US Natgas Prices Fall 6% to 1-Week Low on Record Output, Lower Demand Forecasts

(Reuters) – U.S. natural gas futures fell about 6% to a one-week low on Monday on record output, forecasts for less hot weather over the next two weeks, stagnant gas…

BP Appoints New Chairman as Investors Push for Strategic Clarity

BP has appointed Albert Manifold as its new chairman, selecting the former CRH chief executive to lead the board at a time of heightened investor pressure and strategic uncertainty. Manifold…

Saudi Arabia’s Crude Oil Exports Hit 3-Month High in May

Saudi Arabia’s crude oil exports rose to a three-month high in May, the latest data by the Joint Organizations Data Initiative (JODI) showed on Monday, as the Kingdom leads the…

Global Natural Gas Production Dropped in May

The world’s natural gas production fell in May compared to April, driven by lower output in Russia, the United States, and Norway, according to the latest data by the Joint…

Var Energi Makes Gas Discovery Near Norwegian Sea Oilfield

Var Energi has made a commercial gas and condensate discovery near its Fenja oilfield in the Norwegian Sea and could develop it as a tie-in to the producing field, the…

US Not Rushing Trade Deals Ahead of August Deadline, Will Talk With China, Bessent Says

Asked whether the deadline could be extended for countries engaged in productive talks with Washington, Bessent said U.S. President Donald Trump would decide. Get the Latest US Focused Energy News…

Winter Is Coming for Oil – And Not in a Positive Way

By The oil market is deceptively calm. Below the apparent tranquility lies an underappreciated transformation that has slowly reshaped the market over the last 25 years — because the arrival…

Iran and Europe Set to Hold Nuclear Talks

Europe’s most influential countries – the UK, Germany, and France – are expected to hold talks with Iran on the Islamic Republic’s nuclear program in Istanbul on Friday, a senior…

U.S. Supermajors Discuss Development of Oilfields in Iraq

U.S. oil and gas giants ExxonMobil and Chevron are in discussions about development opportunities in Iraq’s oilfields with the government, according to the Iraqi oil ministry. “ExxonMobil has conveyed its…

Indian Refiner Nayara Adjusts Payment Terms Due To EU Sanctions

Indian refiner Nayara Energy has changed the payment terms to sell a spot naphtha cargo after the EU’s latest sanctions package hit the company in which Russia’s oil giant Rosneft…