Big Oil's Windfall Earnings Threaten to Reignite Trump's Price-Gouging Push
The projected surge in Q1 earnings for US supermajors ExxonMobil and Chevron, driven by geopolitical risk premiums, is poised to create a political headache for the Trump administration. While these w
Oil Market Swings From Glut Fears to Hormuz Toll Concerns
The global oil market is experiencing a rapid shift in sentiment as a surge in crude exports from the Persian Gulf alleviates recent supply scarcity fears, repl
OilPrice·Jul 7
Drone Strike Shuts Russia's Largest Refinery as Fuel Shortages Worsen
A successful Ukrainian drone strike has incapacitated Russia's massive Omsk refinery, severely disrupting the country's domestic fuel supply chain at a highly v
OilPrice·Jul 7
Super El Niño Could Push Colombia Into an Energy Crisis
The projected arrival of a 'Super El Niño' in 2026 poses a severe threat to Colombia's power grid, which relies heavily on hydroelectric generation. This loomin
OilPrice·Jul 7
Saudi Arabia Eyes Major Red Sea Pipeline Expansion to Bypass Hormuz
Saudi Arabia is actively exploring a massive 2 million barrels per day expansion of its East-West crude pipeline, a strategic move designed to significantly red
OilPrice·Jul 7
Jul 7
BP Exits Bay du Nord Project offshore Canada
Rigzone
Jul 7
North America Finally Snaps Rig Count Addition Streak
Rigzone
Jul 7
Well-Safe bags new North Sea decom job: Archer, NMC Energy supporting P&A ops for 260+ wells