Iran Leans on Russia to Develop Oilfields

Iran and Russia are strengthening their economic and energy cooperation and consider joint development of another Iranian oilfield, top officials from the countries said on Wednesday.     Russian Energy Minister Sergei…

Chris Wright Says Venezuela Could Boost Output by “Several Hundred Thousand Bpd by Year‑End”

U.S. energy secretary Chris Wright said on Tuesday that Venezuela could add “several hundred thousand barrels per day” to oil production by year-end.“I think you’ll see several 100,000 barrels a…

Oil Gains Nearly 3% After Abrupt End to Russia-Ukraine Talks

Summary Ukraine peace talks end in Geneva after Zelenskiy says Russia stalling Iran, US reach understanding on main ‘guiding principles’ in nuclear talks Eurasia Group sees 65% chance of US…

China Isn’t Importing Any US LNG, But It’s Still in the Game: Bousso

China this month marks a year since it last imported liquefied natural gas from the U.S. amid a tense trade war between the world’s two largest economies. Yet throughout the…

Texas Based E&P Firm to Deploy Up To $1B in 2026

Texas based U.S. Energy Development Corporation (USEDC) has announced a plan to deploy up to $1 billion in 2026. In a release sent to Rigzone this week, the company said it will…

Eni Considers Return to Oil Trading as Rivals Reap Billions

Italy’s Eni is considering reopening its oil-trading business as it misses out on the profits that its fellow European supermajors are generating from selling the commodities they produce, the company’s…

IEA Chief Warns Fracturing Global Order Is Splintering Energy Policy

A fracturing in the “global order” is threatening the harmony in energy policies, the head of the International Energy Agency has warned. “We see a fracturing in the global political…

Asia’s Crude Oil Imports Set for Record High in February

Asia is poised to import record volumes of crude oil this month as top importers boost purchases amid strong runs and a changing geopolitical situation. Asia, the key oil-importing and…