Energy News, Top Headlines, Commentaries, Features & Events

Mideast Conflict Puts Argentina’s Vaca Muerta Shale in Focus, Analysts Say

May 14, 2026 by EnergyNow Media

$tenaris frack set in the vaca muerta formation in argentina 1200x810$

(Reuters) – Argentina has launched its biggest Vaca Muerta shale bid round in a decade, offering 15 exploration blocks as energy companies and importing nations seek more reliable crude supplies amid heightened Middle East tensions. The auction, run by Neuquen provincial energy company Gas y Petroleo del Neuquen (GyP), comes as concerns over disruption to … Read more

IPCE - International Pipeline Conference and Expo 2026

White House Has Few Tools for Gas-Price Relief as Iran War Drags On

May 14, 2026 by EnergyNow Media

Summary White House weighs gas tax suspension as fuel prices surge, options dwindle Polls show most Americans feel financial strain, many doubt war is worth the cost Some Republicans back gas tax suspension, but party leaders are so far noncommittal (Reuters) – Trump administration officials are scrambling to contain the economic and political fallout … Read more

US House Passes Bill Allowing Year-Round Sales of E15 Gasoline

May 14, 2026 by EnergyNow Media

(Reuters) – The U.S. House passed legislation on Wednesday that would allow nationwide year‑round sales of gasoline containing 15% ethanol, handing a major win to biofuel producers and ‌farm groups while raising concerns among refiners about higher compliance costs. The H.R. 1346 bill, or the Nationwide Consumer and Fuel Retailer Choice Act, approved by a vote of … Read more

New Attacks Reported on Ships Near Hormuz as Trump Discusses Iran with Xi

May 14, 2026 by EnergyNow Media

Summary Trump expected to seek China’s help to break Iran impasse Rubio warns Beijing that support for Tehran risks US-China ties Iran war reshapes Middle East alliances, with disputed reports of secret Israel-UAE talks US, Iran demands remain far apart; Vance says progress being made (Reuters) – U.S. President Donald Trump discussed the Iran war with … Read more

Land Management Company EagleRock Raises About $320 Million in US IPO

May 14, 2026 by EnergyNow Media

EagleRock, a land and resource management company that collects royalties and fees from oil and gas ‌production on the land it controls in the Permian Basin, has raised $320.1 million in its U.S. initial public offering on Wednesday. The Houston-based company sold 17.3 million shares at $18.50 apiece, touching a mid-point of its marketed … Read more

The Evolving Role of Video in Energy Operations: Insights from the Axis Perspectives Report

May 14, 2026 by EnergyNow Media

By Jason Chiu AXIS D2123-VE monitoing a solar field Energy operations are often defined by environments that are remote, complex, and difficult to access. From pipelines that span vast geographies to well sites and processing facilities operating under demanding conditions, maintaining consistent awareness is not just a technical challenge – it is an operational requirement. … Read more

Oil Prices Flat After Iran Says Dozens of Vessels are Crossing Hormuz

May 14, 2026May 14, 2026 by EnergyNow Media

Summary Trump, Xi begin Beijing talks with trade truce, Iran war in focus China- and Japan-linked oil tankers pass through Hormuz (Reuters) – Oil prices were flat, having erased some earlier gains, on Thursday after Iran’s state media said about 30 vessels had ‌crossed the Strait of Hormuz in recent hours while the semi-official Fars … Read more

US EIA Concedes Middle East Supply Disruptions are Far Worse Than Prior Estimates

May 14, 2026May 14, 2026 by EnergyNow Media

A desert oil field in the Sakhir area of Bahrain. The country ranks 57th in the list of oil producers. Photograph: Hasan Jamali/AP

By Shariq Khan and Scott Disavino EIA now sees Middle East oil supply losses peaking at 10.8 mln bpd in May Global oil inventories expected to fall 2.6 mln bpd this year, keeping prices elevated EIA cuts global oil demand growth forecast, cites high prices and demand destruction NEW YORK, May 12 (Reuters) – The … Read more

U.S. Officials Flag Prospect of Chinese Energy Purchases After Trump-Xi Meeting

May 14, 2026May 14, 2026 by EnergyNow Media

(Reuters) – U.S. officials raised the prospect of China buying more American energy after Presidents Donald Trump and Xi Jinping held talks in Beijing on ‌Thursday. The White House said Xi expressed interest in buying more U.S. oil to reduce China’s dependence on the Strait of Hormuz in a readout of the two-hour-plus summit … Read more

US Upstream Oil and Gas Dealmaking Hit Two-Year High in Q1 2026

May 14, 2026May 14, 2026 by EnergyNow Media

By Georgina Mccartney HOUSTON, May 13 (Reuters) – Dealmaking in the U.S. upstream oil and gas sector jumped to $38 billion in the first quarter of this year, marking the highest quarterly total in two years, analytics firm ‌Enverus said on Wednesday. Shale producer Devon (DVN.N) and smaller rival Coterra closed on their merger last … Read more

Venezuela Starts Sovereign, PDVSA Debt Overhaul; Liabilities Seen Above $150 bln

May 13, 2026 by EnergyNow Media

venezuela's 2024 oil exports climb 10.5% amid political turmoil 1200x810

By Rodrigo Campos May 13 (Reuters) – Venezuela on Wednesday launched a restructuring of its sovereign debt and that of state oil firm PDVSA, lifting bond prices, as it seeks relief from what it called unsustainable obligations. In a statement, ‌the government said the “comprehensive and orderly” overhaul would cover both sovereign debt and that … Read more

Exxon, Chevron Face Dissent From Proxy Firms Ahead of Annual Meetings

May 13, 2026 by EnergyNow Media

By Sheila Dang HOUSTON, May 13 (Reuters) – Proxy advisory firms Glass Lewis and Institutional Shareholder Services have recommended that Exxon Mobil (XOM.N) and Chevron (CVX.N) investors vote against some of the boards’ stances on shareholder proposals, including against ‌Exxon’s plan to redomicile in Texas. Both U.S. oil producers have long been the subject of … Read more

US Crude and Gasoline Inventories Fell Last Week, Distillates Rose, EIA Says

May 13, 2026 by EnergyNow Media

(Reuters) – U.S. crude and gasoline stocks fell last week while distillate inventories rose, the U.S. Energy Information Administration said on Wednesday. Crude inventories fell by 4.3 million barrels to 452.9 million barrels last week, the EIA said, compared with analysts’ expectations in a Reuters poll for a 2.1-million-barrel draw. Crude stocks at the Cushing, … Read more

US Energy Firms Pull Record Amounts of Crude From SPR Last Week, EIA Says

May 13, 2026 by EnergyNow Media

storage strategic reserve1200x810 dec 1 2022

(Reuters) – U.S. energy firms pulled a record 8.6 million barrels of crude from the Strategic Petroleum Reserve (SPR) in the week ended May 8, reducing the total amount of oil in the SPR to 384.1 million barrels, the lowest since October 2024, the U.S. Energy Information Administration said in its weekly Petroleum Status Report … Read more

Solar to Surpass Coal in Texas Power Generation in 2026, EIA Says

May 13, 2026 by EnergyNow Media

(Reuters) – Annual electric power generation from utility-scale solar will surpass that from coal for the first time in 2026 within the electricity grid, the U.S. Energy Information Administration said in its latest Short-Term Energy Outlook on Wednesday. Solar generation in the Electric Reliability Council of Texas (ERCOT) grid, which serves most of the state, … Read more

U.S. Upstream M&A Hits $38 Billion in 1Q26 Before Volatility Temporarily Pauses the Market

May 13, 2026 by EnergyNow Media

Higher oil prices set to trigger wave of deals as private sales accelerate CALGARY, Alberta (May 13, 2026) — Enverus Intelligence® Research (EIR), a subsidiary of Enverus, the leading energy data analytics platform, has released its summary of recent U.S. upstream M&A activity and market outlook, highlighting a strong start to 2026 followed by a volatility-driven … Read more

OPEC Cuts 2026 Global Oil Demand Growth Forecast

May 13, 2026 by EnergyNow Media

Summary OPEC cuts Q2 oil demand forecast by further 500,000 bpd amid Iran war impact OPEC+ output drops by 1.74 million bpd in April on Hormuz closure Raises 2027 demand growth prediction by 200,000 bpd to 1.54 million bpd (Reuters) – OPEC on Wednesday lowered its forecast for global oil demand growth in 2026, joining … Read more

US EIA Concedes Middle East Supply Disruptions are Far Worse Than Prior Estimates

May 13, 2026 by EnergyNow Media

Reuters The U.S. Energy Information Administration on Tuesday revised its earlier forecasts to reflect a much bigger and lengthier hit to global oil supplies from the Iran war than it previously projected, highlighting the uncertainty that has roiled broader energy markets since the conflict began three months ago. Energy analysts have found it difficult to … Read more

Global Oil Supply to Plunge Below Demand This Year Due to Iran War, IEA says

May 13, 2026 by EnergyNow Media

Summary Supply losses from Gulf producers exceed 1 billion barrels, IEA reports IEA forecasts market to remain undersupplied through Q3 2026 even if conflict ends soon IEA sees 2026 global oil supply falling 3.9 million bpd due to ongoing war IEA estimates 246 million barrel inventory drawdown in March and April (Reuters) – Global oil … Read more

The Future of Hazardous Area Inspections is Autonomous

May 13, 2026 by EnergyNow Media

As the oil and gas industry faces aging infrastructure, tightening emissions regulations, and a growing skilled labor shortage, one question is defining the next decade of operations: how do you inspect what you can’t safely reach? Microwatt Controls is heading to the Energy and Drone Summit this June with an answer, and it is the only one … Read more

RANKED: The Top Crude Oil Producers in 2025 – Visual Capitalist – See How Countries Rank

May 13, 2026May 13, 2026 by EnergyNow Media

crude oil production by country march 2026 1200x810

By Gabriel Cohen | Editing Niccolo Conte | Design Sabrina Lam Key Takeaways The U.S. was the world’s largest crude oil producer in 2025, pumping 13.58 million barrels per day. Five of the world’s top 10 crude oil producers are in the Middle East. Russia and Saudi Arabia ranked second and third globally, each producing … Read more

Oil Little Changed as Trump Heads to China

May 14, 2026May 13, 2026 by EnergyNow Media

Summary Oil prices remain above $100 per barrel Investors await Trump-Xi meeting in Beijing US inflation posts largest gain in three years (Reuters) – Oil prices were little changed on Wednesday as investors monitored a fragile Middle East ceasefire and awaited a high-stakes summit in Beijing between U.S. President Donald Trump and China’s Xi Jinping. Brent crude futures were up 23 … Read more

The Battle for Hormuz Risks Sparking the Next Iran Clash: Bousso

May 13, 2026May 13, 2026 by EnergyNow Media

(Reuters) – The Strait of Hormuz has emerged as the central battleground of the Iran conflict. The passage of a handful of oil and gas tankers in recent days, apparently with Tehran’s consent, hints at tacit acceptance of its control. This foreshadows a more dangerous phase in what is fast turning into a Hormuz war. … Read more

US LNG Vessels Leave for China After Year-Long Pause Ahead of Trump-Xi Summit

May 12, 2026 by EnergyNow Media

By Scott Disavino and Curtis Williams Three vessels head to China after direct shipment pause Chinese buyers resold US LNG cargoes to other countries US LNG shipments to China dropped sharply since 2025 NEW YORK/HOUSTON, May 12 (Reuters) – China could receive in June its first direct U.S. liquefied natural gas shipment in more than … Read more

API Shows Another Weekly Fall in US Crude Stocks But Gasoline Inventories Rise, Sources Say

May 12, 2026 by EnergyNow Media

NEW YORK, May 12 (Reuters) – U.S. crude oil inventories fell for a ‌fourth straight week last week, while distillate inventories also declined. Motor gasoline stocks, however, ⁠rose, according to market sources citing American Petroleum Institute data released on Tuesday. Crude stocks fell by 2.2 million barrels in the week ended ‌May ⁠8, the sources … Read more

Iraq, Pakistan Strike Energy Deals With Iran as Tehran Flexes Hormuz Control

May 12, 2026 by EnergyNow Media

middle east map with iran featured 1200x810

(Reuters) – Both Iraq and Pakistan have cut deals with Iran to ship oil and liquefied natural gas from the Gulf, according to five sources with knowledge of the matter, in a demonstration of Tehran’s ability to control energy flows through the Strait of Hormuz. The U.S.-Israeli war with Iran has slashed energy exports from … Read more

US Power Use to Beat Record Highs in 2026 and 2027 as AI Use Surges, EIA Says

May 12, 2026 by EnergyNow Media

(Reuters) – U.S. power consumption, which hit its second straight annual record high in 2025, will rise further in 2026 and 2027, the Energy Information Administration said in its Short-Term Energy Outlook on Tuesday. The EIA projected power demand will rise from a record 4,195 billion kilowatt-hours (kWh) in 2025 to 4,248 billion kWh in … Read more

US Government’s Energy Arm Assumes Strait of Hormuz Will Stay Shut Through Late May

May 12, 2026 by EnergyNow Media

strait of hormuz with oil barrels 1200x810

(Reuters) – The U.S. Department of Energy’s statistical arm on Tuesday said it assumes that the Strait of Hormuz will be effectively shut through late May and traffic will resume gradually from next month, prompting the agency to hike its forecasts for U.S. motor fuel prices. Iran’s chokehold on the Strait of Hormuz in its … Read more

Download the Executive Conference Program | Global Energy Show Canada | June 9 –11, Calgary

May 12, 2026 by EnergyNow Media

global energy show canada gesc26 1200x810 1

From Positioning to Building In the past twelve months, Canada loaded its first LNG cargo at Kitimat, advanced a federal-Alberta corridor agreement to open a new Pacific export route, and established the Canada Strong Fund, the nation’s first sovereign wealth fund, with a $25 billion federal commitment to co-invest alongside private capital. Enbridge’s $4 billion … Read more

U.S. Asks to Keep Collecting Trump’s Tariffs After Court Loss

May 12, 2026 by EnergyNow Media

The government’s appeal of that decision is pending before the U.S. Court of Appeals for the Federal Circuit By Zoe Tillman The Trump administration asked the United States trade court to pause a ruling that declared the president’s latest 10 per cent global tariffs unlawful while the government appeals, meaning importers would keep paying the … Read more

Trump’s Gas Tax Holiday Would Cost US$3.5 Billion a Month

May 12, 2026 by EnergyNow Media

Trump is seeking to suspend the federal 18.4 cents U.S. a gallon tax on gasoline By Will Kubzansky A federal gasoline tax holiday as proposed by U.S. President Donald Trump would result in billions of dollars in lost tax revenue each month, independent budget analysts say. Trump told reporters at the White House on Monday … Read more

China’s Commodity Imports Show Hormuz Impact as Oil Slides, Metals Rise: Russell

May 12, 2026 by EnergyNow Media

FILE PHOTO: An oil tanker unloads crude oil at a crude oil terminal in Zhoushan, Zhejiang province, China July 4, 2018. Picture taken July 4, 2018. REUTERS/Stringer

(Reuters) – The Iran war is starting to shape China’s imports of major commodities, with April data showing a sharp decline in crude oil but rising trade in metals. The headline-grabbing number from the figures released last week by customs was the slide in arrivals of crude oil, with the world’s biggest importer taking in … Read more

Iran Now Defines Strait of Hormuz as Far Larger Zone, IRGC Officer Says

May 12, 2026 by EnergyNow Media

(Reuters) – Iran has expanded its definition of the Strait of Hormuz into a “vast operational area” far wider than before the Iran war, according to a senior officer in the Islamic Revolutionary Guard Corps (IRGC) Navy. The strait is no longer viewed as a narrow stretch around a handful of islands but instead has … Read more

Top Asian LNG Markets Boost Coal Use as Iran War Limits Supply

May 12, 2026 by EnergyNow Media

(Reuters) – Major Asian liquefied natural gas (LNG) importers Japan and South Korea ramped up coal-fired power generation in April and into early May, market data showed, as the Iran war disrupted supplies of the super-chilled fuel and boosted prices. Japan’s gas-fired power supply hit two-year lows in April and South Korea’s dropped to six-month … Read more

A Trump-Xi Deal Could Revive US Energy Exports to China

May 12, 2026 by EnergyNow Media

(Reuters) – U.S. President Donald Trump will arrive in Beijing this week for a summit with President Xi Jinping on May 14 to 15, where U.S. officials say a deal for Beijing to buy more U.S. energy could be under consideration. Tariffs imposed during the U.S.-China trade war have halted most Chinese imports of U.S. … Read more

ISS Recommends Shareholders Vote Against Exxon Moving its Registration to Texas

May 12, 2026 by EnergyNow Media

(Reuters) – Shareholder proxy adviser Institutional Shareholder Services has recommended ‌investors vote against a proposal by Exxon Mobil’s board to move its location of incorporation to Texas, saying this would impose ⁠greater hurdles for shareholders seeking accountability for directors and officers. Exxon is seeking to abandon its corporate registration in New Jersey and redomicile in Texas where … Read more

ADNOC Drilling Ready to Expand UAE Oil Capacity Past 5 Million Bpd Target if Asked

May 12, 2026 by EnergyNow Media

Summary ADNOC Drilling outpaces rig deployment targets ADNOC Drilling ready to meet increased demand if required Operations unaffected by war disruptions, maintains 98% rig availability in Q1 Unconventional oil and gas projects advancing (Reuters) – ADNOC Drilling is ready to expand the United Arab Emirates’ oil ‌production capacity beyond its current target of 5 million … Read more

NEW PIPELINE FEARS ARE POLITICAL, MISGUIDED & OUT OF TOUCH: How Technology, Engineering, and Monitoring Have Transformed Energy Transportation

May 12, 2026May 12, 2026 by EnergyNow Media

cec pipeline worker march 5 2021 1200x810

Over the last 30 years, North America’s oil and natural gas pipeline industry has undergone a major technological transformation. Modern pipelines are dramatically safer, more durable, and more closely monitored than the systems built in the mid-20th century. Advances in metallurgy, welding, leak detection, automation, digital monitoring, and integrity management have significantly reduced the risk … Read more

US Issues New Sanctions Over Iran’s Oil Shipments to China

May 12, 2026May 12, 2026 by EnergyNow Media

us treasury secretary scott bessent 1200x810

By Andrea Shalal and Daphne Psaledakis Three people, nine companies hit with sanctions Four firms based in Hong Kong, four in UAE WASHINGTON, May 11 (Reuters) – The U.S. government on Monday announced sanctions against three people and nine companies, including four based in Hong Kong and four in the United Arab Emirates, for aiding … Read more

Blackstone and Halliburton Said to Invest $1 Billion in VoltaGrid

May 12, 2026May 12, 2026 by EnergyNow Media

By Ryan Gould Blackstone Inc. and Halliburton Co. are investing a combined $1 billion into VoltaGrid, an energy startup that makes gas-powered microgrids that are used to power data centers. Blackstone’s Tactical Opportunities strategy and Halliburton are injecting $775 million of fresh capital and buying $225 million from existing shareholders, according to a statement Monday … Read more

US to Loan 53.3 Million Barrels of Oil From Strategic Petroleum Reserve

May 12, 2026May 12, 2026 by EnergyNow Media

By Timothy Gardner May 11 (Reuters) – The Trump administration said on Monday it will loan energy companies 53.3 million barrels ‌of crude from the U.S. Strategic Petroleum Reserve as part of a global agreement to calm oil markets that have spiked on the U.S.-Israeli war with Iran. Nine companies, including Exxon Mobil (XOM.N), Trafigura, … Read more

Strait of Hormuz Disruption Could Push Oil Market Recovery into 2027, Aramco CEO Says

May 12, 2026May 12, 2026 by EnergyNow Media

strait of hormuz april 13 2 2026 1200x810

(Reuters) – Disruption to oil exports via the Strait of Hormuz is threatening to delay the market’s return to normal until 2027, Saudi Aramco CEO Amin Nasser warned on Monday. “The longer the supply disruptions continue, even for another few more weeks, it is going to take a much longer time for the oil market … Read more

Oil Prices Jump on Latest US-Iran Peace Process Impasse

May 13, 2026May 12, 2026 by EnergyNow Media

Summary Iran demands compensation for war damage Reiterates sovereignty over Strait of Hormuz U.S. crude inventories likely to have fallen, poll shows Trump meeting with China’s Xi in focus LONDON, May 12 (Reuters) – Oil prices rose by more than 3% on Tuesday as stark ‌differences between the U.S. and Iran on a proposal to … Read more

Aramco Could Reach Oil Production Capacity of 12 Million bpd in Three Weeks if Required, CEO Says

May 12, 2026May 12, 2026 by EnergyNow Media

(Reuters) – Saudi state oil giant Aramco could reach a maximum sustainable oil production capacity of 12 million barrels per day in three weeks if required, CEO Amin Nasser said on Monday. He said that the energy supply shock that began in the first-quarter was the largest the world has ever experienced, and that if … Read more

Trump Backs Reducing Federal Gasoline Tax ‘Till it’s Appropriate’

May 12, 2026May 12, 2026 by EnergyNow Media

By Nandita Bose and Timothy Gardner Gas prices surge on Iran war, creating political risk for Trump and Republicans before midterms Gas tax suspension requires congressional approval, with Senator Hawley introducing supporting legislation Senator Mark Kelly, other Democrats, previously proposed waiver until October WASHINGTON, May 11 (Reuters) – President Donald Trump said on Monday he … Read more

JP Morgan Sees Brent Staying in Low $100s Even if Hormuz Reopens in June

May 12, 2026May 12, 2026 by EnergyNow Media

(Reuters) – JP Morgan expects Brent crude to remain in the low-$100s for much of 2026, even if the Strait of Hormuz reopens in June, as accelerating inventory draws and logistical bottlenecks keep the oil market tight, the bank said in a note. JP Morgan’s revised framework assumes that the pace of oil inventory depletion … Read more

Trump Says Iran Ceasefire on ‘Life Support’ After Rejecting Tehran’s Response

May 11, 2026 by EnergyNow Media

Trump says Iran ceasefire on ‘life support’ after rejecting Tehran’s response President Donald Trump said on Monday that the ceasefire with Iran was “on life support,” after dismissing Tehran’s response to a U.S. peace proposal as “stupid.” Trump’s swift rejection of Iran’s response on Sunday has fueled concerns that the 10-week-old conflict will drag on … Read more

Oil Market Will Lose Around 100 Million Barrels Every Week, if Strait of Hormuz Remains Closed, Aramco CEO Says

May 11, 2026 by EnergyNow Media

(Reuters) – The oil market will lose around 100 million barrels every week, if the disruptions in the Strait of Hormuz continue at the current rate and it remains closed, the CEO of Saudi oil giant Aramco, Amin Nasser, said on Monday. “We expect demand rationing to continue as long as supply remains disrupted through … Read more

US Natgas Futures Rise 3% as Output Falls and Waha Prices Stay Negative

May 11, 2026 by EnergyNow Media

(Reuters) – U.S. natural gas futures climbed about 3% to a one-week high on a decline in output in recent weeks. That price increase came despite forecasts for less demand next week than previously expected and ample amounts of gas in storage. Front-month gas futures for June delivery on the New York Mercantile Exchange rose … Read more

OPEC Oil Output Hits New Low in April on Hormuz Export Disruption, Reuters Survey Finds

May 11, 2026 by EnergyNow Media

By Alex Lawler OPEC April output plunges 830,000 bpd Eight OPEC+ producers had pledged to raise output before Iran war forced export cuts Biggest drop is in Kuwait LONDON, May 11 (Reuters) – OPEC oil output dropped further in April to the lowest ‌in more than two decades, a Reuters survey found, as the U.S.-Israeli … Read more

Why Millions of Americans Pay for Unfinished Electricity Projects

May 11, 2026 by EnergyNow Media

By Tim McLaughlin Policies shift project financing risk to ratepayers, raising bills before projects are completed Consumer advocates and businesses warn advanced funding may not deliver promised savings Georgia’s Vogtle nuclear project highlights risks of cost overruns and public backlash BOSTON, May 9 (Reuters) – Millions of Americans are unknowingly financing electric grid projects before … Read more

India Declines Russian LNG Under Sanctions, Talks Continue on Permitted Cargoes, Sources Say

May 11, 2026 by EnergyNow Media

russia’s arctic lng 2 plant cut runs to five month low amid sanctions 1200x810

By Krishna N. Das and Nidhi Verma India not keen to buy LNG subject to sanctions despite talks, say sources Tanker carrying unauthorised LNG diverted after talks falter, says source India conveyed decision to Russian deputy energy minister – source NEW DELHI, May 11 (Reuters) – India has declined Russia’s offer to sell it liquefied … Read more

Hormuz Closure Extends Well Beyond Oil to Threaten Chinese EVs: Russell

May 11, 2026 by EnergyNow Media

(Reuters) – Buyers of electric vehicles and consumers of a diet cola in India may seem to be two groups with little in common, but they are both at risk from the fallout from the ongoing closure of the Strait of Hormuz. The longer the narrow waterway remains closed to most vessels the more pronounced … Read more

Second Qatari LNG Tanker Heads Through Hormuz to Pakistan as Iran War Continues, Data Shows

May 11, 2026 by EnergyNow Media

lng tanker approaching japan cec 1200x810 1

(Reuters) – A second Qatari liquefied natural gas tanker is transiting the Strait of Hormuz days after the first such cargo crossed under an arrangement involving Iran and Pakistan, highlighting how cargoes are crossing the waterway on a case-by-case basis amid ongoing conflict risks. The vessel, Mihzem, with capacity of 174,000 cubic metres, departed Ras … Read more

Iran Planned for US Blockade’s Effect on Oil Sector, Minister Says

May 11, 2026 by EnergyNow Media

uss kearsarge (lhd 3) transits the strait of hormuz.

(Reuters) – Iran’s oil sector has faced some issues since the start of a U.S. maritime blockade on Iranian ports, but the oil ministry has taken countermeasures, Iran’s Oil Minister Mohsen Paknejad said on Monday to state TV, without specifying the measures. “During the 40 days of war, our production didn’t decrease and the export … Read more

COMMENTARY: How the Strait of Hormuz Has Become a Weapon of War

May 11, 2026May 11, 2026 by EnergyNow Media

By Julian Lee and Alex Longley No region of the world produces more oil and gas than the countries straddling the Persian Gulf. Most of this energy can only be exported aboard tankers that cross the Strait of Hormuz — a waterway that’s effectively been blocked for more than two months. Iran has throttled traffic … Read more

Diamondback Bets on Wider WTI-Brent Gap Amid US Export Ban Concerns

May 11, 2026May 11, 2026 by EnergyNow Media

(Reuters) – U.S. producer Diamondback Energy bought options to sell the price difference between U.S. West Texas Intermediate crude and globally traded Brent crude at around minus $42 a barrel in coming months, according to the company’s quarterly filing, a bet that could pay off if the United States banned oil exports. The unusual hedge … Read more

Oil Rises $3 After Trump Rejects Iran’s Response to US Peace Proposal

May 12, 2026May 11, 2026 by EnergyNow Media

Summary Trump calls Iran’s response to U.S. peace proposal ‘unacceptable’ Trump, Xi to discuss Iran among other topics later this week Aramco CEO warns 1 billion barrels lost will slow oil market recovery 3 more tankers exit Strait of Hormuz with trackers switched off (Reuters) – Oil prices rallied on Monday, a day after President Donald … Read more

Enbridge Sees Best North American Energy Investment Climate in Over a Decade

May 11, 2026May 11, 2026 by EnergyNow Media

By Amanda Stephenson Enbridge eyes $10-20 billion in new capital investments over next 24 months Company views rival Canadian pipeline proposals as a sign of industry confidence and growth CEO Greg Ebel highlights surge in demand for crude oil export capacity at Ingleside terminal May 8 (Reuters) – The ‌investment climate for energy infrastructure in … Read more

US, Iran No Closer to Ending War as Gulf Clashes Flare

May 11, 2026May 10, 2026 by EnergyNow Media

The U.S. and Iran appeared no closer this past weekend to finding an end to their war after the two sides traded fire in the Gulf amid a tenuous ceasefire, while a U.S. intelligence analysis concluded Tehran could withstand a naval blockade for months. Recent days have seen the biggest flare-ups in fighting in and … Read more

Putin Says he Thinks the Ukraine Conflict is Coming to an End

May 10, 2026 by EnergyNow Media

putin zelensky image with ukraine map 1200x810

Russian President Vladimir Putin said on Saturday that he thought the Ukraine conflict was coming to an end. Russia’s 2022 invasion of Ukraine triggered the most serious crisis in relations between Russia and the West since the 1962 Cuban Missile Crisis, when many people feared the world was on the brink of nuclear war. “I … Read more

Aramco CEO Warns 1 Billion Barrels Lost Will Slow Oil Market Recovery

May 10, 2026 by EnergyNow Media

The world has lost about 1 billion barrels of oil over the past two months and energy markets will take time to stabilise even if flows resume, Saudi Aramco’s CEO said on Sunday, as shipping disruptions choke traffic through the Strait of Hormuz. “Our objective is simple: keep energy flowing, even when the system is … Read more

THE ISSUES: What’s Included in Talks to End the Iran War and Reopen Hormuz?

May 11, 2026May 9, 2026 by EnergyNow Media

REUTERS – With the standoff over the frozen Iran war threatening a global economic meltdown, Washington and Tehran have scaled back their efforts to agree a comprehensive peace deal and now seek a limited pact putting off the harder issues. This is what we know about the proposals under discussion and where they leave the … Read more

Ranked: The World’s Largest Oil Stockpiles – Visual Capitalist

May 8, 2026 by EnergyNow Media

By Cody Good | Design Cynthia Tran Vo Key Takeaways China holds an estimated 1.4 billion barrels of strategic crude oil inventory, more than the next nine largest stockpiles combined. The U.S., Japan, and OECD Europe are the next-largest holders, reflecting decades of preparation for major oil supply shocks. Global strategic oil inventories are one … Read more

Freeport LNG Plant in Texas Expected to Reduce Output for Maintenance in Coming Days, Sources Say

May 8, 2026 by EnergyNow Media

(Reuters) – U.S. LNG exporter Freeport LNG is expected to reduce output in the coming days due to unplanned maintenance at the Texas plant, twomarket sources said. The work at the third largest LNG export facility in the U.S. could last through May and have prompted the company to cancel three previously scheduled cargoes, the … Read more

Oil Jumps After Renewed US-Iran Fighting, Then Pares Gains

May 8, 2026May 8, 2026 by EnergyNow Media

By Erwin Seba Oil benchmarks pare gains of as much as 3% Brent, WTI on course for falls of more than 7% for the week HOUSTON, May 8 (Reuters) – Brent crude futures jumped as much as 3% on Friday, a day after the U.S. and Iran traded air strikes, but pared gains as traders … Read more

Hormuz Woes Seen Lingering Into Second Half, Goldman Poll Shows

May 8, 2026 by EnergyNow Media

By Mia Gindis Wall Street is growing more convinced that shipping through the Strait of Hormuz will remain impaired into the second half of the year, highlighting expectations for a longer-lasting supply shock. A majority of surveyed investors expect flows through Hormuz to be disrupted beyond the end of June, and 43% of respondents don’t … Read more

China Confirms Attack on Oil Tanker in Strait of Hormuz Earlier This Week

May 8, 2026 by EnergyNow Media

(Reuters) – China’s foreign ministry confirmed on Friday that an oil products tanker carrying Chinese crew was attacked in the Strait of Hormuz, and expressed deep concern about vessels affected by the ongoing conflict in the Middle East. There are Chinese nationals aboard the vessel, but no reported crew casualties so far, foreign ministry spokesperson … Read more

Suspected Oil Spill Seen on Satellite Images Near Iran’s Kharg Island Export Hub

May 8, 2026 by EnergyNow Media

(Reuters) – A suspected oil spill covering dozens of square kilometres of sea near Iran’s main oil hub of Kharg Island has been seen on satellite imagery this week. The likely spill – appearing on images as a grey and white slick – covered waters to the west of the 8-kilometre (5-mile) long island, pictures … Read more

South Bow Working to Secure Required Permitting for Canada-US Oil Pipeline Proposal

May 8, 2026 by EnergyNow Media

(Reuters) – Canadian crude oil pipeline company South Bow said on Friday it is beginning efforts to obtain required permits across the U.S. route of its Prairie Connector project. The Alberta-to-Wyoming pipeline would use portions of pipe already installed in Canada as part of the cancelled Keystone XL project. South Bow said on a conference … Read more

US Drillers Add Oil and Gas Rigs for Third Week in a Row, Says Baker Hughes

May 8, 2026May 8, 2026 by EnergyNow Media

By Scott Disavino NEW YORK, May 8 (Reuters) – U.S. energy firms this week added oil and natural gas rigs for a third week in a row, the first three-week streak of increases since early ‌February, energy services firm Baker Hughes (BKR.O) said in its closely followed report on Friday. The oil and gas rig … Read more

Shale Producer Devon Energy Approves $8 Billion Share Buyback Plan

May 8, 2026 by EnergyNow Media

U.S. oil and gas producer Devon Energy said on Thursday its board had approved a $8 billion share repurchase program, a week after activist investorKimmeridge called for higher shareholder returns. Last week, Kimmeridge, a well-known activist investor in the energy sector, urged Devon’s incoming board to swiftly pursue asset sales, improve capital allocation and revamp … Read more

Enbridge Reports Strong First Quarter Results, Reaffirms 2026 Financial Guidance, and Grows Secured Backlog to $40 Billion

May 8, 2026 by EnergyNow Media

CALGARY, AB, May 8, 2026 /CNW/ – Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today reported first quarter 2026 financial results, reaffirmed its 2026 financial guidance and provided a quarterly business update. Highlights (All financial figures are unaudited and in Canadian dollars unless otherwise noted. * identifies non-GAAP financial measures. Please refer to Non-GAAP Reconciliations Appendices.) First … Read more

Trump’s Crackdown on China-Linked Solar Firms stalls U.S. Factory Boom

May 8, 2026 by EnergyNow Media

Summary Installers, banks, insurers shun China-linked U.S. solar factories Industry awaits guidance on new subsidy restrictions Financing delays threaten new U.S. power capacity as demand soars (Reuters) – Top solar companies, banks and insurers have stopped doing business with at least a half dozen recently built U.S. panel factories because of uncertainty over whether their … Read more

Canada’s Enbridge Tops Profit Estimates on Gas Transmission Strength

May 8, 2026May 8, 2026 by EnergyNow Media

Reuters – Enbridge reported first-quarter adjusted profit on Friday that surpassed analysts’ expectations as robust performance in its gas transmission and utility businesses offset softer results ‌in its liquids pipelines segment. See the Enbridge Press Release Here The pipeline operator is benefiting from rising demand for natural gas, utility infrastructure and power supply for data … Read more

Oil Pares Early Gains a Day After Renewed US-Iran Fighting

May 8, 2026May 8, 2026 by EnergyNow Media

Summary Oil benchmarks pare gains of as much as 3% Brent, WTI on course for falls of more than 7% for the week (Reuters) – Oil prices pared early gains on Friday, a ‌day after renewed fighting near the Strait of Hormuz raised new questions about the ceasefire between the United States and Iran. Brent … Read more

SUSPICIOUS TRADING: Oil-Price Bets Ahead of Iran War News Totalled $7 Billion, Reporting Shows

May 8, 2026May 8, 2026 by EnergyNow Media

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(Reuters) – A series of well-timed market bets on falling oil prices totalling as much as $7 billion during March and April spread across multiple exchanges and types of fuel and derivatives just before major Iranian policy announcements by U.S. President Donald Trump, according to traders, market experts and Reuters analysis of exchange data. The … Read more

Permian to US Gulf Coast Crude Pipeline Operational After Oil Spill

May 8, 2026May 7, 2026 by EnergyNow Media

By Georgina Mccartney and Arathy Somasekhar HOUSTON, May 7 (Reuters) – A pipeline that ships crude oil between the Permian basin in ‌West Texas and Houston was fully operational on Thursday after a brief outage due to a leak, operator ONEOK (OKE.N) said. Traders had received a shipping notice ⁠from ONEOK on Wednesday, seen by … Read more

UN Experts Warn US Fuel Blockade in Cuba Puts Human Rights at Risk

May 7, 2026 by EnergyNow Media

May 7 (Reuters) – U.S. President Donald Trump’s executive order in January to impose a fuel blockade on Cuba amounts to “energy starvation” with grave consequences for the Caribbean ‌island nation’s development and human rights, U.N. experts said on Thursday. Washington, which has imposed an embargo on the communist-run island since 1960, intensified measures this … Read more

Energy Markets Headed Into ‘Troubled Waters’ Amid Iran War, Head of IEA Says

May 7, 2026 by EnergyNow Media

By Wa Lone and Shariq Khan TORONTO, May 7 (Reuters) – Global energy markets are headed into ‘troubled waters’ as the Iran war continues to knock out ‌millions of barrels of oil each day, Fatih Birol, head of the International Energy Agency, said on Thursday at a conference in Toronto. His comments come as Brent … Read more

Oil Prices Settle 1% Lower in Volatile Trading After US Mulls Resuming Strait of Hormuz Military Escorts

May 7, 2026 by EnergyNow Media

By Siddharth Cavale US considers restarting escorts for commercial vessels through Strait of Hormuz, WSJ says Analysts warn prices could rebound if conflict escalates again Iran’s oil production likely down by around 400,000 bpd – US energy secretary Chris Wright Brent, WTI futures turn positive in extended trading after Iran reports explosions NEW YORK, May … Read more

Strong Ex-Gulf Crude Exports, Soft China Demand Help Offset Tight Supplies, Goldman Says

May 7, 2026 by EnergyNow Media

(Reuters) – Goldman Sachs said that strong crude exports outside the Gulf and subdued demand from China are helping to partially offset market tightening caused by very low Gulf exports. Goldman Sachs said in a note dated Thursday that 45% of the hit to Persian Gulf crude/condensate exports is being offset, primarily by increased exports … Read more

Shell Subtly Flags its Unsated M&A Appetite

May 7, 2026 by EnergyNow Media

By Yawen Chen LONDON, May 7 (Reuters Breakingviews) – Shell is reaping the benefits of high fossil fuel prices. The $240 billion oil and gas major on Thursday reported first-quarter adjusted earnings of $7 billion, up nearly 25% year on year, as oil prices surged past $100 a barrel. Yet when it comes to shareholder … Read more

Iran Cut Back Oil Production by 400,000 bpd, US Energy Secretary Says

May 7, 2026 by EnergyNow Media

U.S. Energy Secretary Chris Wright said on Thursday that Iran appears to have cut back oil production by 400,000 barrels per day and is likely to reduce it more as its storage units fill. “It looks like they’ve likely already cut back their production, maybe by 400,000 barrels a day. They’ll likely continue to ramp … Read more

Chinese-Owned Oil Tanker Hit Near Hormuz as US Pauses Ship-Protection Plan, Report Says

May 7, 2026 by EnergyNow Media

(Reuters) – A Chinese-owned oil products tanker was attacked near the Strait of Hormuz on Monday, Chinese media outlet Caixin reported, as President Donald Trump launched a U.S. plan that day to help stranded vessels but suspended it a day later. This was the first time a Chinese oil tanker has been attacked, a person … Read more

Asia Exports of Refined Fuels Plunge Amid Hormuz Closure: Russell

May 7, 2026 by EnergyNow Media

(Reuters) – While prices for crude oil futures have surged and slumped in line with the latest headlines about the war between the United States and Iran, the impact of the crisis in physical markets for refined fuels has been worsening. Another hint of a peace agreement was enough to send Brent contracts down 7.8% … Read more

Western Midstream to Pay $1.6 Billion for Permian Pipelines

May 7, 2026 by EnergyNow Media

By Ruth Liao Western Midstream Partners LP agreed to acquire closely-held pipeline operator Brazos Delaware II for about $1.6 billion. The deal, which is expected to close by the end of June, includes 900 miles (1,450 kilometers) of pipes as well as natural gas processing plants and related equipment in the prolific Delaware region of … Read more

US Considers Tapping Oil at Military Bases to Refill Reserve

May 7, 2026 by EnergyNow Media

By Ari Natter The Trump administration is studying using oil under land at US military bases and other Department of War sites to help refill the nation’s depleted emergency reserves, according to a person familiar with the matter. No decision has been made on the possible initiative, said the person who asked not to be … Read more

Adnoc’s LNG Tankers Go Dark to Get Gas Shipments Through Hormuz

May 7, 2026 by EnergyNow Media

By Stephen Stapczynski and Anthony Di Paola Abu Dhabi National Oil Co. has managed to keep a trickle of liquefied natural gas exports moving through the Strait of Hormuz by concealing tanker locations, as established producers shift tactics to navigate the conflict. At least two tankers that loaded at Adnoc’s Das Island facility recently went … Read more

Shell’s Profit Beats Expectations at $6.9 billion, Raises Dividend by 5%

May 7, 2026 by EnergyNow Media

Summary Shell cuts quarterly buybacks to $3 billion from $3.5 billion Middle East war cuts output by 4% Shares fall in early trade along with oil prices, peers LONDON, May 7 (Reuters) – Shell’s first-quarter profit beat estimates and hit its highest in two years at $6.9 ‌billion on Thursday, boosted by gains linked to the Middle … Read more

Devon Energy and Coterra Energy Complete Merger

May 7, 2026 by EnergyNow Media

OKLAHOMA CITY and HOUSTON, May 07, 2026 (GLOBE NEWSWIRE) — Devon Energy Corporation (“Devon”) (NYSE: DVN) and Coterra Energy Inc. (“Coterra”) (NYSE: CTRA) today announced the successful completion of their previously announced all-stock merger (the “Transaction”), creating a premier large-cap shale operator with a high-quality asset base anchored by a leading position in the economic … Read more

Cheniere Swings to Quarterly Loss as Iran War Hits LNG Derivative Contracts

May 7, 2026 by EnergyNow Media

(Reuters) – Cheniere Energy swung to a loss in the first quarter from year-ago profit on Thursday, hurt by billions of dollars in losses tied to ‌LNG-linked derivative contracts as geopolitical tensions and volatile global gas prices rattled energy markets. The company said results were mainly hurt by a $4.8 billion unfavorable change in the … Read more

Microsoft May Abandon its Clean Energy Powered Data Centre Targets

May 7, 2026May 7, 2026 by EnergyNow Media

The hyperscaler has been adding a gigawatt of data centre capacity, enough to power 750,000 homes, every three months By Alastair Marsh and Brody Ford Microsoft Corp. may shelve one of the industry’s most ambitious clean-energy targets as it tries to remove hurdles that could hold it back in the race to power data centres, … Read more

Trump Met With Chevron and ExxonMobil to Discuss Venezuela

May 7, 2026May 7, 2026 by EnergyNow Media

Wednesday, May 6 (Reuters) – U.S. President ‌Donald Trump told reporters on Wednesday ⁠that he met with top officials at Chevron (CVX.N) and ‌ExxonMobil (XOM.N) ⁠a day earlier to discuss ⁠Venezuela. Reporting By Jacob ⁠Bogage and ⁠Jarrett Renshaw; Editing by Jasper Wad

Oil Supply Shock to Worsen as Inventories Fall Further Even if Conflict Ends

May 7, 2026May 7, 2026 by EnergyNow Media

(Reuters) – Oil supplies are set to tighten further in coming weeks even if the U.S. and Iran agree on a peace deal to end their war because it will take weeks for oil shipments to resume from the Middle East Gulf and reach refiners worldwide – so oil companies will continue to deplete storage … Read more

Oil Falls Below $100 a barrel on Middle East Peace Deal Hopes

May 8, 2026May 7, 2026 by EnergyNow Media

Summary Oil prices drop 2%, extending previous session’s heavy losses Al Arabiya reports possible easing of U.S. blockade Analysts warn prices could rebound if conflict escalates again (Reuters) – Oil prices extended losses on Thursday, sliding around 2% to below $100 a barrel on renewed hopes for ‌a U.S.-Iran peace deal that could bring a gradual … Read more

EU Considers Suspending Penalties for Oil and Gas Firms that Breach Methane Law

May 6, 2026 by EnergyNow Media

By Kate Abnett May 6 (Reuters) – The European Commission has drafted plans to let oil and gas companies avoid penalties for breaching the EU’s methane emissions law, a draft document seen by Reuters showed, after pressure from industry and the United ‌States government. The move follows calls from oil and gas industry groups to … Read more

Occidental Scraps New Oil Hedges as Iran War Fuels Price Volatility

May 6, 2026 by EnergyNow Media

(Reuters) – U.S. shale producer Occidental Petroleum will not add more oil hedges this year after volatility in crude prices following the Iran war led to lower realized prices. Speaking on a post-earnings conference call on Wednesday, Chief Financial Officer Sunil Mathew said derivative-related losses had a partial impact on Occidental’s first-quarter profit, which still … Read more

European Commission Weighs Suspending Methane Fines During Energy Emergencies, FT Reports

May 6, 2026 by EnergyNow Media

(Reuters) – The European Commission is considering suspending methane emissions penalties during energy supply crises after pressure from the United states and the fossil fuel industry to dilute rules on leaks of the greenhouse gas, the Financial Times reported on Wednesday. The Commission plans to roll out new rules on monitoring, reporting and verification for … Read more

US Says Airline Jet Fuel Costs Jumped $1.8 Billion or 56% in March

May 6, 2026 by EnergyNow Media

(Reuters) – Major U.S. passenger airlines spent just over $5 billion on jet fuel in March, up $1.8 billion or 56% from what they spent in February, the U.S. Transportation Department said on Wednesday. The cost per gallon of fuel in March was $3.13, up 74 cents, and 31% over February. Fuel use rose 20% … Read more

Canada’s Cenovus Profit Soars 83% as MEG Deal Boosts Output, Raises Dividend

May 6, 2026 by EnergyNow Media

(Reuters) – Cenovus Energy on Wednesday posted an 83% jump in first-quarter profit, driven by higher crude prices, strong refining margins and increased production following its acquisition of MEG Energy. The Canadian oil and gas ‌producer also said it would raise its quarterly base dividend by 10% to 22 Canadian cents per share starting in the … Read more

US Gasoline Prices Top $4.50 a Gallon as Summer Driving Season Nears

May 6, 2026 by EnergyNow Media

Summary Strait of Hormuz disruptions, refinery issues dent fuel supply Analysts warn prices could rise further if war persists Morgan Stanley: US gasoline inventories falling faster than usual despite high prices (Reuters) – The U.S. national average retail price of gasoline surpassed $4.50 a gallon on Tuesday for the first time since July 2022, data … Read more

NRG Energy Misses Quarterly Profit Estimates on Mild Texas Weather, Higher Costs

May 6, 2026 by EnergyNow Media

May 6 (Reuters) – Power producer NRG Energy on Wednesday missed Wall Street estimates for first-quarter adjusted profit, hurt by milder weather in Texas and increased costs. The ‌company’s interest expenses in the quarter rose to $285 million from $163 million a year ago, impacted by costs related to the completed acquisition of power generation assets from … Read more

Canadian Oilsands Group Says Progress on MOU Too Slow, Takes Aim at ‘Uncompetitive Industrial Carbon Tax’

May 6, 2026May 6, 2026 by EnergyNow Media

‘We are at risk of letting this opportunity pass Canada by,’ said the Oil Sands Alliance, which represents five of Canada’s largest oilsands companies By Naimul Karim Capital investment in Canada’s oilsands has nearly halved over the past decade compared to the previous one, an industry group said Monday, warning the country is not moving … Read more

Oil Slides After Pakistani Source Says US and Iran are Close to Framework Peace Deal

May 7, 2026May 6, 2026 by EnergyNow Media

Summary US crude oil stocks expected to fall further Brent crude drops below $100 a barrel Benchmarks set for biggest daily declines in a month (Reuters) – Oil prices extended declines on Wednesday, slumping to two-week lows after a Pakistani source said that the ‌United States and Iran were nearing an initial peace deal. Brent crude … Read more

COMMENTARY: Trump Broke OPEC. He May Regret It: Bousso

May 6, 2026May 6, 2026 by EnergyNow Media

(Reuters) – U.S. President Donald Trump’s military forays in Venezuela and Iran have weakened OPEC more than anyone thought possible just months ago. The White House may view this as a major win, but it may ultimately leave both the U.S. and energy markets worse off. For decades, the Organization of the Petroleum Exporting Countries, … Read more

“AI”ING IT: Exxon Using AI for Faster Analysis of Guyana’s Oil Fields, VP of Exploration Says

May 7, 2026May 6, 2026 by EnergyNow Media

(Reuters) – Exxon Mobil is using artificial intelligence and new technology to interpret seismic data from Guyana in days rather than months, John Ardill, the company’s vice president of exploration, said on Tuesday. High-performance computing and AI-driven algorithms have accelerated seismic imaging, Ardill said at the Offshore Technology Conference in Houston. “We’re using what was … Read more

Plains All American Pipeline and Plains GP Holdings Provide Update on the NGL Sale Process

May 5, 2026 by EnergyNow Media

HOUSTON, May 05, 2026 (GLOBE NEWSWIRE) — Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) (collectively, “Plains”) today provided an update on the expected timing for completion of the Canadian NGL business divestiture to Keyera Corp (“Keyera”). PAA and certain of its affiliates have received a filing from the Canadian Competition Bureau challenging the proposed … Read more

Trump Says Iran “Should Wave the White Flag of Surrender”

May 5, 2026 by EnergyNow Media

(Reuters) – President Donald Trump on Tuesday dismissed Iran’s military capability and said Tehran “should wave the white flag of surrender” but is too proud to do so. Trump told reporters in the Oval Office that Iran’s military has been reduced to firing “peashooters” and that Tehran privately wants to make a deal despite its … Read more

Continental Resources, BPX Energy, Chord Energy and Ranger Energy Services Team with Enverus to Build Field Safety Platform on Enverus ONE™

May 5, 2026 by EnergyNow Media

Industry consortium is developing LifeSaver to help energy field crews access timely, job-specific safety guidance at the point of work, with pilots planned during 2026 AUSTIN, Texas (May 5, 2026) — Continental Resources, BPX Energy, Chord Energy and Ranger Energy Services, together with Enverus, today introduced LifeSaver, a field safety initiative being developed on the … Read more

Middle East Truce in Doubt as US and Iran Fight for Control of Strait of Hormuz

May 5, 2026 by EnergyNow Media

(Reuters) – The fragile truce in the Middle East was in jeopardy on Tuesday after the U.S. and Iran launched new attacks as they wrestled for control of the Strait of Hormuz. The U.S. military said on Monday it destroyed six Iranian small boats, as well as cruise missiles and drones, after President Donald Trump … Read more

IMF Chief Georgieva Warns of ‘Much Worse Outcome’ if Middle East War Drags Into 2027

May 5, 2026 by EnergyNow Media

oil facility in fujairah, united arab emirates uae iran war 1200x810

(Reuters) – The head of the International Monetary Fund on Monday warned that inflation was already picking up and the global economy could face a “much worse outcome” if the war in the Middle East drags into 2027 and oil prices hit around $125 per barrel. IMF Managing Director Kristalina Georgieva said the continuation of … Read more

Marathon Petroleum Profit Beats Estimates as Iran War Drives Refining Margins

May 5, 2026 by EnergyNow Media

May 5 (Reuters) – Marathon Petroleum (MPC.N) on Tuesday beat Wall Street estimates for first-quarter profit, benefiting from stronger refining margins amid tighter global supply driven by the Middle East war. Its shares rose ‌2.8% in early trading, with the stock up 60% so far this year. The company approved an additional $5 billion share … Read more

Duke Energy Tops Profit, Revenue Estimates on Rate Recovery, Weather Boost

May 5, 2026 by EnergyNow Media

May 5 (Reuters) – Utility Duke Energy (DUK.N) exceeded Wall Street expectations for first-quarter profit and revenue on Tuesday, supported by the recovery of rate-based infrastructure investments and favorable weather. Energy companies are pushing to ‌increase customer electricity rates in 2026 to help pay for infrastructure improvements, as power grids are strained by extreme weather … Read more

Norway Offers up to 70 New Oil and Gas Drilling Permits

May 5, 2026 by EnergyNow Media

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OSLO, May 5 (Reuters) – Norway’s government said on Tuesday it is offering ‌70 new blocks for energy companies to explore for oil and gas in its annual licensing round as the country seeks to extend the life of its petroleum industry. The new blocks include 38 areas ⁠in the Barents Sea, 10 areas in … Read more

UAE Oil Head Says OPEC Exit Gives Ability to Speed Up Investment

May 5, 2026 by EnergyNow Media

OPEC’s control over production levels was a sticking point in the UAE’s participation in the group going back years By Anthony Di Paola The United Arab Emirates’ surprise exit from OPEC gives it greater ability to accelerate investment and expand, the head of the country’s state-run oil company said. “It serves our national interests and … Read more

US Extends Protection of Venezuela-Owned Citgo From Creditors

May 5, 2026May 5, 2026 by EnergyNow Media

WASHINGTON, May 4 (Reuters) – The United States has extended a license that protects Venezuela-owned refiner Citgo Petroleum from creditors through June 19, ‌according to a statement on the U.S. Treasury Department’s website on Monday. The general license, issued by the Office of Foreign Assets Control, is meant to encourage investment and boost oil output … Read more

US, Gulf Arab Nations Draft New UN Resolution on Strait of Hormuz

May 5, 2026May 5, 2026 by EnergyNow Media

(Reuters) – The United States and Gulf Arab nations are drafting a U.N. Security Council resolution designed to condemn Iran for blocking the Strait of Hormuz in response to a U.S.-Israeli bombing campaign, U.S. Ambassador to the U.N. Mike Waltz said on Monday. Waltz said negotiations will take place this week on the resolution, which … Read more

Canada’s Oil Firms Look to Scrap Carbon Tax Tied to New Pipeline

May 5, 2026May 5, 2026 by EnergyNow Media

By Robert Tuttle Canada’s oil industry is pushing back hard on proposals to impose a higher carbon tax, arguing the policy adds costs at a time when the world needs more secure and affordable sources of energy. Prime Minister Mark Carney and Alberta Premier Danielle Smith agreed to a higher carbon tax for industrial emissions … Read more

Global Oil Slips But Middle East Fighting Limits Losses

May 6, 2026May 5, 2026 by EnergyNow Media

Summary Iran counters with Gulf attacks on vessels and UAE oil port US Navy escorts Maersk vessel through Hormuz (Reuters) – Global oil prices slipped on Tuesday a day after the ‌United States launched an operation aimed at reopening the Strait of Hormuz to shipping, although exchanges of fire between the U.S. and Iran limited the … Read more

GETTING CLOSE: Canada-US Oil Pipeline Close to Reaching Commitment Requirement

May 6, 2026May 5, 2026 by EnergyNow Media

Summary Oil companies commit to move at least 400,000 bpd, or about 72% of the pipeline’s initial capacity, sources say South Bow, Bridger aim to reach about 450,000 bpd in committed capacity to green-light pipeline Commitments signal oil companies are eager for takeaway capacity for Canadian output HOUSTON, (Reuters) – A proposed pipeline … Read more

Goldman Says Global Oil Stocks Approaching Eight-Year Low, Depletion Speed a Concern

May 5, 2026May 5, 2026 by EnergyNow Media

(Reuters) – Global oil stocks are approaching their lowest level in eight years, Goldman Sachs said on Monday, warning that the speed ‌of depletion was becoming a concern as supplies through the Strait of Hormuz remained restricted. Oil prices jumped about 6% on Monday after Iran hit several ships in the Strait of … Read more

Chevron CEO Says Physical Shortages in Oil Supply to Begin Appearing

May 5, 2026May 5, 2026 by EnergyNow Media

(Reuters) – Chevron Chairman and CEO Mike Wirth said on Monday that physical shortages in oil supply would begin appearing around the world because of the closure of the Strait of Hormuz, through which 20% of global crude supply passes. Economies will begin shrinking, first in Asia, as demand adjusts to meet supply while the … Read more

Oil Prices Jump 6% as Iran Sets UAE Oil Port Ablaze, Strikes Vessels in Strait of Hormuz

May 4, 2026 by EnergyNow Media

global oil market faces a million barrel glut next year, says iea oil drums barrels of oil 1200x810

(Reuters) – Oil prices jumped about 6% on Monday as Iran stepped up attacks on the United Arab Emirates and ships in the Middle East Gulf over the past 24 hours, the most serious escalation since a U.S.-Iran ceasefire came into force in early April. Brent futures rose $6.27, or 5.8%, to settle at $114.44 … Read more

Diamondback Boosts Annual Production Outlook as Oil Prices Rally

May 4, 2026 by EnergyNow Media

May 4 (Reuters) – U.S. shale producer Diamondback Energy (FANG.O) raised its annual production forecast on Monday, after beating Wall Street expectations for first-quarter profit on a ‌rally in oil prices. The first quarter was marked by geopolitical uncertainty and extreme volatility in oil prices, which have surged more than 87% this year after the … Read more

Letter to Stockholders Issued by Diamondback Energy, Inc.

May 4, 2026 by EnergyNow Media

MIDLAND, Texas, May 04, 2026 (GLOBE NEWSWIRE) — Diamondback Stockholders, This letter is meant to be a supplement to our earnings release and is being furnished to the Securities and Exchange Commission (SEC) and released to our stockholders simultaneously with our earnings release. Please see the information regarding forward-looking statements and non-GAAP financial information included … Read more

Diamondback Energy, Inc. Announces First Quarter 2026 Financial and Operating Results; Increases Base Dividend and Production Guidance

May 4, 2026 by EnergyNow Media

MIDLAND, Texas, May 04, 2026 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback,” “we,” “our” or the “Company”) today announced financial and operating results for the first quarter ended March 31, 2026. FIRST QUARTER 2026 HIGHLIGHTS Average oil production of 521.0 MBO/d (979.4 MBOE/d) Net cash provided by operating activities of $1.8 billion; Operating Cash … Read more

Fujairah Oil Zone Hit by Fire After Drone Attack as UAE Says it Intercepted Iran Missiles

May 4, 2026 by EnergyNow Media

(Reuters) – Fire broke out at a major UAE oil industry zone on Monday after a drone attack originating from Iran, authorities said, as the Gulf state’s military separately intercepted three Iranian missiles over its waters and a fourth crashed into the sea. Civil defence teams were deployed immediately to contain the blaze at the … Read more

Forget 3% US Inflation. It’s Heading for 4%: McGeever

May 4, 2026 by EnergyNow Media

Is 4% the new 2%? By Jamie McGeever U.S. inflation has been above the Federal Reserve’s target for so long that many observers believe policymakers have implicitly accepted a higher level. The worry now is that it just keeps rising. Businesses, consumers and investors could be forgiven for thinking that policymakers, despite their repeated commitment … Read more

While Asia and Europe Scramble for Natural Gas, the US Glut Has Nowhere to Go

May 4, 2026 by EnergyNow Media

(Reuters) – The war with Iran has boosted prices of globally traded natural gas by throttling exports from the Gulf. In West Texas, gas is so abundant that some producers must pay to have it taken away. The war and Iran’s attacks on Gulf energy producers have halted 20% of global liquefied natural gas (LNG) … Read more

Why Markets Think the US Is Winning the Blockade

May 4, 2026 by EnergyNow Media

the uss abraham lincoln conducting blockade operations 1200x810

Europe, on the other hand… By John Authers The USS Abraham Lincoln conducting blockade operations. Source: U.S. Navy/Getty The Strait of Hormuz remains blockaded — latest peace efforts have fizzled. European assets are sustaining far more damage than the US from the stalemate. The US K-shaped economy is holding up well, for now. The US … Read more

US Oil Sanctions Push Beijing to Test Washington’s Limits

May 4, 2026 by EnergyNow Media

Beijing has told its companies to ignore American sanctions on a major oil refiner, complicating the leaders’ summit next week. By Rong Wei Neo Oil storage tanks at a petrochemical production base on the outskirts of Shanghai. Source: Bloomberg US President Donald Trump’s expected meeting with his Chinese counterpart Xi Jinping next week just got … Read more

OPEC+ Crude Output Boost is Symbolic, But it Still Matters: Russell

May 4, 2026 by EnergyNow Media

It’s easy to dismiss the agreement by the seven remaining members of the OPEC+ group of crude oil exporters to increase output for a third straight month in June as merely symbolic. Certainly, as long as the Strait of Hormuz remains effectively closed, the decision to lift production by 188,000 barrels per day (bpd) is … Read more

Permian Landowner EagleRock Eyes $2.6 billion Valuation in US IPO

May 4, 2026 by EnergyNow Media

Land management company EagleRock is targeting a valuation of up to $2.6 billion in its initial public offering in the United States, as it seeks to tap renewed investor interest in the energy sector. The Houston-based company said it was aiming to raise up to $346 million in the IPO by offering 17.3 million … Read more

UAE Owes it to Investors to Produce Without Restrictions, Energy Minister Says

May 4, 2026 by EnergyNow Media

uae minister of energy suhail mohamed al mazrouei 1200x810

Summary UAE energy minister says it left OPEC on good terms Expresses confidence UAE will keep working with OPEC members UAE was one of OPEC’s biggest producers DUBAI, May 4 (Reuters) – The United Arab Emirates owes it to its investment partners to produce what ‌global oil markets require without restrictions, while cooperating with other … Read more

Equinor Extends Drilling, Well Services Contracts for $1.8 Billion

May 4, 2026 by EnergyNow Media

(Reuters) – Norway’s Equinor said on Monday it was extending key supplier deals for drilling and well services ‌with a combined value of around 17 billion Norwegian crowns ($1.83 billion) to maintain production from the Norwegian continental shelf. The company said in a statement it was exercising one-year options under three contracts ⁠for integrated … Read more

Trump Administration Cites National Security to Halt US Wind Farm Projects

May 4, 2026 by EnergyNow Media

(Reuters) – President Donald Trump’s administration has brought U.S. onshore wind development to a halt, citing national security concerns, ‌the Financial Times reported on Sunday. Approvals for about 165 onshore wind projects on private lands are being held up by the Pentagon, FT said, citing the American Clean Power Association and people close to the … Read more

Fervo Energy Eyes $6.5 Billion Valuation in US IPO

May 4, 2026 by EnergyNow Media

(Reuters) – Fervo Energy said on ‌Monday it was targeting a valuation of up to $6.5 billion in its initial public offering in the ⁠United States. The Houston-based energy developer also said it is aiming to raise up to $1.3 billion in the IPO by offering 55.6 million shares priced between $21 and $24 apiece. … Read more

Trump Says US to Help Ships Stranded in Strait of Hormuz as Tanker Hit by Projectiles

May 4, 2026May 4, 2026 by EnergyNow Media

A tanker reported being hit by unknown projectiles in the Strait of Hormuz, a maritime security organisation said on Monday, shortly after President Donald Trump said the U.S. would start helping free ships stranded in the Gulf by the U.S.-Israeli war on Iran. Trump provided few details about the plan, which he said would start … Read more

Owners of WildFire Energy Explore $4 Billion-Plus Sale of US Shale Operator, Sources Say

May 4, 2026May 4, 2026 by EnergyNow Media

soros to slim are plowing money into us shale oil as private equity retreats 1200x810

(Reuters) – Investment firms Warburg Pincus and Kayne Anderson are exploring a potential sale of WildFire Energy, with any deal expected to value the U.S. shale operator at more than $4 billion including debt, people familiar with the matter said. The move comes at a time when crude prices have surged, with U.S. benchmark oil … Read more

Oil Up 3% After Iran Claims it Attacked US Warship; US Denies Report

May 5, 2026May 4, 2026 by EnergyNow Media

Summary US warship was hit by two missiles, Iran’s Fars says US Central Command denies any US vessel was struck US to start operation to aid stranded ships, Trump says OPEC+ agrees third oil output quota hike since Hormuz closure (Reuters) – Oil prices rose over 3% on Monday after Iran claimed it had struck … Read more

US Drillers Add Oil and Gas Rigs for Second Week in a Row, Says Baker Hughes

May 4, 2026May 3, 2026 by EnergyNow Media

(Reuters) – U.S. energy firms this week added oil and natural gas rigs for a second week in a row for the first time since mid-March, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by three to … Read more

Trump Says US Navy Acting ‘Like Pirates’ to Carry Out Naval Blockade of Iranian Ports

May 4, 2026May 3, 2026 by EnergyNow Media

President Donald Trump said on Friday the U.S. Navy was acting “like pirates” in carrying out Washington’s naval blockade of Iranian ports during the U.S. and Israel’s war against Iran. Trump made the comments while describing the seizure by U.S. forces of a ship a few days ago. “We took over the ship, we took … Read more

Trump ‘Not Happy’ With Iran, Touts Strait ‘100% Shut’

May 2, 2026May 2, 2026 by EnergyNow Media

Trump didn’t elaborate on the Iranian participants in the latest talks, or when they occurred By Patrick Sykes, Eltaf Najafizada and Josh Wingrove U.S. President Donald Trump expressed displeasure with the current state of negotiations with Iran, blaming disjointed leadership in Tehran for preventing a deal to end the nine-week conflict that’s triggered a global … Read more

Saudi Arabia Set for Oil Windfall After Hormuz Boosts Prices

May 1, 2026 by EnergyNow Media

Saudi Arabia is able to divert the bulk of crude exports to the Red Sea By Andrey Biryukov The blockade of the Strait of Hormuz is creating an economic split among oil exporters in the Persian Gulf, with Saudi Arabia and Oman set for a windfall and others including the United Arab Emirates seeing a … Read more

Saudi Oil Prince’s Iron Grip Faces Ultimate Test With UAE’s Shock OPEC Exit

May 1, 2026 by EnergyNow Media

By Yousef Saba, Ahmad Ghaddar and Maha El Dahan Saudi Arabia’s energy minister Prince Abdulaziz is half-brother of Crown Prince Early years of diplomatic touch have transformed into an iron grip on OPEC UAE exit a critical test for Prince Abdulaziz’s influence over oil markets May 1 (Reuters) – Saudi Energy Minister Prince Abdulaziz bin … Read more

US LNG Exports to Asia Surged in April as Middle East Conflict Curtailed Supply

May 1, 2026 by EnergyNow Media

By Curtis Williams Asia absorbed nearly a quarter of all US LNG exports in April The surge came despite a drop in total US LNG exports Another US LNG plant starts selling superchilled gas HOUSTON, May 1 (Reuters) – U.S. exports of liquefied natural gas to Asia jumped in April, with American producers helping offset … Read more

Crude Futures Fall on New Iran Proposal for Peace Talks

May 1, 2026May 1, 2026 by EnergyNow Media

Iran sends peace talks proposal to Pakistani intermediaries Brent crude and WTI on track for strong weekly gains UAE official says unilateral Iranian arrangements for Hormuz cannot be trusted HOUSTON, May 1 (Reuters) – An Iranian proposal on negotiations with the U.S. sent crude oil futures diving on Friday, ‌but prices remained on track for … Read more

UAE Says Iran Cannot be Trusted Over Hormuz, Peace Efforts at an Impasse

May 1, 2026 by EnergyNow Media

(Reuters) – A senior United Arab Emirates official said on Friday Tehran could not be trusted over any unilateral arrangements it makes for the Strait of Hormuz, in a sign of deep mistrust on all sides as efforts to end the Iran war remained at an impasse. Two months into the conflict, the vital sea … Read more

The UAE Dumping OPEC May Not Affect Crude as Anticipated: Russell

May 1, 2026 by EnergyNow Media

(Reuters) – The United Arab Emirates’ withdrawal from OPEC is widely seen as lessening the clout of the producer group and initiating a race to boost output, ultimately resulting in sharply lower crude oil prices. However, the U.S. and Israeli war against Iran has upended global crude markets to such an extent that expecting what … Read more

ExxonMobil Announces First-Quarter 2026 Results

May 1, 2026 by EnergyNow Media

Delivered first-quarter earnings of $4.2 billion, or $8.8 billion excluding unfavorable estimated timing effects of $3.9 billion and an identified item of $0.7 billion Generated earnings per share of $1.00, or $1.16 excluding the identified item, and $2.09 excluding the identified item and estimated timing effects Sustained industry-leading reliability and delivered record production in Guyana1 … Read more

Occidental Announces CEO Succession

May 1, 2026 by EnergyNow Media

Vicki Hollub to retire as President and CEO effective June 1, 2026; Occidental’s Board Names Chief Operating Officer Richard Jackson as her successor HOUSTON, May 01, 2026 (GLOBE NEWSWIRE) — Occidental (NYSE: OXY) today announced that its Board of Directors, as part of its management succession planning, has named Senior Vice President and Chief Operating Officer Richard … Read more

Iran Threatens Painful Response if US Renews Attacks

May 1, 2026 by EnergyNow Media

iranians after an airstrike on a residential building in tehran on april 13 iran war 1200x810

By Humeyra Pamuk and Tala Ramadan UAE bans citizens from visiting Iran, Lebanon and Iraq Trump ‘OK’ with Iran playing in World Cup Briefing scheduled for Trump on Thursday about strike options by US military, US official says US puts pressure on allies to help open Strait of Hormuz Benchmark oil price touches four-year high, … Read more

Chevron’s Upstream Strength Lifts First-Quarter Earnings Past Estimate

May 1, 2026 by EnergyNow Media

By Sheila Dang Downstream segment swings to loss, mainly from timing effects Upstream earnings grow 4% year-on-year CFO says $1 billion in timing effects to unwind in Q2 HOUSTON, May 1 (Reuters) – Chevron (CVX.N) exceeded Wall Street estimates for its first-quarter earnings on Friday, as elevated oil prices linked to the U.S.-Israeli war on … Read more

Exxon Net Income Falls, Output Hit by Iran War

May 1, 2026 by EnergyNow Media

By Sheila Dang Exxon profit hit by Middle East disruptions U.S.-Iran conflict hits output, volumes could fall further in second quarter Oil majors show uneven hits from U.S.-Iran war CFO says paper losses from hedging to unwind in a ‘few months’ HOUSTON, May 1 (Reuters) – Exxon Mobil (XOM.N) beat estimates for adjusted earnings on … Read more

Trump’s Trade Czar Says U.S. Looking to Work with Canada on Energy and Critical Minerals

May 1, 2026 by EnergyNow Media

One source said Greer cautioned that Canada should not attempt to use those resources and critical minerals as leverage in negotiations on the trilateral trade pact. United States Trade Representative Jamieson Greer told Canadians looking for insights into the future of bilateral trade this week that “America First” is policy, not a slogan, and … Read more

Californians Now Paying 6 Bucks a Gallon for Kicks on Route 66

May 1, 2026 by EnergyNow Media

gas price california april 30 2026 1200x810

Summary Companies Iran conflict disrupts global oil flows, tightening California supply and raising prices Reliance on Asian imports and refinery closures worsen California’s fuel shortages Rising gas prices spark political debate ahead of state and national elections California fuel stockpiles hit record lows, imports dropped sharply in April, Kpler data shows CARLSBAD, California, April 30 … Read more

Why $100 Oil is No Longer Spooking Equity Markets

May 1, 2026May 1, 2026 by EnergyNow Media

(Reuters) – Why have global equity markets been so resilient to the Iran oil shock? Because $100 a barrel oil doesn’t mean what it used to. Brent crude has risen around 70% since the Iran war began on February 28 to over $120 per barrel, as of early Thursday. Yet global equity markets, though volatile, … Read more

Trader or Driller? Iran War Exposes Big Oil’s Transatlantic Divide: Bousso

May 1, 2026May 1, 2026 by EnergyNow Media

(Reuters) – European oil majors’ first-quarter profits were lifted by bumper trading gains as the Iran warupended supply chains, underscoring how the ability to shift barrels around the world can sometimes trump pumping them out of the ground. BP, Shell and TotalEnergies have spent years building vast oil trading machines that now sit at the … Read more

Shell CEO Says Blockade May Mean Energy Shortages Last Into 2027

May 1, 2026May 1, 2026 by EnergyNow Media

By Kevin Crowley, Edward Ludlow, and Caroline Hyde The oil and liquefied natural gas shortages caused by the blockade of the Strait of Hormuz are likely to drag on for months and possibly into next year, Shell Plc Chief Executive Officer Wael Sawan said. “We are talking about roughly 900 million barrels that haven’t been … Read more

US Has More Natural Gas Than It Can Use as War Chokes Global Supply

May 1, 2026May 1, 2026 by EnergyNow Media

a gas flare near mentone, texas 1200x810

Soaring gas production is poised to bolster US manufacturing, creating an economic tailwind By Julian Hast, Emma Sanchez, Kevin Crowley, and Leonardo Nicoletti A gas flare near Mentone, Texas. Photographer: Bronte Wittpenn/Bloomberg As the Iran war strangles natural gas supplies, countries across Asia and Africa are rationing fuel and enduring blackouts. In Europe, the conflict … Read more

Steady Oil Prices Set for Weekly Gain as Iran War Rumbles On

May 1, 2026May 1, 2026 by EnergyNow Media

Summary Brent crude and WTI on track for strong weekly gains UAE’s Gargash says unilateral Iranian arrangements for Hormuz can’t be trusted Iran threatens painful response if U.S. renews attacks (Reuters) – Oil prices steadied but remained on track ‌for weekly gains on Friday as efforts to halt the Iran war remained at an impasse, with Tehran … Read more

TC Energy Approves $1.5 billion Columbia Gas Expansion After Profit Tops Estimates

May 1, 2026May 1, 2026 by EnergyNow Media

By Reuters (Reuters) – Canada’s TC Energy approved a $1.5 billion Columbia Gas expansion project on Friday after its first-quarter profit narrowly beat analysts’ expectations, driven by strong performance in its North ‌American operations. The Appalachia Supply Project – expected to start operations in 2030 – is backed by a 20‑year contract with a financially strong … Read more

US Naval Blockade Squeezes Iran’s Oil Exports, Forces Crude Onto Floating Storage

May 1, 2026May 1, 2026 by EnergyNow Media

(Reuters) – A U.S. naval blockade of Iranian ports has shrunk Tehran’s oil exports, stranding a growing stockpile of crude on tankers as Iranian storage sites run out of space, shipping data showed and analysts said. With some vessels switching off tracking systems and U.S. forces turning back Iranian tankers, how much crude Iran is … Read more

Trump Signs Order Authorizing Bridger’s Canada-Wyoming Crude Pipeline

May 2, 2026April 30, 2026 by EnergyNow Media

The proposed project will transport Canadian ‌crude from the U.S.-Canada border to Wyoming U.S. President ‌Donald Trump on Thursday signed an order authorizing a proposed project to transport Canadian oil across the border as part of an effort to revive parts of the cancelled Keystone XL pipeline. South Bow, the Canadian pipeline company behind … Read more

Spectre of Renewed U.S. Strikes on Iran Drives Wild Oil Price Swings

April 30, 2026 by EnergyNow Media

A closely watched global crude benchmark briefly touched its highest price since war erupted in the Middle East more than two months ago before retreating on Thursday, as a resolution to the supply squeeze in the Strait of Hormuz remains elusive. Brent — the price benchmark tied to light, sweet, seaborne crude — for June … Read more

Woodside Struggles to Sell LNG Volumes at Louisiana LNG Plant, Sources Say

April 30, 2026 by EnergyNow Media

(Reuters) – Australia’s Woodside Energy is struggling to sell liquefied natural gas volumes from its planned Louisiana LNG export facility because it is seeking liquefaction fees above prevailing U.S. market rates, two people familiar with the matter told Reuters. The Australian energy producer has so far announced only one long-term sales and purchase agreement for … Read more

Australia Is Struggling to Meet Asia’s Rising LNG Needs, Chevron Says

April 30, 2026 by EnergyNow Media

By Keira Wright Australia’s liquefied natural gas exporters are missing out on meeting rising Asian demand because of a lack of capacity that’s partially down to an uncertain investment environment, according to Chevron Australia Corp. Demand for Australian LNG, particularly from Japanese buyers, is outstripping operational supply limits, said Chevron Australia’s Managing Director Balaji Krishnamurthy. … Read more

Russia Says OPEC+ Will Continue After UAE Exit, No Price War Expected

April 30, 2026 by EnergyNow Media

By Vladimir Soldatkin and Anton Kolodyazhnyy Russia’s Novak: oil industry is facing its deepest crisis Novak: hard to talk about a price war amid market shortages Novak: Russia will stay in OPEC+, committed to its mechanism Novak: it may take several months for oil market to recover MOSCOW, April 30 (Reuters) – Russia’s Deputy Prime … Read more

ConocoPhillips Cuts Annual Production Targets as Iran War Disrupts Operations

April 30, 2026 by EnergyNow Media

By Vallari Srivastava April 30 (Reuters) – Oil and gas producer ConocoPhillips (COP.N) on Thursday forecast a lower annual output and excluded Qatar from its near-term outlook, citing disruption to its ‌operations in the Middle East due to the Iran conflict. ConocoPhillips is a partner in QatarEnergy’s liquefied natural gas export plant, one of the … Read more

Iran Threatens Painful Response if US Resumes Attacks, Oil Prices Seesaw

April 30, 2026 by EnergyNow Media

By Humeyra Pamuk and Tala Ramadan Iran vows painful response to any new US attack Trump to be briefed on options by US military US puts pressure on allies to help open Strait of Hormuz Benchmark oil price touches four-year high WASHINGTON/DUBAI, April 29 (Reuters) – Iran said on Thursday it would respond with “long … Read more

IEA Head Birol Reaffirms That World Facing Biggest Energy Crisis in History

April 30, 2026 by EnergyNow Media

PARIS, April 30 (Reuters) – The world is facing its biggest energy crisis in ‌history due to disruption caused by the conflict with Iran, reaffirmed International Energy Agency head Fatih Birol ⁠on Thursday. “The oil markets and gas markets are going through big difficulties. When I looked last time, the oil price was over $120 … Read more

Valero Energy Beats Profit Estimates on Strong Refining Performance

April 30, 2026 by EnergyNow Media

the valero energy corp. refinery in benicia, california 1200x810

April 30 (Reuters) – U.S. refiner Valero Energy (VLO.N) surpassed Wall Street expectations for first-quarter adjusted profit on Thursday, helped by strength in its refining segment, margins and throughput ‌volumes. Diesel and jet fuel margins climbed sharply in the first quarter after U.S.-Israeli attacks on Iran disrupted Middle Eastern supply, pushing finished fuel prices up … Read more

Iran’s Supreme Leader Mojtaba Khamenei Says New Management of Strait of Hormuz ‘Will Bring Calm’

April 30, 2026 by EnergyNow Media

(Reuters) – Iran’s new Supreme Leader Mojtaba Khamenei said in a published written message on Thursday that a new chapter for the Gulf and Strait of Hormuz has been taking shape since the Iran war with the United States and Israel broke out on February 28. Iran’s Supreme Leader said that Tehran would secure the … Read more

UAE Could Draw Higher US Investment on Pumping More Oil, J.P. Morgan Says

April 30, 2026 by EnergyNow Media

(Reuters) – J.P. Morgan on Thursday said the UAE could attract greater investments from U.S. companies once it is in a position to pump more oil after the country decided to leave the Organization of Petroleum Exporting Countries group. The fourth-largest producer in OPEC said on Tuesday it would exit the group on May 1. … Read more

Apollo, Blackstone and KKR vie for Shell Stake in LNG Canada, Sources Say

April 30, 2026 by EnergyNow Media

cp175311695 wudong, a liquefied natural gas (lng) tanker, fills up at an lng canada facility, in an aerial view, in kitimat, b.c 1200x810

Apollo Global Management, Blackstone and KKR are battling it out to acquire a significant stake in the mammoth LNG Canada project from energy major Shell, three people familiar with the matter said. The trio, among the world’s largest asset management firms, are the remaining bidders in the auction process, run by Shell, which also garnered interest … Read more

Biggest US Grid Operator to Begin Processing New Power Plant Projects

April 30, 2026April 30, 2026 by EnergyNow Media

(Reuters) – The largest U.S. power grid operator – PJM Interconnection – said on Wednesday that it will begin processing new power plant applications this week after working through a years-long backlog of projects. PJM, which controls the flow of electricity on transmission lines across 13 Midwest and Mid-Atlantic states, is facing electricity shortfalls due … Read more

Global Oil Price Retreats After Hitting 4-Year High on Concern of US-Iran War Escalation

May 1, 2026April 30, 2026 by EnergyNow Media

Summary Global oil benchmark Brent hits $126.41 a barrel, highest since March 2022 US considers possible military action to break Iran negotiation deadlock, news report says Oil supply disruptions persist ‌as Strait of Hormuz remains closed OPEC+ to raise output quotas slightly; UAE exit seen as limited near-term market impact (Reuters) – Global oil prices … Read more

US Seeks International Help to Reopen Strait of Hormuz as Crude Prices Surge

April 30, 2026April 30, 2026 by EnergyNow Media

Summary US puts pressure on allies to help open Strait of Hormuz Benchmark oil price touches four-year high Trump reported to be weighing new strikes, long blockade Iran weighing possible deal, says Pakistani source (Reuters) – The United States is pressing ahead with plans for an international coalition to open the Strait of Hormuz, according … Read more

Prospect of Prolonged Iran War Disruption Drives Oil Forecasts Higher

April 30, 2026April 30, 2026 by EnergyNow Media

Summary Brent projected to average $86.38 per barrel in 2026 WTI projected to average $80.07 per barrel in 2026 For table of crude price forecasts, click (Reuters) – Analysts have increased their oil price forecasts for the second time since the Iran war began at the end of February as they factor in the prospect … Read more

Trump Welcomes United Arab Emirates Exit From OPEC

April 30, 2026April 30, 2026 by EnergyNow Media

(Reuters) – U.S. President Donald Trump on Wednesday welcomed the United Arab Emirates’ move to pull out of OPEC and said he thinks the move could help lower oil prices. “I think it’s great,” Trump said when asked by reporters at the White House what he thought of the UAE’s decision. The UAE – one … Read more

Oil Majors Eye Resurgent Canadian Energy in Wake of Middle East Upheaval

April 29, 2026 by EnergyNow Media

Canada’s oil and gas producers are drawing renewed interest from global energy majors as the Middle East conflict has heightened the country’s attractiveness to the world’s biggest operators, with Shell’s $16.4 billion agreement to buy ARC Resources the clearest sign of the shift. TotalEnergies and ConocoPhillips are among the companies taking a fresh look at Canadian competitors, alongside Equinor and BP. Companies have … Read more

UAE Oil Break Exposes Deepening Saudi Rift as Gulf Power Shifts

April 29, 2026 by EnergyNow Media

(Reuters) – The United Arab Emirates’ decision to quit OPEC and OPEC+ has brought years of tensions with Saudi Arabia out into the open, marking a strategic break with Saudi-led oil governance in a rebalancing of power shaped by the Iran war. Political analysts and regional experts said the move to leave the groups of … Read more

Gasoline Stocks Plummet, Prices Climb with Peak Demand Season Around the Corner

April 29, 2026 by EnergyNow Media

(Reuters) – U.S. drivers can expect another spike in gasoline prices in the coming days, just as the summer driving season gets underway, as the conflict in Iran drives oil prices higher and pushes countries around the world to call on American energy supplies. Gasoline demand typically peaks in the summer as many Americans embark … Read more

Hormuz Shipping Traffic Remains at a Trickle as US-Iran Deadlock Deepens

April 30, 2026April 29, 2026 by EnergyNow Media

(Reuters) – At least six ships – a fraction of the usual traffic – have crossed the Strait of Hormuz in the past 24 hours, shipping data showed on Wednesday, while the U.S. and Iran remain deadlocked over coming to terms that would re-open the crucial waterway. The vessel traffic was mainly through Iranian … Read more

Ares to Acquire Rover Natgas Pipeline Stake from Blackstone

April 29, 2026 by EnergyNow Media

(Reuters) – Ares Management said it has acquired a stake in the Rover natural gas pipeline from a unit of fellow investment firm Blackstone for an undisclosed sum, as interest in U.S. energy infrastructure assets grows. In a statement sent to Reuters, Ares said funds led by its Infrastructure Opportunities strategy would buy 32.4% of … Read more

Trump Urges Iran to Sign a Deal After Report Suggests US May Extend Blockade

April 29, 2026 by EnergyNow Media

(Reuters) – U.S. President Donald Trump on Wednesday urged Iran to ‘get smart soon’ and sign a deal, following days of deadlock in efforts to end the conflict and a media report that the U.S. would extend its blockade of Iran’s ports. In a post on Truth Social, Trump, who has said Iran can call … Read more

Spot Crude Premiums Ease From Record Highs Despite Hormuz Closure

April 29, 2026 by EnergyNow Media

(Reuters) – Spot premiums for physical crude have slipped from record highs reached earlier during the Iran war as refiners are drawing on inventories and cutting back processing to cope with lost Middle East supply, traders and analysts said. Since the U.S.-Israeli war on Iran that began on February 28 caused the near-total closure of … Read more

Barclays Sees Faster Oil Supply Growth From UAE After its Exit From OPEC

April 29, 2026 by EnergyNow Media

(Reuters) – The United Arab Emirates’ decision to quit OPEC would result in faster oil supply growth from the country as it comes out of the current crisis, Barclays said late Tuesday. The UAE, the fourth-largest producer in the Organization of the Petroleum Exporting Countries, said on Tuesday it would exit the group on May … Read more

Phillips 66 Posts Surprise Profit on Higher Refining Margins

April 29, 2026 by EnergyNow Media

(Reuters) – Phillips 66 posted a surprise first-quarter profit on Wednesday, as higher refining margins helped it offset steep losses tied to ‌volatile commodity prices. U.S. Gulf Coast refiners are reaping their strongest margins in years, as disruptions to Middle Eastern oil flows due to the Iran war have driven up demand for U.S. fuel exports. U.S. refiners, … Read more

UAE Reviewing Multilateral Ties After OPEC Exit But Rules Out More Departures, Official Says

April 29, 2026 by EnergyNow Media

(Reuters) – The United Arab Emirates is reassessing its role and contributions across multilateral organisations but is not considering any further withdrawals at this time, a UAE official told Reuters on Wednesday, a day after Abu Dhabi announced its withdrawal from OPEC. The ‌Emirati official, who spoke on the condition of anonymity, said the country is reviewing … Read more

PERSPECTIVE: UAE Exit Strips OPEC of Clout, Risks Bitter Price War: Bousso

April 29, 2026April 29, 2026 by EnergyNow Media

(Reuters) – The United Arab Emirates’ decision to leave OPEC will sharply diminish the 65-year-old producer group’s influence over the oil market, opening the door to an all-out price war once Gulf producers rush to regain market share when the Iran war is over. The surprise move comes at a time of unprecedented turmoil in … Read more

GLJ Confirms Leadership Transition; Michael Livingstone Named Incoming CEO

April 29, 2026 by EnergyNow Media

Calgary, Alberta — GLJ Ltd. (“GLJ”) announces a planned leadership transition, with President & Chief Executive Officer Jodi Anhorn stepping down from his role effective October 1, 2026. Michael Livingstone, currently Senior Vice President, Geosciences, will assume the role of President & CEO. This transition follows a structured and deliberate succession process led by GLJ’s … Read more

US Pump Prices Near 4-Year High on Iran War Disruption, Refinery Outages

April 29, 2026April 29, 2026 by EnergyNow Media

Summary Gasoline prices have climbed over 40% since late February, AAA data shows Unplanned refinery outages in April totaled about 150,000 barrels per day Retail prices may need to rise further to prevent losses for gasoline dealers, analysts warn NEW YORK, April 28 (Reuters) – The average U.S. gasoline price rose to its highest level … Read more

US Oil Stocks Plummet, Country Becomes Net Crude Exporter on Weekly Basis for First Time, EIA Says

April 29, 2026April 29, 2026 by EnergyNow Media

By Liz Hampton and Arathy Somasekhar Brent, WTI futures extend gains after report US crude exports hit record 6.44 million bpd, driving inventory drawdowns Gasoline and distillate stocks fall sharply ahead of US driving season DENVER, April 29 (Reuters) – The United States became a net exporter of crude for the first time since World … Read more

Oil Prices Up Over 3% Over Concerns About Prolonged Hormuz Disruption

April 30, 2026April 29, 2026 by EnergyNow Media

Summary Benchmarks on multi-day rally amid Strait of Hormuz closure UAE OPEC exit unlikely to boost near-term supply, analysts say US to extend Iran port blockade, WSJ says US crude inventories fall for second week Oil prices rose 3% on Wednesday, with the Brent contract hitting a one-month ‌high, on media reports the U.S. will … Read more

Trump Meets With Oil Executives as Iran Stalemate Drags On

April 29, 2026April 29, 2026 by EnergyNow Media

(Reuters) – U.S. President Donald Trump and his top officials met with ‌oil and gas executives including Chevron CEO Mike Wirth at the White House on Tuesday to ⁠discuss the energy fallout of the Iran war and other topics, Axios reported on Wednesday. White House chief of staff Susie Wiles, Treasury Secretary Scott Bessent, and ‌envoys ⁠Steve … Read more

US Signs Energy and AI Deals With Balkan Countries as Its Influence Widens

April 29, 2026April 29, 2026 by EnergyNow Media

By Reuters (Reuters) – The United States and U.S. companies signed deals worth billions of dollars with Balkan countries on Tuesday, boosting Washington’s energy presence in the region and backing AI development. The U.S. is seeking to deepen ties and counter ‌the influence of Russian oil and gas in southern Europe, having signed a long-term deal … Read more

HSBC Sees Limited Near-Term Impact on OPEC+ From UAE’s Departure

April 28, 2026 by EnergyNow Media

The United Arab Emirates’ planned exit from OPEC and the wider OPEC+ alliance from May 2026 is expected to have limited immediate impact on oil markets but could weaken the group’s supply discipline and price-management ability over time, HSBC said in a research note on Tuesday. The UAE, one of OPEC’s largest producers, said on … Read more

World Bank Forecasts 24% Surge in Energy Prices in 2026 Due to Middle East War

April 28, 2026 by EnergyNow Media

(Reuters) – Energy prices are expected to surge by 24% in 2026 to their highest level since Russia’s full-scale invasion of Ukraine four years ago, if the most acute disruptions caused by the war in the Middle East end in May, the World Bank said on Tuesday. Commodity prices could rise even further if hostilities … Read more

BP Quarterly Profit Beats Expectations at $3.2 Billion, Driven by Iran War Trading Boon

April 28, 2026 by EnergyNow Media

By Stephanie Kelly and Shadia Nasralla Business including oil trading posts best result since 2022 BP’s gas and oil production units underperformed expectations Fuel margins, production outlook remain sensitive to Iran war BP plans to cut hybrid bonds by $4.3 billion, net debt rises LONDON, April 28 (Reuters) – BP’s (BP.L) first-quarter profit more than … Read more

Shell’s ARC Deal Seen as Win for Mark Carney’s Pro-Oil Pivot

April 28, 2026 by EnergyNow Media

The plan for Shell to purchase ARC for US$13.6 billion is the biggest deal in the Canadian oilpatch in over a decade By Robert Tuttle and Mitchell Ferman Shell PLC.’s acquisition of Canada’s ARC Resources Ltd. marks a vote of confidence in Prime Minister Mark Carney’s push to expand the nation’s hydrocarbon exports beyond the … Read more

ANALYST REACTIONS: UAE to Leave OPEC and OPEC+ Oil Producer Groups

April 28, 2026 by EnergyNow Media

ANALYST REACTIONS: UAE to Leave OPEC and OPEC+ Oil Producer Groups LONDON, April 28 – The United Arab Emirates said on Tuesday it was quitting OPEC and OPEC+, dealing a heavy blow to the oil exporting groups and their de facto leader, Saudi Arabia, at a time when the Iran war has caused a historic … Read more

“Time for Action”: Kimmeridge Releases Letter to the Future Board of Devon Energy

April 28, 2026 by EnergyNow Media

NEW YORK, April 28, 2026 /PRNewswire/ — Kimmeridge, a private investment firm focused on the energy sector, today released an open letter to the future Board of Devon Energy ahead of the closing of its merger with Coterra (CTRA), expected on May 4th, 2026. “The merger of Devon and Coterra represents a compelling strategic combination … Read more

Chevron Likely to Close Deal for Singapore Refinery stake sale to Eneos in May, Sources Say

April 28, 2026 by EnergyNow Media

(Reuters) – Chevron is likely to close a deal for the sale of its 50% stake in Singapore Refining and other regional assets to Japan’s top refiner ‌Eneos in May, two sources familiar with the matter said. The U.S. major had been expected to complete the deal, valued at $1 billion or more, in the first quarter, … Read more

JPMorgan Among Banks Providing Financing for Kuwaiti Oil Pipeline Stake Deal

April 28, 2026 by EnergyNow Media

JPMorgan and two Kuwaiti lenders are joining HSBC in a $6 billion financing syndicate for prospective buyers of a stake in Kuwait Petroleum Corporation’s crude oil pipeline network, three people with knowledge of the matter told Reuters. KPC has been in talks with a group of potential investors over a stake sale in its crude … Read more

ADNOC LNG Tanker Crosses Strait of Hormuz for First Time Since Iran War, Ship-Tracking Data Shows

April 28, 2026 by EnergyNow Media

A liquefied natural gas tanker managed by UAE’s ADNOC has crossed the Strait of Hormuz and appears to be near India, ship-tracking data showed on Monday. If confirmed, this will be the first loaded LNG tanker to cross the strait since the Iran war started on February 28. Adnoc did not immediately respond to a … Read more

Oil Prices Rise 3% as Iran War Stand-off Persists

April 29, 2026April 28, 2026 by EnergyNow Media

Summary Trump unhappy with latest Iranian proposal to end war stalemate Iranian oil tankers turned back by US blockade ADNOC LNG tanker crosses Hormuz for first time since Iran war (Reuters) – Oil prices rose 3% on Tuesday, extending the previous session’s gains, as efforts to end the U.S.-Iran war ‌appeared to have stalled, with … Read more

TRUMP ON GAS PRICES: Americans Should Expect to Pay More ‘For a Little While’

April 28, 2026April 28, 2026 by EnergyNow Media

(Reuters) – U.S. President Donald Trump told reporters that Americans should expect to pay higher gas prices “for a little while.” Energy prices have risen around the world since the start of the Iran war in late February. Trump was asked if Americans “should anticipate spending more ⁠on gasoline for the foreseeable future.” “For a little while,” Trump … Read more

RANKED: Who Uses the World’s Coal? – Visual Capitalist

April 28, 2026April 28, 2026 by EnergyNow Media

By Jeff Desjardins Key Takeaways China accounts for 51.7% of global coal consumption, using more than all other countries combined. The top six countries make up 87% of global demand. India is a distant second at 11.7%, followed by Indonesia (9.0%). The U.S. and Australia each contribute about 5% of global demand. Coal consumption is more concentrated … Read more

MAJOR BLOW: UAE Leaves OPEC and OPEC+ in Major Blow to Global Oil Producers’ Group

April 28, 2026April 28, 2026 by EnergyNow Media

(Reuters) – The United Arab Emirates said on Tuesday it was quitting OPEC and OPEC+, dealing a heavy blow to the oil exporting groups and their de facto leader, Saudi Arabia, at a time ‌when the Iran war has caused a historic energy shock and unsettled the global economy. The loss of the UAE, a longstanding OPEC … Read more

United Ends Pursuit of American Airlines After Merger Approach Rebuffed

April 28, 2026April 28, 2026 by EnergyNow Media

By Shivansh Tiwary and David Shepardson American declined to engage with United approach United CEO said deal would have been good for US jobs, economy Trump said he did not support a merger WASHINGTON, April 27 (Reuters) – United Airlines (UAL.O) ‌said on Monday it had ended its pursuit of a merger with American Airlines … Read more

Gulf Economies Head for Worst Crisis Since Pandemic as War Roils Energy Lifeline

April 27, 2026 by EnergyNow Media

By Anant Chandak and Indradip Ghosh BENGALURU, April 27 (Reuters) – Gulf Cooperation Council (GCC) economies are sliding into their worst economic crisis since the pandemic, with several expected to contract this year on spillovers from the U.S.-Israel war with Iran right on its doorstep. The war’s knock-on effects have ripped through the energy market … Read more

OpenAI Breaks Off Microsoft Exclusivity to Free up Path for Amazon, Google Deals

April 27, 2026 by EnergyNow Media

By Aditya Soni, Akash Sriram and Stephen Nellis OpenAI can now sell products on Amazon and Google Cloud, expanding enterprise reach Microsoft aims to reduce reliance on OpenAI by developing its own AI models Ending exclusivity may ease antitrust scrutiny in US, UK, and Europe OpenAI’s demand on Amazon’s cloud described as staggering in internal … Read more

Fed Likely to Hold Rates Steady as Powell Prepares for Possible Swan Song

April 27, 2026 by EnergyNow Media

By Howard Schneider Fed officials will decide whether to signal possible rate hikes amid oil shock Warsh confirmation may move forward after end of Powell probe Powell could still remain on Fed’s Board of Governors until 2028 WASHINGTON, April 27 (Reuters) – Federal Reserve policymakers will gather in Washington this week in what may be … Read more

Final Week to Secure Early Bird Rates – Global Energy Show

April 27, 2026 by EnergyNow Media

We invite you to take advantage of Early Bird Rates prior to April 30th. At a moment when energy security, reliability, and affordability are defining global economic and geopolitical stability, the Global Energy Show Canada is set to convene the leaders shaping what comes next. In June 2026, ministers, CEOs, investors, and policymakers will gather … Read more

Citi Raises Brent Forecast for 2026; Sees $150 Oil if Hormuz Disruption Persists

April 27, 2026 by EnergyNow Media

Citi raised its outlook for average Brent crude prices for the rest of 2026 late on Sunday, warning prices could surge to $150 a barrel if oil flows through the Strait of Hormuz remain disrupted through the end of June. The bank lifted its base-case forecast for Brent to $110, $95 and $80 a … Read more

Shell to Acquire Canada’s ARC Resources in Output-Boosting $16.4 Billion Deal

April 27, 2026 by EnergyNow Media

Summary Shell says it will take on $2.8 billion in net debt Analysts said Shell needed exploration success or a deal ARC acquisition to boost Shell’s output by 370,000 boed LONDON, April 27 (Reuters) – Shell has agreed to buy Canadian energy company ARC ‌Resources in a $16.4 billion deal which the British oil and gas major … Read more

Iran War Hands OPEC’s Swing Producer Crown to America: Bousso

April 27, 2026 by EnergyNow Media

The U.S. has stepped in to shield the global economy from the oil crunch triggered by the Iran war by boosting exports, selectively easing sanctions and tapping strategic reserves. The conflict may be denting Washington’s standing in some quarters, but it is also cementing its transformation into the world’s dominant energy superpower. Unlike in previous … Read more

Companies Dust Off Oil Rigs in Storage in Venezuela as Contracts are Overhauled

April 27, 2026 by EnergyNow Media

Summary At least 14 rigs are in assessment or repair Providers more willing to work with PDVSA’s traditional partners Some firms seek 12-month contracts to cover repair costs April 27 (Reuters) – Oilfield service companies that for years kept rigs and specialized equipment stored in Venezuela have begun removing them from warehouses for assembly and … Read more

US Refiners’ First-Quarter Profits Expected to Jump as War Lifts Fuel Margins

April 27, 2026 by EnergyNow Media

The Valero Refinery in Wilmington is shown from Signal Hill, California, U.S., January 14, 2026. REUTERS/Mike Blake/File Photo Purchase Licensing Rights, opens new tab Summary Diesel, jet fuel margins surged after Strait of Hormuz closure disrupted supply Phillips 66, Valero, and Marathon Petroleum expected to post higher quarterly profits Analysts expect strong fuel margins to boost refiner … Read more

Oil Up as US-Iran Peace Talks Stall…Again

April 28, 2026April 27, 2026 by EnergyNow Media

Summary Trump says Iran can call if it wants to talk Iranian envoy shuttles between Pakistan, Oman and Russia Goldman Sachs raises fourth-quarter oil price forecasts (Reuters) – Oil prices jumped almost ‌3% on Monday as peace talks between the U.S. and Iran stalled and shipments through the Strait of Hormuz remained limited, … Read more

Goldman Sachs Raises Oil Price Forecasts on Tight Supply

April 28, 2026April 27, 2026 by EnergyNow Media

Goldman Sachs raises oil price forecasts on tight supply Goldman Sachs has raised its oil price forecasts for the fourth quarter to $90 a barrel for Brent crude and $83 for U.S. West Texas Intermediate (WTI), on lower output from the Middle East. “The economic risks are larger than our crude base case alone suggests … Read more

Iran Peace Hopes Fade as Trump Scraps Talks

April 26, 2026 by EnergyNow Media

A staff member removes the Iranian flag from the stage after a group picture with foreign ministers and representatives of the U.S., Iran, China, Russia, Britain, Germany, France and the European Union during the Iran nuclear talks at the Vienna International Center in Vienna, Austria July 14, 2015. REUTERS/Carlos Barria/File Photo

Hopes of a diplomatic breakthrough in the U.S.-Israeli war with Iran faded on Sunday, as efforts to revive talks stalled and both Tehran and Washington showed little sign of softening their positions. Iranian Foreign Minister Abbas Araqchi flew back to the Middle East from mediation talks in Pakistan over the weekend, while U.S. President Donald … Read more

Trump Tells Fox News Iran Can Call US if it Wants to Negotiate

April 26, 2026 by EnergyNow Media

President Donald Trump said on Sunday that Iran can reach out to the United Stated if it wants to negotiate an end to the war between the two countries. “If they want to talk, they can come to us, or they can call us. You know, there is a telephone. We have nice, secure lines,” … Read more

SLB, Baker Hughes See Oil Exploration Spending Rising as Iran War Disrupts Supply

April 27, 2026April 25, 2026 by EnergyNow Media

(Reuters) – Top oilfield services companies SLB and Baker Hughes said on Friday they expect higher spending on oil exploration and production, as tighter global supplies driven by the Middle East conflict highlight the need for investment, particularly in North America. The U.S.-Israeli war with Iran has halted 20% of the world’s oil that usually … Read more

US Imposes Sanctions on Chinese Teapot Refinery for Buying Iranian Oil

April 24, 2026 by EnergyNow Media

oil,refinery,plant,and,industrial,factory,building,construction,from,engineering

By Timothy Gardner US targets Hengli Petrochemical and 40 firms, vessels for helping Iran sell oil Sanctions aim to restrict Iran’s oil exports Experts say targeting Chinese banks would have greater effect US has warned two Chinese banks ‌it is willing to impose secondary sanctions WASHINGTON, April 24 (Reuters) – The Trump administration said on … Read more

Amber Energy Says it Will Invest $11 Billion in Citgo if Sale is Finalized

April 24, 2026 by EnergyNow Media

By Erwin Seba HOUSTON, April 24 (Reuters) – Amber Energy CEO Greg Goff promised $11 billion in investments in Citgo Petroleum if the U.S. Treasury Department’s Office ‌of Foreign Assets Control releases the refiner owned by Venezuela to Amber as a Delaware judge approved in November. Goff’s appeal for release of control to Amber came … Read more

Oil Prices End Volatile Session Mixed But Up Sharply for the Week on Supply Worries

April 27, 2026April 24, 2026 by EnergyNow Media

By Laila Kearney and Alex Lawler Iran to make offer aimed at satisfying US demands, Trump tells Reuters Trump to send Witkoff and Kushner to Pakistan for Iran talks, CNN reports WTI falls on the day, but both benchmarks rise on the week NEW YORK/LONDON, April 24 (Reuters) – Oil prices whipsawed in volatile trade … Read more

US Drillers Add Oil and Gas Rigs for First Time in Three Weeks, Baker Hughes Says

April 24, 2026April 24, 2026 by EnergyNow Media

(Reuters) – U.S. energy firms this week added oil and natural gas rigs for the first time in three weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by one to 544 in the week to April … Read more

US Exporters are Plugging a Qatar-Sized LNG Supply Hole – For Now: Maguire

April 24, 2026 by EnergyNow Media

tanker (Reuters) – U.S. LNG exporters have so far offset the drop in shipments from Qatar following Iranian attacks on its facilities and the closure of key Middle East shipping lanes, ensuring that total supplies remain at record highs despite the war. The on-again, off-again peace talks with Iran mean that the repair of damaged … Read more

S&P Global Announces New Strategic Direction for Upstream Energy Business

April 24, 2026 by EnergyNow Media

Divests its geoscience and petroleum engineering software portfolio to global technology firm SLB in order to sharpen focus on proprietary data and insights Launches Titan, a new customer facing AI-powered platform for upstream data and insights Partners with SLB to distribute S&P Global Energy data and develop new tools NEW YORK, April 24, 2026 /PRNewswire/ … Read more

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