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Latest Oil & Gas News
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Pakistan Army Chief in Tehran to Push Renewed Talks
Pakistan's army chief landed in Tehran to a warm welcome from officials as he tries to help renew talks between the U.S. and Iran after the two sides failed to clinch a peace agreement in Islamabad.Oil Stabilizes on Supply, Diplomacy Mix
Oil prices held steady as US inventory draws offset ongoing geopolitical uncertainty in the Middle East.Gas Spending Jumps 16 Pct for BofA Customers Amid Iran War
Bank of America Corp. saw its customers' spending on gas soar 16 percent in March.Texas Petroleum Theft Task Force Holds Meeting
'More than 40 percent of oil and gas operators indicated that their operations have been impacted by theft in the past year', the RRC noted. -
Construction Begins for Transco Gas Pipeline Expansion
Williams broke ground for the Trump-backed Northeast Supply Enhancement project, which will expand the Transco natural gas pipeline system with a capacity addition of 400,000 dekatherms per day.Demand for Colombia LNG Shipments Set to Surge
Colombian power plants are preparing to ramp up liquefied natural gas imports ahead of an expected El Nino.Petrobras, BP Make New Discovery in Campos Basin
'Petrobras' operations in block C-M-477, in the Campos Basin, are aligned with the company's strategy to replenish oil and gas reserves through activities in frontier exploratory areas, in partnership with other companies'.Equinor to Exit RE Producer Scatec
'Scatec and Equinor continue to be partners in the Apodi and Mendubim operating solar assets in Brazil'. -
EIA Boosts 2026 Brent Oil Price Projection to $96
The U.S. Energy Information Administration increased its 2026 Brent oil price projection in its latest short term energy outlook.BP Expects 'Exceptional' Oil Trading Results for Q1
BP expects the high-price environment to 'increase the dislocation between marker prices versus actual prices realized by BP in 1Q 2026 and increase the impact of price lags'.Analyst Flags Peace Momentum but Gives Oil Market Warning
SEB Commodities Analyst Ole R. Hvalbye issued an oil market warning.Teran Mulls Pausing Hormuz Shipments as Iran, US Eye Fresh Talks
The U.S. and Iran are looking to arrange a second round of peace talks in the coming days, with Tehran mulling a pause in shipments through the Strait of Hormuz to help ease the path toward an agreement on time and place. -
Israel, Lebanon Negotiators Meet in Washington
While they mark the first direct talks between the two Middle Eastern countries in more than three decades, few officials expect an immediate positive outcome.Meloni Says It's 'Too Early' to Tap Russian Gas
Italian Premier Giorgia Meloni said it was too early to consider tapping Russian gas.Crude Tumbles on Ceasefire Progress
Oil prices fell sharply as signs of renewed US-Iran talks reduced immediate supply fears.Eni Announces 2 Tcf Gas Find Offshore Egypt
Eni announced a 'significant' gas and condensate discovery offshore Egypt.
