EQT to buy Range Resources in all-stock deal valued at over $50 billion, creating largest US gas producer
The combined Appalachian producer would pump more than 9 billion cubic feet equivalent a day, betting on record US gas demand from data centers and LNG exports.
Oilprice · +14 outlets
Oil retreats from six-month high as diplomats meet in Tehran and Saudi Arabia moves to defuse Iran tensions
Crude eased from recent peaks on mediation hopes, though supply risk stayed elevated after attacks on Saudi energy infrastructure.
Rigzone · +14 outlets
European natural gas prices jump to four-year high on winter supply fears as crude slips
Traders bid up European gas on thin winter inventories even as oil prices cooled, tightening the continent's energy outlook.
The Guardian · +14 outlets
Trump's oil and gas holdings doubled to $81.6 million since the Iran war as gasoline tops Biden-era averages
The disclosures put Trump's personal energy gains at the center of a political fight over pump prices ahead of the midterms.
Oilprice · +15 outlets
US strategic petroleum reserve falls to lowest level since October 1982
The drawdown underscores how little buffer Washington has left as the Iran conflict keeps oil markets volatile.
Reuters · +14 outlets
UK weighs scrapping Rosebank, its largest untapped oilfield, with Brent above $100
Britain must decide whether to develop the £8.7 billion west of Shetland project as its import dependence exceeds 70%.
Oilprice · +2 outlets
Beijing pushes domestic oil and gas production as Iranian supply dries up
China is pressing its national producers to drill more and build strategic supply bases as the Iran war cuts into a key crude source.
Oilprice · +7 outlets
Michigan gas prices jump 32 cents in a week to $4.83 a gallon as early voting begins
The spike in a swing state makes fuel costs a live campaign issue in the final stretch before the November 3 election.
WXYZ 7 News Detroit · +9 outlets
Iran war adds $39 billion to global LNG bill as buyers turn to spot market
Rystad Energy estimates the conflict forced buyers to pay a steep premium to replace disrupted volumes.
Oilprice · +3 outlets
European gas prices and Asia's energy exposure drive $1 trillion a year call for energy security spending
Analysts argue Asia must spend about $1 trillion a year on supply security after the Strait of Hormuz disruption exposed its import reliance.
Oilprice · +14 outlets
India's BPCL cuts Russian oil purchases as Gulf bargains lure refiners away
High freight costs and premiums have eroded the discount on Russian crude, pushing Indian refiners toward Persian Gulf supply.
Rigzone · +3 outlets
US gasoline prices hold above $4 heading into midterms as analysts say relief is unlikely
Fuel costs remain a central campaign theme with the national average well above $4 and election day days away.
NottinghamMD.com · +12 outlets
Egypt's parliament authorizes military support for Saudi Arabia as Houthis claim attacks on oil infrastructure
The vote deepens regional involvement in the conflict and raises the risk of strikes on Saudi crude pipelines.
Oilprice · +14 outlets
Saudi Arabia abandons its core oil pricing rule as war reshapes strategy
Riyadh's departure from its long-standing approach signals a broader recalibration of OPEC strategy amid the Iran conflict.
Oilprice · +11 outlets
Executives exit US LNG startup Polar LNG amid alleged Russian funding
All top executives resigned six months after launch over claims Russia's largest LNG developer funded and steered the venture.
Oilprice · +4 outlets
IEA's Birol says energy prices will not return to pre-war levels in 2027
The warning suggests the Iran conflict has durably raised the cost base for global energy buyers.
Crude Oil Prices Today · +14 outlets
Ovintiv to acquire Logan Energy for $890 million, expanding Montney oil operations
The deal adds Montney inventory as producers consolidate Canadian shale acreage.
citybiz
Russian refiners ramp up diesel output to supply Trump deal export quotas
Moscow issued export quotas under its supply agreement with Washington, lifting October diesel production.
Oilprice · +1 outlets