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Oil Flows from Saudi Port Steady for Now despite Attack

11 April 2026, 12:00am
Saudi Arabia's oil exports via the Red Sea are holding steady for now, as the impact of a drone attack on its vital cross-country pipeline has yet to filter through.
Read more... (source: www.rigzone.com)

Oil Settles Lower Ahead of Iran Talks

10 April 2026, 8:04pm
Crude markets remain volatile with supply risks and geopolitical tensions unresolved.
Read more... (source: www.rigzone.com)

Increasing fuel efficiency leads to decreasing gasoline consumption

10 April 2026, 8:00pm
Annual motor gasoline consumption in the United States decreased in 2025 even as vehicle miles traveled (VMT) increased because of increasing fuel efficiency, a trend we forecast will continue in 2026 and 2027. U.S. motor gasoline consumption averaged 8.9 million barrels per day (b/d) in 2025, 1% less than 2024 and 4% less than pre-pandemic demand in 2019. In our April Short-Term Energy Outlook (STEO), we estimate that motor gasoline consumption will continue to decline as forecast fuel efficiency increases and VMT growth slows.
Read more... (source: www.eia.gov)

Lebanon and Hormuz Top of Agenda in Truce Talks

10 April 2026, 2:41pm
The US and Iran prepared for direct talks in Pakistan with the Strait of Hormuz still effectively shut and Israel and Hezbollah exchanging fire.
Read more... (source: www.rigzone.com)

Aphrodite Group Initiates Prelim Deals for Sale of Cypriot Gas to Egypt

10 April 2026, 1:47pm
The Chevron-led consortium secured commitment from relevant parties to execute a term sheet and a host government agreement to enable the piped export to Egypt of 100 percent of production from the Aphrodite field.
Read more... (source: www.rigzone.com)

Occidental Discovers Oil Near Existing Infrastructure off Louisiana

10 April 2026, 12:54pm
'The discovery has the potential for subsea tie-backs to an adjacent Occidental-operated facility and others in the nearby area'.
Read more... (source: www.rigzone.com)

Iberdrola Nears Full Takeover of Brazil's Neoenergia

10 April 2026, 11:21am
The Spanish power and gas utility has raised its stake in Neoenergia to 98 percent, under a full takeover bid it launched late last year.
Read more... (source: www.rigzone.com)

Petrofac Completes Business Sale to CBI

10 April 2026, 10:04am
CB&I consummated the acquisition of Petrofac's Asset Solutions business, saving jobs for about 3,000 workers.
Read more... (source: www.rigzone.com)

Israel, US Signal Deescalation in Lebanon

10 April 2026, 8:42am
Netanyahu agreed to hold talks with Lebanon.
Read more... (source: www.rigzone.com)

Iran, US Prepare for Talks as Israel Presses on in Lebanon

10 April 2026, 8:30am
The U.S. and Iran prepared for peace talks in Pakistan with a fragile ceasefire largely holding, though issues such as Israel's offensive in Lebanon and the opening of the Strait of Hormuz remain unresolved.
Read more... (source: www.rigzone.com)

Tanker with Russian Flag Transits Hormuz

10 April 2026, 8:20am
A Russian-flagged supertanker passed through the Strait of Hormuz into the Persian Gulf, marking a rare passage for one of the nation's ships as traders scrutinize every transit through the war-hit waterway.
Read more... (source: www.rigzone.com)

Crude Climbs as Hormuz Disruptions Persist

9 April 2026, 8:33pm
Oil rose as Hormuz disruptions and Saudi output cuts fueled supply concerns.
Read more... (source: www.rigzone.com)

Chevron Sees Lower Output Due to Iran War

9 April 2026, 1:30pm
Chevron said its production fell as much as 6 percent in the first quarter due in part to the Iran war, echoing a similar disclosure from archrival ExxonMobil.
Read more... (source: www.rigzone.com)

Reliance Caps Sales at $11 Per Pump as Shortages Deepen

9 April 2026, 1:17pm
India's largest private-sector refiner is restricting individual purchases to INR 1,000 per visit at fuel stations it operates with partner BP, according to people familiar with the matter.
Read more... (source: www.rigzone.com)

Santos Announces Positive Results for Quokka Appraisal Campaign

9 April 2026, 11:42am
'Located strategically to the east of our Pikka phase 1 development, Quokka represents another high-return opportunity that strengthens our position on the North Slope and extends our development runway in Alaska for years to come'.
Read more... (source: www.rigzone.com)

Petronas, SLB Ink Suriname Partnership

9 April 2026, 11:19am
'Under this framework, Subsea Integration Alliance may provide full engineering, procurement, construction, installation and commissioning solutions for multiple discoveries in Suriname'.
Read more... (source: www.rigzone.com)

Perenco Seals Acquisition of Saturn Banks Fields from CalEnergy

9 April 2026, 10:05am
Perenco acquired a 50 percent operating stake in the already developed Blythe and Elgood fields.
Read more... (source: www.rigzone.com)

Norway Pushes for Reentry into Gro Gas Discovery

9 April 2026, 8:53am
'There is a considerable value creation potential here but time is running out', Norway's upstream regulator said about the discovery drilled by Shell and later relinquished by Equinor.
Read more... (source: www.rigzone.com)

China Oil Tankers Join Line Testing Hormuz and Iran Truce

9 April 2026, 7:20am
Continued attacks - including Israeli strikes in Lebanon - have raised questions about the effectiveness of a ceasefire.
Read more... (source: www.rigzone.com)

China's LNG Demand Won't Bounce Back

8 April 2026, 9:00pm
Hopes for a strong rebound in China's demand for liquefied natural gas are fading, despite the ceasefire called in the Middle East.
Read more... (source: www.rigzone.com)

Domestic and international demand drive natural gas production growth

8 April 2026, 8:00pm
In our Annual Energy Outlook 2026 (AEO2026), we project U.S. dry natural gas production, which accounted for 38% of total U.S. energy production in 2025, will increase significantly over the next several decades, meeting growing domestic and international natural gas demand.
Read more... (source: www.eia.gov)

Oil Plunges on Ceasefire Deal

8 April 2026, 7:53pm
Oil prices plunged after a US-Iran ceasefire eased fears of prolonged supply disruption.
Read more... (source: www.rigzone.com)

Crude oil and petroleum product prices increased sharply in the first quarter of 2026

7 April 2026, 2:00pm
Crude oil and petroleum product prices increased significantly in the first quarter of 2026 (1Q26), particularly following military action in the Middle East on February 28 and the subsequent de facto closure of the Strait of Hormuz. In this quarterly update, we review petroleum markets price developments in 1Q26, covering crude oil prices, petroleum product prices, and refinery inputs.
Read more... (source: www.eia.gov)

The Middle East Gulf was source for 8% of 2025 U.S. crude oil imports

6 April 2026, 2:00pm
In 2025, the United States imported an average of 490,000 barrels per day (b/d) of crude oil from the Middle East Gulf region—Bahrain, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (UAE). Crude oil imports from the region are primarily medium sour grades of crude oil and flow mainly into the West Coast and Gulf Coast of the United States.
Read more... (source: www.eia.gov)