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Brent Tops $116 as Middle East Risks Grow

23 October 2026, 8:06pm
Oil prices climbed as escalating attacks on Saudi Arabia heightened fears of Middle East supply disruptions.
Read more... (source: www.rigzone.com)

Physical Oil Prices Drop in Mideast

23 October 2026, 8:00pm
The physical prices of some Middle East crudes sold outside the Persian Gulf have dropped.
Read more... (source: www.rigzone.com)

EU Diesel, Jet Fuel Supplies Remain Tight

23 October 2026, 3:25pm
However, the European Commission assured there was 'currently no physical shortage of these products in Europe'.
Read more... (source: www.rigzone.com)

SLB Sees Growth Driven by ME Oil Field Recovery

23 October 2026, 2:52pm
SLB, formerly known as Schlumberger, is seen as a bellwether for oil and gas companies.
Read more... (source: www.rigzone.com)

Norway Gas Production Hits Lowest Level This Year

23 October 2026, 2:50pm
Norway produced over 10.5 billion cubic feet per day of natural gas in September, its lowest monthly figure this year, according to preliminary official data.
Read more... (source: www.rigzone.com)

DOE Advancing Constitution Pipeline to 'Strengthen Security'

23 October 2026, 2:39pm
'The Trump administration is advancing the long-delayed natural gas pipeline to strengthen America's energy security', the DOE said.
Read more... (source: www.rigzone.com)

Eni Further Boosts Shareholder Returns

23 October 2026, 1:59pm
The payout bump-up is underpinned by a strong cash flow outlook as production and prices increased year-on-year.
Read more... (source: www.rigzone.com)

Global Crude Freight Rate Surges

23 October 2026, 12:39pm
The global average crude freight rate surged above $20 per barrel, from $3 per barrel a year ago, analysts at Goldman Sachs said.
Read more... (source: www.rigzone.com)

Shell, ExxonMobil Said to Put Chemicals JV Up for Sale

23 October 2026, 10:09am
The sale may attract interest from private equity suitors, and the oil companies are aiming for a deal that values the unit at about $8 billion, according to the Financial Times.
Read more... (source: www.rigzone.com)

Oil Hits $114 Intraday

23 October 2026, 9:45am
The price of Brent crude oil reached $114 per barrel intraday on Friday.
Read more... (source: www.rigzone.com)

China's Petrochemicals Glut Turns to Crunch

22 October 2026, 8:00pm
China has burned through much of a petrochemicals glut built up by years of overproduction as the U.S.-Iran war chokes oil flows.
Read more... (source: www.rigzone.com)

Oil Surges 4% After Deadly Saudi Attacks

22 October 2026, 7:55pm
Brent climbed above $113 amid Saudi attacks and renewed Iran tensions, while global diesel supplies remained tight.
Read more... (source: www.rigzone.com)

USA Crude Oil Stocks Drop 3MM Barrels WoW

22 October 2026, 2:36pm
Commercial crude oil stocks, not including the SPR, came in at 412.517 million barrels on October 16, the EIA's latest weekly petroleum status report showed.
Read more... (source: www.rigzone.com)

Saudi Aramco Evacuates HQ

22 October 2026, 2:17pm
The kingdom is on alert after a flurry of attacks from Yemen's Houthis in recent weeks.
Read more... (source: www.rigzone.com)

Tamboran CEO Abbott Takes on Dual Role as Managing Director

22 October 2026, 2:11pm
The new appointment 'formalizes his executive leadership at the board level as the company moves from the appraisal phase into development', the early-stage natural gas exploration and production company said.
Read more... (source: www.rigzone.com)

U.S. refineries have been running at very high rates in 2026

22 October 2026, 2:00pm
The U.S. refinery fleet has run at higher-than-normal rates this year, with refinery utilization averaging more than 95% of capacity between May and September, the highest for those months since 1998. Tight global product supplies this year have boosted margins for petroleum products, particularly for diesel, incentivizing the increased run rates.
Read more... (source: www.eia.gov)

Eni CCS Project in Italy Wins EU Funding

22 October 2026, 1:35pm
The Ravenna carbon capture and storage project on Italy's side of the Adriatic Sea is among 12 'large-scale' projects the European Commission selected for the Innovation Fund call issued last December.
Read more... (source: www.rigzone.com)

Santos Logs 49 Percent Quarter on Quarter Increase in Revenue

22 October 2026, 1:22pm
Santos reported around $2 billion in third-quarter sales revenue, up 49 percent from the prior three-month period as sales volumes increased 11 percent to 26.4 million barrels of oil equivalent.
Read more... (source: www.rigzone.com)

Oil Rises Intraday Amid Escalating Tensions

22 October 2026, 11:56am
Mahmoud Mashal, Senior Market Analyst at VT Markets Dubai, highlighted that both WTI and Brent oil prices were rising intraday 'as escalating tensions in the Middle East revived concerns over Gulf supply'.
Read more... (source: www.rigzone.com)

Iberdrola Raises Dividend by Nearly 9 Percent

22 October 2026, 10:45am
Iberdrola declared a dividend of EUR 0.275 per share for 2026, up 8.7 percent from 2025 as the Spanish power utility sustains growth in networks.
Read more... (source: www.rigzone.com)

Libyan Deal Paves Way for Broader Turkish Drilling in Mediterranean

22 October 2026, 9:21am
Turkey moved closer to expanding energy exploration in the eastern Mediterranean after the second of Libya's two governments endorsed maritime boundaries disputed by European Union members Greece and Cyprus.
Read more... (source: www.rigzone.com)

Hybrid sales rise while battery electric sales remain lower after tax credit expiration

19 October 2026, 2:00pm
In the third quarter of 2026 (3Q26), 23% of new light-duty vehicles sold in the United States were hybrid electric, battery electric, or plug-in hybrid electric vehicles, down slightly from 24% in 3Q25. Between 3Q25 and 3Q26, hybrid electric vehicles continued to gain market share, reaching 16% of light-duty vehicle sales. Growth of hybrid electric vehicle sales has slowed this quarter as the average transaction price for a new vehicle passed $50,000-the first time this price has been reached so far this year, according to Kelley Blue Book.
Read more... (source: www.eia.gov)