Rigzone Oil & Gas Headlines
- TotalEnergies SE and its partners plan to invest $10 billion in Angola's oil sector over the next five years.
- Oil posted a strong weekly gain as Middle East conflict and mounting supply risks kept markets on edge.
- The International Energy Agency cut forecasts for oil demand this year and warned consumption may decline further in the coming months.
- What if the assumptions embedded in the oil curve are wrong – J.P. Morgan analysts, including Natasha Kaneva, J.P. Morgan's Head of Global Commodities Strategy, ask.
- Brent surged more than 6% to $107.63 as escalating Middle East tensions heightened global supply concerns.
- Iran and the U.S. are digging in for a protracted war.
- The Brent oil price closed at $101.21 per barrel on Wednesday.
- Mexico plans to cut financial support for state-owned Petroleos Mexicanos by nearly 70 percent next year.
- Brent reached $101 as Middle East disruptions, falling inventories and renewed Chinese buying tightened markets.
- South Korea has identified a gas-fired power project in Texas as the first U.S. investment under a trade deal agreed last year, local media reported.