Russia has restarted limited oil loadings at its Black Sea port of Novorossiysk after a drone attack earlier this week forced a full suspension.
Oil prices surged back above $100 a barrel in early Asian trade following the collapse of U.S.-Iran negotiations and Trump’s announcement that the U.S. would blockade the Strait of Hormuz. At the time of writing, West Texas Intermediate was trading at $105.30 per barrel, up 9.04%, while Brent had risen 8.55% to trade at $103.30. Both benchmarks remain roughly […]
Russia would be ready to keep supplying natural gas to Europe if there are any volumes left from increased exports to other markets, Kremlin spokesman Dmitry Peskov told Russian media on Sunday.
Oman’s Energy and Minerals Ministry on Sunday opened bidding applications for five new oil and gas concession areas.
Türkiye has launched its first overseas offshore drilling campaign, deploying the ultra-deepwater drillship Çağrı Bey to drill the Curad-1 well offshore Somalia, marking a significant expansion of its upstream footprint beyond domestic waters.
TotalEnergies is progressing a broad slate of upstream and LNG projects across Africa, positioning the region as a key driver of production growth through 2026 and beyond. The company’s African portfolio accounts for roughly half of its operated production and remains its largest area of exploration spending. Several projects are now moving into execution and […]
The European Union is preparing to loosen methane rules on imported oil and gas as the bloc scrambles to secure supply in the wake of the U.S.-Iran war.
The Israeli Energy Ministry on Thursday announced it had instructed the company operating the platform at the offshore natural gas field Karish to restore operations following the announcement of the two-week U.S.-Iran ceasefire.
Chinese independent refiners are buying Iranian crude at a premium to Brent crude, for the first time in years, Reuters has reported, noting prices were driven higher by anticipated increases in Indian purchases of Iranian oil.
Japan will release additional volumes of crude oil next month, Prime Minister Sanae Takaichi said today, confirming earlier reports about more releases from inventories to handle the supply squeeze resulting from the war in the Middle East.