.
Read MessageU.S. crude oil production on track for record 13.8 MMbpd in 2026, EIA says
U.S. crude oil production is forecast to reach a record 13.8 MMbpd in 2026 as higher oil prices support Permian drilling and new Gulf of America projects boost offshore output, according to EIA.
Read MessageNextEra Energy Seals $1.9B DOE Loan to Restart Iowa Nuclear Plant
The Trump administration has now financed three nuclear power plant restarts.
Read MessageTwo Historic USA Fuel Records Fall
Two 'historic' fuel records fell recently, a blog posted on GasBuddy's website on Tuesday outlined.
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