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Update: Tech Stocks Drag Down Equity Index Futures Pre-Bell Amid AI, Gulf Worries
(Updates with latest index futures, equity, and oil prices in the second, third, and sixth paragraph...
Exchange-Traded Funds, Equity Futures Decline Pre-Bell Friday as Investors Shift Focus From Middle East to Technology Stocks
The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.7%, and the actively t...
Saudi Arabia Set to Slash Oil Prices as Hormuz Reopens
Saudi Arabia is expected to slash the official selling prices of its crude loading for Asia in Augus...
Norway Oil and Gas Producers Increase Investment Forecasts for 2026 and 2027
Norwegian oil and gas companies have raised their investment forecasts for 2026 and 2027 compared to estimates three months earlier, though overall capital spending is still on track to decline slight ...
US Crude Oil, Gasoline Inventories Continue Freefall
Crude oil inventories in the United States decreased by 3.3 million barrels during the week ending May 22, according to new data from the U.S. Energy Information Administration (EIA) released on Thurs ...
Kazakhstan Sides With Russia in $1.4 Billion Gazprom Dispute
A ruling against the Russian energy behemoth Gazprom issued by a special court in the Kazakh capital Astana will not be enforced by the government, Kazakhstan’s justice minister has stated. The commen ...
Chevron Files to Take 70% Stake in Greek Offshore Block
Chevron has filed a request to buy 70% in an oil and gas exploration block offshore southwest Greece in what would be another step in the U.S. supermajor’s expansion in the Eastern Mediterranean. Chev ...
Uniper Sees Gas Shortage in Winter If Storage Rates Don't Speed Up
Energy giant Uniper warns that Germany could face natural gas shortages in the winter if it doesn't accelerate the rate of filling gas storage sites. Uniper's chief executive Michael Lewis called for ...
Ousted BP Chair Denies Bullying and Misconduct Claims
BP’s ousted chair has hit back at the group’s decision to fire him over governance issues, launching a robust defence of his short-lived tenure on the supermajor’s board and rejecting the “false narra ...
Suriname Wants Two Wins From One Block: Gas Is Done, Oil Could Follow
Suriname’s offshore Block 52, which has already yielded a major gas discovery, could be declared commercial for oil within the next year and a half, Annand Jagesar, managing director of Suriname’s sta ...
Malaysia Boosts Domestic Gas Use as Power Demand Hits Record Highs
A major heatwave and soaring data center electricity consumption are driving Malaysia’s power demand to record highs, pushing the world’s fifth-largest LNG exporter to increase domestic gas use for po ...
TotalEnergies Plans $5.2 Billion Offshore Wind Project in Normandy
TotalEnergies has applied for authorization of France's biggest renewables project, a 1.5-GW offshore wind project off Normandy, which is estimated to cost $5.2 billion, the French supermajor said on ...
High Freight Costs Force Asian Buyers to Cancel U.S. LPG Cargoes
The Middle East supply crunch has led to soaring freight rates to ship liquefied petroleum gas (LPG) to Asia from other regions, prompting some buyers to cancel U.S. cargoes due to the high shipping c ...
Europe Turns to Canadian LNG as Gulf and Russian Gas Risks Deepen
A number of European energy utilities have expressed interest in buying the future output of the Ksi Lisims LNG project, which will be Canada’s second export facility for liquefied gas. The Ksi Lisims ...
Three Oil and Two Gas Carriers Clear Hormuz
Two supertankers and an LNG carrier have passed through the Strait of Hormuz this week and are currently en route to their destinations in China and India, Reuters reported today, citing data from Kpl ...