Oil Prices Tumble as Crucial U.S.-Iran Talks Begin

Oil prices fell by about 2% early on Thursday as the crucial U.S.-Iran talks began in Geneva in what analysts see as one last attempt to reach a nuclear deal…

Angola’s State Oil Firm Looks to Tap into Critical Minerals

Sonangol is seeking stakes and footprints in the development of critical minerals domestically, Sebastiao Gaspar Martins, the chief executive of Angola’s state-held oil company, has said.  Sonangol on Wednesday reported…

Eni’s Oil and Gas Production Jumps 7% with Six New Projects

Eni’s oil and gas production rose by 7% in the fourth quarter from a year earlier as the Italian energy major started up six major new projects in 2025.  Fourth-quarter…

Oil Drops More Than 1% on US Stockpiles, With US-Iran Talks Also in Focus

Summary US oil stockpiles rise by the most in three years US-Iran nuclear talks seek to avert military conflict Saudi Arabia boosts oil output (Reuters) – Oil prices fell on…

$5 Billion Pipeline Deal Could Be Coming to the Gulf Coast

Texas-based EnCap Flatrock Midstream is considering a sale of gas pipeline operator Momentum Midstream in a deal that could fetch $5 billion. According to a Bloomberg report citing unnamed sources,…

Iran Rushes to Ship Oil Ahead of Possible U.S. Strike

Iran has tripled the rate of loading tankers in recent days as Tehran rushes to get its oil out of the Gulf ahead of potential further escalation of the tensions…

Russia to Tighten Budget Fiscal Rule as Oil and Gas Revenues Plunge

The Russian government is considering lowering the oil price level above which it sends the proceeds to its wealth fund as the Kremlin’s oil and gas revenues are plummeting with…