Global Inflation Angst Is Back
Spiking energy prices, more U.S. tariffs, and mushrooming spending on artificial intelligence are reawakening investors' inflation fears.
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Brent Pulls Back From $100
Crude declined after reports on US-Iran diplomacy and continued Red Sea oil flows reduced immediate supply concerns.
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SLB Sees Growth Broadening Beyond Mideast
The company, which helps clients drill oil wells and map underground pockets of crude, said the conflict is encouraging customers to spread investment across more regions.
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Santos Narrows 2026 Production Forecast
The Australian company narrowed its output guidance for the year from 101-111 million barrels of oil equivalent to 99-105 MMboe, despite ramp-up at the Barossa and Pikka oil and gas projects.
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Overseas Buyers In Hot Pursuit of USA Crude
U.S. crude is drawing overseas interest from Asian and European refiners.
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Novatek Posts Higher H1 Revenue
However, adjusted net profit for January-June 2026 fell nine percent year-on-year to RUB 216.49 billion.
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Analysts Map 4 Potential USA-Iran Conflict Scenarios
Rystad Energy mapped four potential U.S.-Iran conflict scenarios to assess their impact on oil prices.
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Aphrodite Group Secures MOU for Sale of Cypriot Gas to Egypt
The Chevron-led Aphrodite consortium, Cyprus Hydrocarbons and Egyptian Natural Gas signed a memorandum of understanding to enable the piped export of 100 percent of production from the Aphrodite field to Egypt.
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OEUK Hails 'Constructive Meeting' with New Energy Sec
Offshore Energies UK announced that its CEO, David Whitehouse, had a 'constructive meeting' with the UK's new Secretary of State for Energy.
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China Snaps Up Russian Oil as Mideast Risks Mount
Chinese buyers are snapping up Russia's flagship ESPO crude weeks earlier than usual, as heightened risks to Middle East oil flows prompt refiners to secure supplies before they're needed.