DNO and Dana Gas stop Kurdistan production after U.S. - Israel strikes on Iran
Oslo-listed DNO, and Dubai-listed DNA Gas, halted oil and gas production in their respective fields, located in Kurdistan, Iraq, out of caution, following the United States' and Israel's strikes against Iran.
Sources say that oil and gas traders and majors suspend their shipments via Hormuz due to US attacks on Iran.
Four trading sources reported on Saturday that some oil majors, as well as top trading houses, have suspended shipments of crude oil, fuel, and liquefied gas (LNG) via the Strait of Hormuza…
OPEC+ could consider a larger increase in oil production, according to sources after the Iran strike
Two sources said that OPEC+ could consider a bigger than planned 'output increase' on Sunday. Leading producers Saudi Arabia and?UAE had already boosted exports to prepare…
Iran's main oil, gas and infrastructure production
On Saturday, Israel and the United States launched an offensive against Iran. The attack could cause oil and gas production to be disrupted and damage the energy infrastructure in the Middle East.
Baker Hughes reports that US oil and gas drillers have cut back on rigs in the US for the first time in six-weeks.
Baker Hughes, an energy services company, said that the U.S. cut back on the number of natural gas and oil rigs for the first time since six weeks. The number of oil and gas drilling rigs…
Mexico's Pemex narrows its losses in the last quarter of 2025
Pemex, the Mexican state energy company, has reported a sharp decline in losses for 'the fourth quarter. A filing with 'the Mexican stock exchange showed a loss of $8.62 million.
Sources: EDF continues to sell Edison shares despite Italian energy decree
Three sources familiar with the matter said that France's EDF was moving forward with a possible listing or a sale of a?stake?in Italian company Edison despite the regulatory…
GKN's cancellation of plans for a magnet factory is a setback to Europe's goal for rare earths
GKN Powder Metallurgy scrapped plans to manufacture rare earth permanent'magnets' in Europe. Three sources familiar with the matter confirmed this, highlighting Europe’s…
ADNOC offers partners more Murban crude ahead of the OPEC+ meeting, sources and reports say
Abu Dhabi will 'export' more of its Murban crude, according to Bloomberg News and two trade sources. This will add to the already abundant supply from Middle East producers.
Wartsila CEO sees boost from Trump Datacenter Push
The CEO of the Finnish energy company said that a push to have U.S. datacentres use their own power would boost the demand for Wartsila’s environmentally friendly products…
Prices for gas in Europe are mixed as traders take into account geopolitical risks, weather and outages in Norway
The European benchmark wholesale gas price was mixed on Friday. Prices in Britain were higher due to outages in Norway, while Dutch prices were lower because of mild weather.
Malaysia's Petronas reports a decline in profit and revenue for the third consecutive year 2025
Petroliam Nasional Bhd (or?Petronas? ) is the state-owned energy company in Malaysia. After the oil price fell, BP reported a lower profit and revenue for 2025. This is the third consecutive year of decline.
Fugro reports year-loss due to challenges in renewables
Dutch geological data specialist Fugro reported on Friday a loss of 21 million euros ($25 million), reflecting the challenges faced by the offshore wind industry, and announced…
Sources claim that India wants to reduce coal imports for the power sector by 30% in this year.
India, which is the second largest thermal coal importer in the world, wants to reduce its imports by at least 30 percent. It has asked the industry to experiment with blending…
Palm set to decline monthly due to sluggish ringgit and exports.
Malaysian palm futures rebounded on Friday, tracking gains in Chicago soybean oil, but were set to suffer their largest monthly drop in 10 years due to sluggish shipments and a stronger ringgit.
Venezuela suspends 19 oil, gas production-sharing contracts signed under Maduro, sources say
Four sources familiar with the matter said that Venezuela's oil ministry suspended 19 contracts signed with private companies under the?administration? of President Nicolas Maduro.
Steve Cohen's Point72 has hired a Castleton veteran trader to help with commodities, according to sources
Three sources told us that Steve Cohen's hedge fund Point72 Asset Management hired Ryan Sheffler to be its natural gas portfolio manager in order to expand the commodities trading desk.
Venezuela suspends 19 oil, gas production-sharing contracts signed under Maduro government, sources say
Four sources with knowledge of the?move? said that Venezuela's Oil Ministry has suspended a total of?19 oil-production-sharing contracts signed by?private companies under President Nicolas Maduro.
Coterra misses its quarterly profit forecasts, pointing to winter storm as a factor in Q1 output
Coterra Energy missed Wall Street's expectations for the fourth quarter profit on lower crude prices and warned that its first-quarter production would be affected by the U.S. winter storm.
Portugal's EDP CEO: Data centre boom in Iberia to be supplied by EDP
EDP, Portugal's largest utility, is stepping up to meet the demand for data centres in Iberia. The company was attracted by electricity prices that will remain low in comparison to other parts of Europe.