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Oil Prices Retreat as Peace Hopes Grow

10 November 2026, 9:02pm
Crude extended its decline as diplomatic hopes and recovering Persian Gulf oil flows weighed on prices.
Read more... (source: www.rigzone.com)

Macron Negotiates Hormuz Insurance with Gulf States

10 November 2026, 3:44pm
Discussions are ongoing with Saudi Arabia and other Gulf states to design a publicly backed vehicle that would assume parts of the insurance risk for vessels to go through the waterway and facilitate deliveries of energy by lowering shipment costs.
Read more... (source: www.rigzone.com)

Occidental Profit Tops Estimates as Debt Slashed

10 November 2026, 3:32pm
'We reached an important milestone in the third quarter, reducing principal debt to $10 billion after retiring $10.4 billion of debt since the beginning of this year'.
Read more... (source: www.rigzone.com)

ORLEN Cites Foreign Operations as Profit Rises

10 November 2026, 2:36pm
Poland's majority state-owned ORLEN reported a 40 percent increase in revenue from foreign markets, saying expansion abroad has allowed it to pursue profitability while holding down its prices at home.
Read more... (source: www.rigzone.com)

Uniper to Increase Dividend

10 November 2026, 12:47pm
Uniper plans a dividend of EUR 0.77 per share for 2026, up seven percent year-on-year, as net profit adjusted for nonrecurring items more than doubled for the first nine months of 2026.
Read more... (source: www.rigzone.com)

ADNOC Gas Profit Flat YoY as Hormuz Continues to Weigh on Exports

10 November 2026, 11:59am
The natural gas processing and sales arm of Abu Dhabi National Oil Co reported $1.34 billion in net profit for Q3, stable compared to the same three-month period in 2025 as high prices offset lower sales volumes.
Read more... (source: www.rigzone.com)

US Holds Off Strikes after Qatari Mediation

10 November 2026, 9:42am
Trump indicated he is keen to pursue diplomacy with Iran and wind down the war following a White House meeting with the prime minister of Qatar, the main mediator between the warring sides.
Read more... (source: www.rigzone.com)

Qatar LNG Loadings Gain Pace

10 November 2026, 8:58am
Liquefied natural gas loadings onto tankers from Qatar have picked up over the past few weeks, suggesting the major exporter is seeking to get more cargoes to the global market despite ongoing disruptions in the Strait of Hormuz.
Read more... (source: www.rigzone.com)

Oil Prices Sink on Iran Peace Hopes

9 November 2026, 9:27pm
Oil prices plunged as renewed Iran peace hopes eased concerns over Middle East supply disruptions.
Read more... (source: www.rigzone.com)

Aramco Tower Targeted

9 November 2026, 8:00pm
A Houthi attack damaged one of the landmarks of the Saudi Arabian capital's financial district.
Read more... (source: www.rigzone.com)

North America Goes Back to Losing Rigs, BH Shows

9 November 2026, 3:31pm
North America dropped two rigs week on week, according to Baker Hughes' latest North America rotary rig count.
Read more... (source: www.rigzone.com)

Trump Says He Backs Energy Permitting Bill on Eve of Vote

9 November 2026, 3:17pm
A bipartisan plan to speed the federal approval process for major energy and infrastructure projects received the endorsement of President Donald Trump on the eve of a key Senate vote.
Read more... (source: www.rigzone.com)

Strathcona, Greenfire Agree Oil Sands Merger

9 November 2026, 3:03pm
Strathcona agreed to acquire Greenfire for up to around $2.06 billion, a combination that the Canadian companies said would create an oil sands major that offers faster growth than larger rivals.
Read more... (source: www.rigzone.com)

ADNOC, SNOC to Explore Gas Partnership

9 November 2026, 1:49pm
ADNOC Gas and Sharjah National Oil agreed to study potential collaboration aligned with strengthening natural gas supply security in the United Arab Emirates.
Read more... (source: www.rigzone.com)

Which USA Oil Major Produced the Most in Q3 2026?

9 November 2026, 1:05pm
Which U.S. oil major produced the most in the third quarter of 2026 - ExxonMobil, Chevron, or ConocoPhillips?
Read more... (source: www.rigzone.com)

QatarEnergy, Chevron Expand Exploration Partnership offshore Namibia

9 November 2026, 12:51pm
QatarEnergy is entering into another partnership with Chevron offshore Namibia with the acquisition of a 25 percent stake in Petroleum Exploration License 82.
Read more... (source: www.rigzone.com)

Hungary's MOL Group Sees Profit Surge on Bumper Refining Margins

9 November 2026, 11:36am
Hungary's state-backed MOL Group reported around $865 million in net profit for the third quarter, up 143 percent from the same three-month period last year as refining margins soared.
Read more... (source: www.rigzone.com)

Oil Experiences Sharpest Weekly Decline in Months

9 November 2026, 11:07am
Crude oil experienced its sharpest weekly decline in months on Friday, Ole S. Hansen, Saxo Bank's Head of Commodity Strategy, said in a report sent to Rigzone.
Read more... (source: www.rigzone.com)

Trump Hints US Holding Back from Striking Iran

9 November 2026, 9:00am
On the other hand, Rubio, Trump's secretary of state, played down the chances of rapid progress in negotiations, saying Tehran's demands to date are unacceptable.
Read more... (source: www.rigzone.com)

South Bow Q3 Profit Beats Estimates

8 November 2026, 11:00am
South Bow reported $99 million in normalized net profit - its version of net profit adjusted for special items - for the third quarter, down quarter-on-quarter and flat year-on-year as Keyston Pipeline throughput dropped.
Read more... (source: www.rigzone.com)

U.S. crude oil imports from Venezuela in July were highest since 2017

6 November 2026, 2:00pm
In July 2026, U.S. imports of crude oil from Venezuela averaged 701,000 barrels per day (b/d), the most since May 2017, before decreasing to 655,000 b/d in August, according to data published in our Petroleum Supply Monthly
Read more... (source: www.eia.gov)

Refineries have shifted production away from gasoline to middle distillates

5 November 2026, 2:00pm
Particularly high refinery margins for distillate fuel oil and jet fuel have contributed to shifts in the refinery yields of major products in 2026. Data from our latest Petroleum Supply Monthly—which includes data through August 2026—indicate refinery yields of gasoline have decreased significantly this year to support increased production of distillate fuel oil and jet fuel, sometimes referred to as middle distillates due to their relative cut points in the oil refining process.
Read more... (source: www.eia.gov)