EU Abandons Proposal to Lower Price Cap on Russian Oil
The EU proposed lowering the cap to $45 per barrel from the current $60, but oil's surge following Israel's attack on Iran has complicated efforts to find unanimity among the bloc's 27 members.
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Oil Gains on Volatile Week
Market volatility remained high, but crude still posted a third straight weekly gain.
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European Nations Lead Push for De-Escalation in Israel-Iran War
Talks aimed at de-escalation got under way in Geneva after Trump signaled he would give diplomacy a chance before deciding whether to intervene militarily.
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Germany Holds Early Talks on How to Exit SEFE
SEFE has itself been speaking with Boston Consulting Group as it seeks to examine the economic rationale for various options including a potential merger with Uniper, people with knowledge of the matter said.
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Chevron Acquires Two Smackover Leases as It Eyes Lithium Production
Chevron said the acquisitions mark the first step in its establishment of a commercial-scale lithium business in the U.S.
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TotalEnergies Gets New Offshore Wind Lease in German North Sea
TotalEnergies, as a shareholder of North Sea OFW One, obtained an offshore concession that could enable one GW of wind power capacity offshore Germany.
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TotalEnergies, QatarEnergy Win Exploration License in Algeria
The Ahara license spans 14,900 square kilometers at the 'intersection of the prolific Berkine and Illizi Basins'.
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European Commission Proposes Law Ending Russian Gas, Oil Imports by 2027
The EU is betting on global LNG and increased regional infrastructure interconnectivity.
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Trump Signals Holding Off Iran Strike to Give Diplomacy Time
'Based on the fact that there's a substantial chance of negotiations that may or may not take place with Iran in the near future, I will make my decision whether or not to go within the next two weeks', Trump said.
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ConocoPhillips Confirms Slagugle Oil Discovery in Norwegian Sea
The Slagugle oil discovery holds an estimated 30.8 to 61.6 million barrels of oil equivalent.