Iran war depletes global oil stockpiles; IEA warns supply shortfall will worsen
The IEA says the Iran conflict has pushed global oil supply below demand and left inventories near multi-decade lows, leaving markets exposed to further price s
EnergyNow · +13 outlets
Brent tests September highs, WTI tops $100 as XLE reclaims 18-year resistance
Crude's rally has energy equities at or near records and analysts debating whether high prices are starting to destroy demand.
StoneX · +6 outlets
IEA to accelerate release of 100 million barrels; EU speeds 42.6 million barrel drawdown
The IEA and EU are tapping strategic reserves to offset supply losses, while France has already released barrels, underscoring how thin the buffer has become.
EnergyNow.com · +9 outlets
Big Oil scores roughly $56 billion windfall on Iran war fuel price spike
Soaring crude and refined product prices have lifted integrated majors' profits to near record levels, reviving debate over how they deploy the cash.
Rigzone · +14 outlets
Trump expected to announce $54B South Korea investment in Alaska LNG
The Alaska LNG project is being pitched as economic on shipping savings, with Seoul reportedly set to commit $54 billion.
EnergyNow · +14 outlets
Iran says fourth oil tanker hit mine and caught fire in Strait of Hormuz
Repeated attacks on tankers in the Strait of Hormuz keep shipping risk and geopolitical premium elevated.
Anadolu Ajansı · +14 outlets
Saudi pipeline outage threatens loss of 4% of global oil supply
A major Saudi pipeline disruption adds to an already tight supply picture as inventories sit at multi-decade lows.
EnergyNow · +14 outlets
US gas prices rise under Trump, topping Biden-era average at the pump
Higher crude from the Iran conflict has pushed US pump prices above the prior administration's average, becoming a midterm issue.
Seeking Alpha · +14 outlets
US Strategic Petroleum Reserve falls to lowest level since 1982
Repeated drawdowns have pushed the SPR to its smallest stockpile in over four decades, limiting Washington's ability to cushion further supply shocks.
EnergyNow.com · +14 outlets
Asian stocks slide as tech selloff and surging oil stoke AI and stagflation fears
Crude above $100 and a tech-led rout weighed on global equities, with Asia set for a weaker open as investors track oil risk.
Bloomberg.com · +13 outlets
Chevron raises exploration spending by 50% in return to frontier drilling
Chevron is shifting back toward high-impact frontier exploration after years of focus on the Permian and the Gulf of Mexico.
Oilprice · +10 outlets
Chevron speeds up Venezuela oil investment as Exxon urges caution
Chevron is moving quickly on Venezuelan projects while Exxon counsels restraint, highlighting differing views on the country's operating risk.
Yahoo Finance · +5 outlets
Oil prices steady as investors weigh peace-deal hopes against IEA glut and shortfall forecasts
Conflicting signals on Iran diplomacy and global balances have kept crude volatile, with analysts expecting another choppy week.
EnergyNow.com · +4 outlets
Magnolia Oil & Gas to buy WildFire Energy in $4.06 billion deal
The acquisition extends consolidation in US shale as buyers use high commodity prices to add scale.
EnergyNow.com · +14 outlets
Exxon raises dividend 3.9% as free cash flow surges 90% this year
The dividend increase comes as high oil prices bolster Exxon's cash generation, widening the gap between earnings and shareholder returns.
Yahoo Finance · +5 outlets
Ovintiv buys Logan Energy for $1.26 billion as Alberta oilpatch dealmaking booms
The deal continues a run of consolidation in Canadian oil and gas as producers consolidate acreage.
Financial Post · +1 outlets
Shell receives first commercial LNG cargo from Venture Global
The delivery marks the start of commercial offtake from Venture Global's US export project into Shell's portfolio.
Egypt Oil & Gas
About 25% of Gulf of Mexico oil output shut in due to Hurricane Isaias
Storm-related shut-ins compound global supply tightness that has pushed crude benchmarks higher.
EnergyNow.com