U.S. Energy Secretary Chris Wright just gave the market a number that helps explain why Brent crude isn’t trading at $150 per barrel.
A liquefied natural gas tanker has headed for the Strait of Hormuz, following an announcement by President Trump that he had struck a deal with Iran for the reopening of the chokepoint. Itan confirmed the preliminary agreement.
Oil prices plunged in early Monday trading in Asia after the U.S. and Iran announced a deal to reopen the Strait of Hormuz more than 100 days after its closure.
The U.S. and Iran say they have reached a deal to reopen the Strait of Hormuz, setting the stage for talks on Tehran’s nuclear program and potentially ending a conflict that disrupted global energy markets and raised concerns over oil supplies.
Julius D. Rone, group managing director and CEO of UTM Offshore, talks to The Energy Year about progress under Nigeria’s Decade of Gas initiative and how shifting energy-security priorities are creating opportunities for African energy investments.
Nigeria’s crude oil output jumped to a 15-month high in May as Africa’s top producer continues to ramp up production, data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Nigeria pumped 1.53 million barrels per day (bpd) of crude last month, the highest level since January 2025, as the African country now produces at its […]
Global Oil Giants Knocking Ghana’s Doors for Oil Blocks, But Slow Review of Sector Laws Barring Them
Dr. Kwabena Donkor warns that delays in reviewing Ghana’s petroleum laws are deterring major oil investors, including Chevron and ExxonMobil.
In a blog posted on its website on Monday, GasBuddy highlighted that U.S. gasoline prices had fallen for four straight weeks but warned that “the streak may be in danger”.
Russia’s crude output declined to the lowest in a year in May as Ukraine launched an unprecedented string of attacks on the nation’s oil infrastructure.
President Donald Trump pulled back threatened military strikes against Iran, a stark reversal that came just hours after he vowed to hit the Islamic Republic “VERY HARD” and threatened to seize its oil infrastructure.