How investors could benefit from Costco building its first standalone gas station
The added convenience and visible gas savings could "attract new members" to Costco and retain the ones it has, Jim Cramer says.
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Energy M&A
Energy mergers, acquisitions, divestitures, and asset transactions impacting the oil and gas industry.
Middle East crude oil tanker rates reached a multi-decade high in March
In March 2026, tanker rates for Very Large Crude Carriers (VLCCs) leaving the Middle East to Asia were the highest since at least November 2005, when data were first recorded. The price increase followed Iran's closure of the Strait of Hormuz on March 2.
Read MessageInterior’s Burgum sees U.S. energy agenda proceeding as planned
At CERAWeek, Interior Secretary Doug Burgum reinforced the Trump administration’s “energy dominance” agenda, emphasizing faster permitting, expanded domestic production and stronger global energy alliances as geopolitical tensions reshape supply dynamics.
Read MessageWhat Does the Oil Futures Curve Show?
Rigzone talks to several analysts.
Read MessageCNOOC Ltd Achieves New Production Record
CNOOC Ltd, majority-owned by China National Offshore Oil Corp, reported 777.3 million barrels of oil equivalent, or 2.13 MMboe a day, in net production last year.
Read MessageRystad Issues Oil Warning
'The floor has moved up, so has the ceiling', Rystad Energy said.
Read Message2 Danish Wind Projects Get European Commission Approval for $5.8B State Aid
'The combined annual production of these two wind farms will represent the equivalent of around 25 percent of last year's total electricity production in Denmark'.
Read MessageIran plans to charge ships for safe passage through Strait of Hormuz, report says
Officials in Tehran have drafted legislation to create a toll system where ships pay for safe passage through the waterway, Iranian media reported.
Read MessagePhilippines Takes Delivery of Russian Oil after US Waiver
Philippine refiner Petron received a shipment of Russian oil, according to its chief executive, after the U.S. issued a waiver allowing the purchase of the crude.
Read MessageThe oil market is in 'backwardation' — Here’s what that means for energy prices
Oil prices have been rocked by volatility since the U.S.-Iran war began.
Read MessageOil prices rise as Iran rejects direct U.S. talks despite proposal review
Oil prices rose after Iran signaled it had no intention of holding direct talks with the United States.
Read MessageCERAWeek Day 3: EPA’s Zeldin announces fuel waiver to improve U.S. gasoline supply
At a press briefing during Wednesday morning at CERAWeek by S&P Global 2026, U.S. EPA Administrator Lee Zeldin announced a nationwide fuel waiver as a means of ensuring that Americans have stable, plentiful gasoline supplies. The waiver is set to take effect on May 1.
Read MessageSLB, NVIDIA expand partnership to deploy AI infrastructure for energy industry
SLB and NVIDIA are expanding their collaboration to develop AI infrastructure, modular data centers and domain-specific models aimed at scaling digital and operational performance across the energy industry.
Read MessageCrude Falls as Iran Talks Confuse Market
Traders pulled back amid volatile swings tied to conflicting war and diplomacy developments.
Read MessageChevron Warns California Risks Energy Crisis Due to Iran War
Chevron Corp. is warning that California is careening toward an energy crisis because of the Iran war.
Read MessageSierra Leone promotes offshore licensing, upstream potential at Paris energy forum
Sierra Leone is promoting its offshore oil and gas potential to investors ahead of a new licensing round, highlighting deepwater exploration opportunities and growing interest in West Africa’s emerging upstream sector.
Read MessagePetrobras awards Foresea long-term drillship contract for Mero field offshore Brazil
Foresea has secured a $465 million contract from Petrobras to operate the ultra-deepwater drillship ODN I offshore Brazil, supporting development activity in the Mero field.
Read MessageSaudi Arabia ramps Yanbu exports toward 5 MMbpd as Hormuz disruption forces rerouting
Saudi Arabia is ramping crude exports from its Yanbu terminals on the Red Sea, targeting 5 MMbpd as it diverts flows away from the disrupted Strait of Hormuz using the East-West pipeline.
Read MessageNigeria fast-tracks permits to revive idle oil wells, boost production
Nigeria is fast-tracking permits to revive idle oil wells, cutting approval times to hours as operators move to boost production and capitalize on stronger crude prices.
Read MessageConocoPhillips CEO warns supply losses, infrastructure gaps will drive higher oil prices
“You just can’t take 8-to-10 MMbpd off the market, and 20% of LNG supply, and not expect instability,” ConocoPhillips Chairman and CEO Ryan Lance said on Tuesday at CERAWeek by S&P Global, underscoring the scale of the current supply shock hitting global energy markets.
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