IEA Says Ukraine Strikes Degrade Russian Oil Refining Sector
Drones are now hitting secondary-processing units at Russia's refineries, which may require six to eight months to replace, according to IEA estimates.
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Shell Acquires PJM Gas Power Plant
Shell agreed to acquire a 169-megawatt natural gas-fired power plant in Pennsylvania, while selling a 609-MW combined-cycle gas power plant in New England.
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Norway Sees 'Strong Confidence' in New Discoveries Potential
The Norwegian Energy Ministry received applications from 21 companies including international majors for the country's expanded exploration licensing round.
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IEA Slashes Oil Demand View
The International Energy Agency cut forecasts for oil demand this year and warned consumption may decline further in the coming months.
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USA Diesel Hits $6 Per Gallon for First Time Ever
'It is a level diesel has never reached', GasBuddy said.
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What if the Assumptions Embedded in the Oil Curve Are Wrong?
What if the assumptions embedded in the oil curve are wrong - J.P. Morgan analysts, including Natasha Kaneva, J.P. Morgan's Head of Global Commodities Strategy, ask.
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Saipem Signs New Preliminary Contract for Rovuma LNG
A consortium of Belgium's Jan De Nul and Italy's Saipem signed a letter of intent with ExxonMobil for the upstream infrastructure of the planned Rovuma LNG project in Mozambique.
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Gulf States Mull Hormuz Talks with Iran
Oman is aiming to get foreign ministers from the Gulf Cooperation Council and Iran together, according to a person familiar with the matter.
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Russia's Crude Output Fell in August
Russia's production of crude oil shrank in August.
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Oil Soars as Hormuz Risks Rattle Markets
Brent surged more than 6% to $107.63 as escalating Middle East tensions heightened global supply concerns.