Geopolitical relief knocks oil prices down 3%.
U.S. and Iran prepare talks in Oman as market reacts to possible diplomatic detente.
Explore our content
SLB to lead development of Mutriba field in Kuwait
Kuwait Oil Company commissions SLB to develop Mutriba, a complex reservoir with extreme conditions and high potential.
Iberdrola and Norges Bank reach 1,500 MW of solar capacity
Two solar plants bring the renewable capacity in operation of the Iberdrola-Norges joint venture in Spain to 1,500 MW.
Phillips 66 beats forecasts and returns to positive territory thanks to improved margins
The level of capacity utilization remained close to the technical maximum, reflecting a stable operation.
PETRONAS secures long-term LNG supply with QatarEnergy
The agreement fixes stable volumes of liquefied natural gas for two decades and strengthens Malaysia's energy security.
Gulf stock markets rise on oil as Dubai records all-time highs
A survey showed that the UAE's non-oil private sector accelerated new business growth in January.
Oil majors double down on West Africa offshore blocks
Chevron, TotalEnergies and Shell expand their footprint in deepwater Africa as new discoveries fuel the race to replace mature reserves.
U.S. refineries face Venezuelan crude oversupply
The increase in exports from Venezuela exceeds the purchasing capacity of U.S. refineries and forces the company to seek new markets.
USA oil production reopens in Venezuela
Washington will allow companies to operate Venezuelan oil fields under supervised financial control following the capture of former President Nicolás Maduro.
Marathon Petroleum boosts earnings after applying stronger refining margins
The increase in refining margins strengthened the quarterly results and the positive market reaction.