Crude Finishes Higher on Short Covering
WTI closed above $60 as shaky Ukraine cease-fire talks kept a risk premium in the market.
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ITT Agrees to Buy Lone Star's SPX Flow in $4.8B Deal
ITT Inc. has agreed to acquire industrial equipment manufacturer SPX Flow Inc. from Lone Star Funds.
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Chevron, Gorgon Partners OK $2B to Drill for More Gas
Gorgon, on the remote Barrow Island in northwestern Australia, is the largest resource development in Australia's history.
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Today's $67 Per Barrel Is Only $44 in 2008 Dollars
Today's $67 per barrel is only $44 per barrel in 2008-dollars, SEB Chief Commodities Analyst Bjarne Schieldrop said.
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Crescent Says Signed Over $900MM Non-Core Divestments
The latest divestment involves its non-operated DJ Basin assets, which will be acquired by an unnamed private buyer for $90 million.
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Oil Could be Significantly Impacted by USA-VEN Tensions
Benchmark crude oil prices could be impacted significantly by escalating military tensions between the U.S. and Venezuela, Rystad warned.
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PTTEP Eyes 8 Percent Growth in Sales Volume Next Year
'This growth reflects strong momentum from our operational expansion in Thailand and overseas this year, which has already translated into higher sales volume and revenue, and will continue to support our performance into 2026 and beyond'.
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Var Energi Hits New Oil Discovery Near Goliat
Var Energi confirmed a new oil discovery on Norway's side of the Barents Sea, the second discovery in weeks in its ongoing Goliat Ridge drilling campaign.
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US Extends Reprieve for Lukoil Fuel Stations Outside Russia
The Trump administration extended a waiver for Lukoil's gas stations outside of Russia, allowing them to continue operations until late April 2026.
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UK Energy Tech Firm Seeks $500MM in Funding Round
Kraken Technologies Ltd has kicked off a fresh funding round to raise about $500 million, according to people familiar with the matter.