SC Says No Clear Off-Ramps in Conflict, Ups Brent Forecast
'It has been an extraordinary three weeks for the energy complex', Standard Chartered Bank Energy Research Head Emily Ashford said.
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BP, Eni Start Gas Production at Angola's Quiluma
Quiluma, the Central African country's first non-associated gas project, is expected to ramp up production to up to 330 MMcfd by yearend.
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UAE Gas Field Ablaze as Trump Pushes for Help on Hormuz
Iran set a massive natural gas field in the UAE ablaze as it steps up attacks on key energy sites, while US President Donald Trump appealed to allies and the likes of China to help reopen the Strait of Hormuz.
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Oil Eases but Supply Fears Linger
Oil ended lower, but Brent still closed above $100 for a third straight session as Middle East supply risks remained elevated.
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IEA Says It Has More Emergency Oil Reserves Available
The war has brought shipping through the vital Strait of Hormuz to a near-halt.
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North America Drops 6 Rigs WoW
North America dropped six rigs week on week, according to Baker Hughes' latest North America rotary rig count.
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US DOE Orders Restart of Santa Ynez Oil Flows
DOE expects the restart, for which it invoked emergency powers, to replace nearly 1.5 million barrels of foreign crude each month.
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Pakistan Oil Tanker Transits Hormuz
A tanker laden with crude oil appears to have cleared the Strait of Hormuz and is now sailing to Pakistan, according to ship-tracking data.
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EIA Ups WTI Price Forecast by $20 in Wake of Iran Conflict
In its latest short term energy outlook, the U.S. Energy Information Administration boosted its 2026 WTI average spot price forecast by $20 per barrel.
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Trump Announces 'Bombing Raid' at Kharg Island
'United States Central Command executed one of the most powerful bombing raids in the History of the Middle East', U.S. President Donald Trump said.