News

1. Oil Drops to Four-Month Low

   Oil prices fell sharply as hopes grew for a Hormuz reopening agreement between the US and Iran.

2. Hope for Hormuz as Iran, US Edge Closer to Peace Deal

   The U.S. and Iran moved closer to an interim peace agreement meant to reopen the Strait of Hormuz.

3. APA Expands Alaska Footprint with Savant Acquisition

   'The acquisition of Savant secures control of strategic infrastructure adjacent to our eastern North Slope acreage, enhancing our ability to execute our planned drilling program efficiently'.

4. Aker BP Raises Stake in Norway's Johan Sverdrup

   Aker BP and its partners in the Johan Sverdrup Unit on Norway's side of the North Sea completed a redetermination that entitles Aker BP to 2.2 million barrels of oil equivalent over the next 2 years due to its ownership increasing to 31.7163 percent.

5. Repsol Brings In Masdar as Partner in Spanish Renewables Portfolio

   The partnership covers assets valued around $983 million including 705 megawatts of operational capacity.

6. Naftogaz Wins Its First Long-Term Regasification Booking in Europe

   The Ukrainian state-owned company won 12-year rights to regasify at the liquefied natural gas terminal in Klaipeda, Lithuania.

7. Russian Oil Output at Lowest in Year amid Ukrainian Strikes

   Russian producers pumped an average of 9.009 million barrels a day of crude in May, according to OPEC.

8. Trump Claims Iran Deal Close in Uturn

   The U.S. president pulled back threatened military strikes against Iran, a stark reversal that came just hours after he vowed to hit the Islamic Republic 'VERY HARD' and threatened to seize its oil infrastructure.

9. Oil Falls to April Lows on Trump Signals

   Oil fell sharply after Trump signaled progress toward a potential peace deal with Iran.

10. Greek LNG Buyer Says Long Term USA Deals Getting Harder

    The boss of Greece's Atlantic SEE LNG Trade said it's becoming more difficult to secure long-term liquefied natural gas deals with U.S. suppliers.

11. USA Gasoline Prices Drop for 4 Straight Weeks

    In a blog posted on its website on Monday, GasBuddy highlighted that U.S. gasoline prices had fallen for four straight weeks but warned that 'the streak may be in danger'.

12. Dangote Refinery Seeks to Raise $1B in Private Debt Sale

    Nigerian tycoon Aliko Dangote's refinery unit is seeking to raise as much as $1 billion through a private sale of debt, people with knowledge of the plan said.

13. Alberta Says It's Talking with Fortune 500 Co to Finance Pipeline

    'We've had one particular discussion with a proponent, actually a Fortune 500 company, in very general terms about financing the entire project and building the entire project', Alberta's energy minister Brian Jean said.

14. USA Commercial Crude Oil Stocks Down Over 7MM Barrels WoW

    Crude oil stocks, not including the SPR, stood at 426.5 million barrels on June 5, the EIA's latest weekly petroleum status report showed.

15. Rystad Warns Oil May Climb Towards $150

    Rystad Energy estimated that if U.S.-Iran 'hostilities were to resume in earnest', oil prices could 'move towards $150 per barrel'.

16. USA Strikes Iran

    The U.S. military launched strikes against 'multiple' targets in Iran for the second straight day.

17. Oil Climbs as Trump Warns Iran

    Oil prices rose after Trump warned Iran of further US attacks.

18. Iran Linked Oil Tanker Suffers Fire

    A tanker that has previously carried Iranian oil suffered a fire in the Gulf of Oman, maritime security companies and local navies said.

19. Suez Canal Gets Oil Tanker Boost

    The number of oil tankers crossing Egypt's Suez Canal surged by almost a third in April and drove revenue to the highest since early 2024.

20. Antares Successfully Tests Nuclear Microreactor

    Antares Nuclear achieved 'initial criticality' for a microreactor design that uses TRISO fuel, the first to reach that stage under a Trump administration program.