Oil Prices Fall as Middle East Exports Recover, Shipping Risks Persist
Prices fell Tuesday as traders assessed recovering crude exports against fresh shipping incidents around Hormuz and increased tensions around the Red Sea.
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Exporters to Get Extra Year for EU's Methane Emission Rules, Von Der Leyen Says
Policymakers are racing to shield industry from the high cost of fuel triggered by conflicts in the Middle East and Ukraine.
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Oil Is Flowing From Hormuz Again-Just Not the Kind the World Needs Most
The scramble is on for diesel, while damaged refineries and tight fuel supplies keep prices elevated around the world.
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Aramco CEO Says Oil Inventories Could Take Two Years to Rebuild
Amin Nasser said the global supply cushion was scarily thin, with estimates less than 6 billion barrels of commercial inventories remain-and most of that wasn't practically available.
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Saudi Arabia Slashes Crude Prices for Asia as Exports Recover
Saudi Aramco lowered the official selling price for November shipments of its Arab Light crude to Asia by $3 a barrel to a discount of $5 a barrel to the Oman/Dubai benchmark.
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Centalion, Fresh From Rebrand, Does Deal for U.S. Gas Fields
The trading firm formerly known as Gunvor is poised to become a major player in the Haynesville basin with $1.5 billion deal.
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LNG's Golden Age Could Last Longer Than Expected. These Stocks Benefit Most.
Companies that export liquefied natural gas have been minting profits this year.
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Ithaca Energy to Buy Offshore Canada Oil Assets for Up to $1.1 Billion
The company said the deal adds scale and diversification in an operating environment similar to the U.K. Continental Shelf and materially enhances its production outlook.
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These Energy Companies Put Oklahoma City on the Map. Now They're Moving to Texas.
The departures of Devon Energy and Expand Energy are the latest sign that oil-and-gas mergers are consolidating the industry in Houston.
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Oil Was Pouring Out of Hormuz Again. Then Attacks on Ships Resurged.
Iran's targeting of ships has improved, according to a U.S. official, making transits through the Strait of Hormuz riskier.
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OPEC, Allies Hold Oil Output Steady Amid Middle East Tensions
Growing security risks threaten to undermine a recent recovery in regional crude exports, keeping the supply outlook uncertain.
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Africa's Richest Man Wants to Turn a Pristine Coastline Into an Oil Hub
The billionaire is laying the groundwork for a $15 billion refinery across the bay from the 700-year-old Swahili trading port.