Oil plunges over 7% as US and Iran signal openness to peace talks
Crude prices fell by the most since July after Washington and Tehran signaled renewed diplomacy to avoid a return to all-out war.
Rigzone · +13 outlets
U.S. midterms: Democrats sweep House and Senate, energy and gas prices in focus
A Democratic sweep of both chambers reshapes the U.S. energy policy outlook and follows an election dominated by voter anger over pump prices.
Oilprice · +14 outlets
Iran says four oil tankers destroyed by mines near Strait of Hormuz
The IRGC claim raises the stakes for tanker traffic through the world's most important oil chokepoint.
Oilprice · +14 outlets
Gas prices hit record high for a U.S. election day
The national average was the highest ever recorded on a congressional election day, underscoring energy costs as a campaign issue.
The Hill · +12 outlets
IEA warns global gas crunch could last well into 2027
The agency said new LNG capacity is not enough to offset Middle East supply disruptions and sees market pressure extending through 2027.
Crude Oil Prices Today · +12 outlets
Houthi fighters launch ground incursions into Saudi Arabia
The reported escalation marks a new phase in Houthi attacks that have targeted Saudi territory with drones and missiles for months.
Oilprice · +14 outlets
US commercial crude stocks fall to lowest since 2018, EIA says
The EIA warned inventories are headed toward multi-decade lows, with the Strategic Petroleum Reserve at its lowest since the early 1980s.
EnergyNow.com · +2 outlets
Treasury Secretary Bessent says 'the world can live without Iranian oil'
The remark comes as the Trump administration weighs further strikes on Iran, keeping supply risk in focus for traders.
24/7 Wall St. · +14 outlets
TotalEnergies signs 15-year LNG supply deal with China's Jiangsu Guoxin
The 900,000 tons per year contract adds to a wave of long-term LNG supply agreements amid tightening global gas markets.
Rigzone · +6 outlets
ADNOC Gas and TotalEnergies sign five-year LNG supply agreement
The deal deepens UAE-French LNG ties as Gulf producers expand their global supply footprint.
Egypt Oil & Gas · +12 outlets
Shell sells North West Shelf LNG stake to ADNOC's XRG for $1.45 billion
The divestment of the 16.67% Australian LNG stake is part of Shell's portfolio reshuffle and ADNOC's international gas expansion.
Rigzone · +14 outlets
U.S. crude inventories fell about 5.3 million barrels last week, API estimates
The drawdown extends a run of sharp declines in U.S. commercial crude stocks as exports and refinery runs stay elevated.
Oilprice · +14 outlets
Saudi Aramco profit beats expectations as oil prices jump
Third-quarter profit rose 9%, lifted by refining margins and higher crude prices driven by the Iran war.
Rigzone · +14 outlets
Big Oil prioritizes debt reduction over new investments after strong quarter
Europe's top six majors booked a combined $38 billion in the July-September quarter but are channeling cash to balance sheets.
Oilprice · +14 outlets
ADNOC greenlights first large-scale unconventional gas project in Abu Dhabi
The final investment decision advances the UAE's push to ramp domestic gas production and cut import dependence.
Rigzone · +7 outlets
ADNOC to become first energy firm to deploy OpenAI's frontier models
The partnership opens ADNOC's industrial data to OpenAI models using G42's AI infrastructure in the UAE.
Rigzone · +14 outlets
Global diesel crunch set to last well into 2027
Refined product imports from the Middle East have crashed amid reduced refining capacity, keeping distillate markets tight in Asia.
Oilprice
Pentagon eyes 75-year deal to break China's rare earth stranglehold
The U.S. Army wants first claim on American-produced heavy rare earths under a term sheet with REalloys.
Oilprice · +1 outlets