Equinor and its partners are moving forward with plans for a fourth development phase at the giant Johan Sverdrup field after recent appraisal drilling confirmed additional recoverable resources in the North Sea. The company said discoveries at the Tonjer West, Tonjer East
WTI falls below $79.00 to three-month lows West Texas Intermediate (WTI) crude falls around 5%, reaching a three-month low of $78.60 per barrel on Monday. Crude oil prices declined to three-month lows on easing supply concerns following reports that the United States (US)
Oil prices slide 5% after a US-Iran agreement lifts sanctions and reopens the Strait of Hormuz, reducing supply disruption risks. West Texas Intermediate crude fell to $78.60 per barrel, a three-month low, after a 5% decline on Monday. The drop followed a US-Iran deal anno
Oil benchmarks fell sharply as the Strait of Hormuz reopens, easing supply concerns after over 100 days of closure. Brent crude fell 3.95% to $83.88 per barrel in early Asian trading Monday after the U.S. and Iran agreed to reopen the Strait of Hormuz. WTI declined 4.62% t
Oil prices decline after reports of a US-Iran agreement ease geopolitical supply risks in the Middle East. West Texas Intermediate crude fell to $79.40 in early Asian trading, marking a two-month low. The drop follows reports of a US-Iran agreement aimed at ending nearly f
Oil prices fall as Washington and Tehran agree to end military operations and reopen the Strait of Hormuz by Friday. West Texas Intermediate crude slid to $79.40 in early Asian trading, hitting a two-month low. The decline follows reports of a US-Iran peace agreement, whic
Iran oil sanctions suspended, $24 billion unfrozen The 14-article draft MOU outlines a 30-day deadline for the Hormuz reopening and excludes Iran's missile program from talks. The agreement suspends oil sanctions on Iranian crude and petrochemical sales, which will
Analysts question SpaceX's $226 billion valuation, requiring two successful moonshots to justify the price tag amid broader market shifts. US equity futures edged higher early Monday, with S&P 500 (ES) and Nasdaq (NQ) contracts up 0.7% and 1%, respectively, while oil price
"You're hitting tank bottom." That is the phrase one oil industry executive used to describe the state of global petroleum inventories, in a conversation the executive said had already been shared with senior officials in Washington. The same person gave it an unusually sp
Energy firms show limited appetite for Alaskan drilling rights amid regulatory uncertainty and environmental concerns. Alaska’s latest oil and gas lease auction attracted minimal investor interest, despite recent policy changes favoring fossil fuel development. The subdued
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