President Donald Trump warned Iran to make a nuclear deal with the US or face military strikes far worse than the attack he ordered last June, increasing pressure on the regime and propelling oil prices higher.
U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), decreased by 2.3 million barrels from the week ending January 16 to the week ending January 23.
Venezuela’s interim leader is playing to three different audiences with her plans for Venezuela’s oil sector: foreign investors, the Donald Trump administration, and her own socialist supporters. None of them is happy with it.
Ukraine is ready to halt strikes on energy infrastructure if Russia agrees to abide by a US proposal for a weeklong truce, President Volodymyr Zelenskiy said.
Malaysia’s Petronas plans to boost exploration, deepwater development, and enhanced oil recovery over the next three years as it looks to maintain its domestic oil and gas production stable at about 2 million barrels of oil equivalent per day (boepd), the state energy giant said in its 2026-2028 activity outlook on Thursday.
The Mozambique LNG project is a landmark development in the country’s emerging natural gas sector, aiming to monetise significant offshore gas reserves discovered in Area 1 of the Rovuma Basin.
Nigeria has slashed entry fees for its 2025 oil licensing round, reducing signature bonuses to between $3 million and $7 million as the government seeks to revive production and draw fresh capital into the upstream petroleum sector.
Kazakhstan has filed a formal bid with the U.S. Treasury seeking authorization to buy out the Kazakh assets of Russia’s sanctioned oil firm Lukoil, Kazakhstan’s Energy Minister Yerlan Akkenzhenov said on Wednesday.
UK-based supermajors Shell and BP are seeking U.S. licenses to develop gas fields that Trinidad and Tobago shares with Venezuela, the Caribbean island’s Energy Minister Roodal Moonilal said on Wednesday.
Several energy companies imported liquefied natural gas into the United States, with the unusual move prompted by surging demand for energy and heating pushing gas prices to all-time highs.