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Brent crude surges 4.5%, as Trump rejects Iran peace proposal
U.S. President Donald Trump rejected Iran's latest response to a Middle East peace proposal. Brent crude futures surged 4.5% following the announcement....
Constellation Energy Jumps 5% on Q1 Beat, Led by Nuclear Fleet Strength
Constellation Energy (Nasdaq: CEG) reported adjusted operating earnings of $2.74 per share for the first quarter of 2026. Revenue reached $11.12 billion during...
Oil Prices Jump 4% Past $105, US Rejects Iran Peace Proposal
Oil prices jumped more than 4% on Monday. The United States rejected Iran’s response to a peace proposal, reducing hopes for a near-term resolution. Brent...
Aramco Q1 Profit Jumps 25% to $32.5B, Driven by Iran Supply Disruptions
Saudi Aramco reported a $32.5 billion profit for the first quarter, a 25% increase. The state-owned giant attributed the surge to higher crude oil...
Oil Prices Surge, Following Israeli Defence Chief's Strike Warning
Global oil prices surged today after Israel's Defence Chief announced potential fresh military strikes. This escalation increased geopolitical tensions in the...
Saudi Aramco Profit Jumps 26%, Bypassing Hormuz Blockade via Pipeline
Saudi Aramco reported a 26% year-on-year increase in first-quarter net profit. The world's largest oil producer earned $33.6 billion during the period. These...
Crude oil surges past $100, driven by Strait of Hormuz tensions
Escalating tensions in the Strait of Hormuz are driving significant volatility across global energy markets. This maritime chokepoint facilitates the transport...
Norway Reopens Three Gas Fields, Bolstering European Energy Security
Norway will develop rather than dismantle its offshore oil and gas activities to ensure long-term energy security for Europe. Energy Minister Terje Aasland...
Chevron commits $10 billion to Argentina shale, leveraging new investment laws
Chevron is launching a development plan exceeding $10 billion for Argentina’s Vaca Muerta shale formation. This represents one of the largest unconventional...
Doosan Enerbility develops 90MW gas turbine, tackling AI power shortages
Doosan Enerbility will enter the mid-sized gas turbine market with a new 90 MW model. The South Korean engineering firm plans to launch the turbine next...
ConocoPhillips to spend $2.2B reviving North Sea fields, securing European gas
Norway’s Ministry of Energy has approved ConocoPhillips’ plan to redevelop three closed oil and gas fields. The project targets the Albuskjell, Vest Ekofisk,...
House Bill Seeks Oil Export Ban to Cut Prices Amid Iran Conflict
The U.S. House of Representatives introduced the Stop Oil Exports to Lower Gas Prices Act to temporarily ban exports of American crude oil, gasoline, and...
Devon Energy Closes $58B Coterra Merger, Launches $8B Share Buyback
Devon Energy and Coterra Energy completed their $58 billion all-stock merger. The deal creates a leading U.S. shale operator under the Devon Energy name. The...
Devon Energy closes $58 billion Coterra merger, triggers $8 billion buyback
Devon Energy and Coterra Energy completed their $58 billion all-stock merger. The combined entity operates under the Devon Energy name. The company is...
U.S. and Iran clash in Strait of Hormuz, spiking oil prices
U.S. Central Command conducted self-defense strikes against Iranian targets in the Strait of Hormuz. Iranian missiles and drones targeted three American...
Oil prices jump toward $100, following U.S.-Iran clashes in Strait of Hormuz
Oil prices jumped on May 8 following a direct exchange of fire between U.S. and Iranian forces in the Strait of Hormuz. West Texas Intermediate (WTI) crude...
WTI Crude jumps to $97, as Iran port explosions dash peace hopes
U.S. crude oil futures surged approximately 2.5% on May 8. West Texas Intermediate (WTI) settled at $97.18 per barrel. The price increase represented a $2.37...
Oil Rebounds Past $100, as US-Iran Peace Hopes Fade
Crude oil prices rebounded on May 7. This movement reversed a sharp decline recorded on May 6. Optimism for an imminent peace deal between the U.S. and Iran...
EU Readies Emergency Oil Release, Citing Hormuz Blockade
The EU Oil Coordination Group met today to evaluate the Strait of Hormuz blockage and its impact on European energy security. Experts from the European...
Oil Prices Plunge Toward $96, Spurred by U.S.-Iran Peace Progress
Brent crude futures dropped toward $96 per barrel on Thursday. This price level represents a two-week low for the commodity. The movement extends a nearly 8%...