Oil Prices Fall as US Delays Decision on Direct Iran Involvement

(Reuters) – Oil prices fell on Friday, but remained on course for a third consecutive weekly rise, after the White House delayed a decision on U.S. involvement in the Israel-Iran…

US, Chinese Strategic Reserve Buys May Offset Oil Surplus, Russia’s Gazprom Neft Says

The eight members of OPEC+, which groups OPEC and other producers led by Russia, are unwinding voluntary production cuts and have agreed monthly increases for April through July, when they…

Texas Oil Dynasty Targets Payout With $8 Billion Mitsubishi Deal

Gordon Huddleston Photographer: F. Carter Smith/Bloomberg Bloomberg Albert and Gordon Huddleston, part of the H.L. Hunt family, are in advanced talks to sell Aethon Energy Management’s assets to Mitsubishi Corp.…

Mozambique Ready to Lift Force Majeure on LNG Plant

The government of Mozambique is ready to lift the force majeure imposed on TotalEnergy’s LNG project in the country as soon as the company applies for this, the country’s energy…

MEG Energy Seeks Alternatives After Rejecting $4.4-Billion Bid From Strathcona

Canada’s Strathcona Resources supports MEG Energy in its process to explore potential mergers after MEG recommended that shareholders reject a $4.4 billion (C$6 billion) takeover offer from Strathcona. Last month,…

Equinor’s New Arctic Field Reaches Peak Oil Production

The Johan Castberg oilfield in the Barents Sea has reached full capacity of 220,000 barrels per day (bpd), operator Equinor said on Friday, noting that peak capacity has been reached…

  • Gas
  • June 20, 2025
KLM tests consumer appetite for SAF ticket surcharges

Dutch airline KLM is to introduce a 100% sustainable aviation fuel (SAF) surcharge on two European routes from September to test consumer appetite for higher fares. Flights from Amsterdam-London City…

  • Gas
  • June 20, 2025
ArcelorMittal scraps €1.3bn low-carbon steel plans; considers closing Steelanol plant

Steel giant ArcelorMittal has urged faster EU action as high energy prices and surging imports derail the company’s flagship decarbonisation projects in the German cities of Bremen and Eisenhüttenstadt. It…

  • Gas
  • June 20, 2025
New tech can cut LNG emissions by 60% says IEA report

New technologies can cut greenhouse gases from the liquefied natural gas (LNG) supply chain by more than 60%, according to a new report from the International Energy Agency (IEA). Reducing…

Iran Shifts to Single Tanker Loading for Oil Exports, Relocates Storage

Iran is maintaining crude oil supply by loading tankers one at a time and repositioning floating storage closer to Asia, two vessel tracking firms told Reuters, as the country seeks…