US Drillers Cut Oil and Gas Rigs for Second Week in a Row, Baker Hughes Says
Services Firms Feel the Squeeze as Oil Rally From Iran War Fails to Spur Drilling
Oil, Gas Exploration is Back: Energy Giants Hunt to Replenish Reserves
Spiking US Diesel Prices Keep Trucking Industry Stuck in Years-Long Slump
Russia’s Baltic Ports Burning Again as Ukraine Drone Campaign Enters Third Day
Asia Begins Pricing U.S. Oil Against Brent as Dubai Volatility Spikes
Execs Predict What Price WTI Oil Will Hit in Future
Cuba Looks to Vatican for Help to Ease US Oil Embargo, Washington Post Reports
Meta Funds Seven Gas Plants to Power Biggest Data Center
Bessent Says Hormuz Ships Insurance Program to Start Soon
US Energy Chief Chris Wright Defends Waiver on Russian Oil Sanctions, Blames Fear for Higher Gas Prices
Trump administration officials on Sunday defended a decision to temporarily lift some sanctions on Russian oil and predicted that a sharp increase in gasoline prices resulting from the Iran war…
Iraq’s Oil Output Plunges 70% as Gulf Shipping Crisis Deepens
Crude oil production from Iraq’s southern fields has dropped by 70% since the start of the U.S. and Israeli war on Iran, with the average daily production at 1.3 million…
Saudi Arabia Offers Rare Spot Crude as Strait of Hormuz Traffic Collapses
Saudi Arabia is offering crude oil on the spot market in an unusual move prompted by the almost complete freeze on tanker traffic in the Strait of Hormuz, Bloomberg has…
IL&FS Mutual Fund Invests ₹125 Crore in Hero Solar Energy to Support Renewable Expansion
IL&FS Mutual Fund has committed an investment of ₹1.25 billion (₹125 crore) in Hero Solar Energy, providing fresh capital to support the company’s renewable energy operations and financial restructuring. The…
PPC and Metlen Launch 1.5 GW Battery Storage Venture in Southeast Europe
Public Power Corporation (PPC) and Metlen Energy and Metals have signed a joint venture agreement to develop, construct, and operate up to 1,500 MW / 3,000 MWh of battery energy…
Analyst Flags ‘Incredible’ Oil Price Moves
In a market comment sent to Rigzone on Monday morning, Aaron Hill, Chief Market Analyst at FP Markets, noted that, as of early trading this morning, both WTI and Brent…
Kuwait Shuts Production, Qatar Warns Oil Could Hit $150 in Weeks
Oil prices could soar to as much as $150 per barrel within two to three weeks if the critical Strait of Hormuz remains off limits for tankers, Qatar’s Energy Minister…
