The EPA proposal would ease methane reduction requirements under the OOOOb/c rules, a major rollback of climate regulation for the oil and gas sector.

The Iran war and Russia-Ukraine conflict drove record refining margins and surging LNG and gas prices, nearly doubling earnings at both European majors.

Crude gave back recent gains after the US vice president contacted Iranian officials to restart negotiations, though supply risks keep prices near four-year hig

Crude and distillate stocks dropped while gasoline inventories rose, leaving commercial crude roughly 4 percent below the five-year average.

The coordinated reserve release aims to ease prices as the Middle East crisis chokes crude supplies and drives a global fuel shortage.

Analysts warn that depleted inventories leave markets exposed to another price spike if supply disruptions persist.

The European Union is weighing measures to contain surging energy costs, with its oil import bill up $11 billion a month since the Middle East crisis began.

Repeated drawdowns have left the US emergency crude stockpile at multi-decade lows as the government weighs further releases.

Benchmark European gas prices climbed to levels last seen during the 2022 crunch, squeezing consumers and industry.

The French supermajor posted record earnings and said high LNG prices and refining margins should continue to underpin results.

Damaged refineries and tight diesel and jet fuel markets have lifted refining margins and sent US refiner stocks up roughly 150% this year.

The Norwegian operator raised its output forecast after a new appraisal well suggested the Afrodite field holds twice the initially estimated volumes.

Ship-tracking data shows the kingdom's exports remain resilient even after strikes on facilities including Ras Tanura unnerved markets.

The Chinese refining giant joined global majors in posting sharply higher earnings as crude prices and refining margins climbed.

The Brazilian state-controlled producer reported record quarterly production as it ramps up pre-salt fields.

The forecast points to broad inflationary pressure from energy and raw materials as the Iran conflict disrupts supply.

Producers are on track for a second consecutive record year, driven by power demand from data centers and rising LNG exports.

The extension keeps a major source of global LNG supply unavailable, adding to pressure on prices in Europe and Asia.