US Oil Output Fell in December to Lowest Since June 2025, EIA Says

(Reuters) – U.S. oil production fell for the second consecutive month in December to its lowest level since June last year, while demand reached a multi-month high, the Energy Information…

Oil Prices Rise More Than 2% as US and Iran Extend Talks

By US-Iran talks end with no deal but signs of progress Technical discussions scheduled for Vienna next week Brent and WTI benchmarks trade at multi-month highs UAE, Saudi to increase…

US Oil Output Fell in December to Lowest Since June 2025, EIA Says

NEW YORK, Feb 27 (Reuters) – U.S. oil production fell for the second consecutive month in December to its lowest level since June last year, while demand reached a multi-month…

Cheniere Gets $370 Million ‘Alternative Fuel’ Tax Break From Trump’s IRS

By WASHINGTON, Feb 27 (Reuters) – Cheniere Energy Inc (LNG.N) disclosed this week that it got a $370 million tax break from the Trump administration for burning liquefied natural gas…

Russia Shipped 80% of its 2025 Oil Exports to China and India

Russia’s oil exports were essentially flat in 2025 compared to a year earlier, with most supplies – a massive 80% — going to China and India, Russian Deputy Prime Minister…

Croatia Ready to Supply Crude to Hungary and Slovakia

Croatia can ensure crude oil supplies to Hungary and Slovakia, which haven’t received Russian oil for a month following damage on the Druzhba oil pipeline, the Croatian Prime Minister, Andrej…

UAE Boosts Murban Crude Exports Ahead of Key OPEC+ Decision

Abu Dhabi’s national oil company, ADNOC, has offered additional barrels of Murban crude to its international minority partners in the onshore concession where the grade is being produced, sources with…

Oil Prices Surge 3.7% as U.S.-Iran Standoff Triggers Higher 2026 Forecasts

Economists and oil market analysts have hiked their oil price forecasts for 2026 amid rising geopolitical tensions and heightened war premium due to the U.S.-Iran standoff.  Both crude oil benchmarks…

Why Is the Oil Price Rising Today?

Why is the oil price rising today? That’s the question Rigzone asked several analysts on Friday in separate exclusive interviews. “Crude is moving higher today on a combination of positioning…

Judge Says He Will Order Greenpeace to Pay an Expected $345 Million in Dakota Access Oil Pipeline Protest Case

By Leaders and attorneys for several Greenpeace entities listen to a reporter’s question after a jury’s verdict at the Morton County Courthouse in Mandan, N.D., Wednesday, March 19, 2025. (AP…