Oil Prices Fall as Market Awaits Possible US-Iran Ceasefire Deal

Summary Brent and WTI register steepest weekly losses since April U.S.-Iran ceasefire deal not finalised U.S. crude, gasoline and distillate stockpiles fell last week, EIA reports (Reuters) – Oil futures…

How Far Have the U.S. and Iran Got Towards Ending the Iran War?

Get the Latest US Focused Energy News Delivered to You! It’s FREE: The United States and Iran have reached an agreement to extend a ceasefire, allow shipping through the Strait…

Fed’s Schmid Warns Against Viewing Oil Shock as Transitory

Federal Reserve Bank of Kansas City President Jeffrey Schmid said on Friday that already-hot levels of inflation make it harder to assume the current energy shock will have only a…

District Court Denies California Parks Department Bid to Stop Sable Offshore Pipeline

NEW YORK, May 28 (Reuters) – A U.S. District Court on Thursday denied the ​California Department of Parks and Recreation’s bid to ‌stop oil producer Sable Offshore Corp (SOC.N) from…

Saudi Arabia Expected to Slash Oil Prices Again

Saudi Arabia is expected to slash again the official selling prices of the crude it will load for Asia in July amid weakening demand and narrowing spot Middle East crude…

Norway Lobbies to Persuade EU to Drop Arctic Drilling Ban

Norway, Western Europe’s top oil and gas producer, has intensified lobbying at the European Union to persuade the bloc to remove or tweak its moratorium on Arctic oil and gas…

Oil Prices Set to Slump 19% in May as Market Bets on U.S.-Iran Deal

Early on Friday, oil prices were on track to plunge by 19% in May as traders and speculators bet on an extended ceasefire and an eventual U.S.-Iran deal despite the…

Japan Crude Imports Fell 66% in April

Amid the supply disruption in the Middle East, Japan’s crude oil imports crashed by 66% in April from the same month last year, official Japanese data showed on Friday. Japan…

  • Gas
  • May 29, 2026
Around half of helium supply still unavailable in “struggling market”

By 47 min ago 2 min read Roughly half of global helium supply is still unavailable as a result of the Middle East crisis and recent dynamics involving China and…

  • Gas
  • May 29, 2026
Helix reaches short-term spot sales agreement for Montana helium project

By 48 min ago 2 min read Helium exploration company Helix Exploration (Helix) has agreed to supply 100% of helium production from its Rudyard project in Montana to an industrial…