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Oil stocks lose appeal as oversupply looms. Analysts cut price targets for European majors amid rising supply and slowing demand growth.

European Oil Majors Are Set to Struggle as a Supply Glut Looms

Irina Slav for Oilprice.com | Oil stocks went back in vogue two years ago with a vengeance as investors sought to take...

Global oil inventories have tightened significantly, reaching their lowest levels in nearly two years, just before an upcoming Opec+ meeting.

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Global Oil Inventories Shrink as OPEC+ Decision Looms

By Julianne Geiger for Oilprice.com | As OPEC+ gears up for its next meeting, the group finds itself at a crossroads that...

Santos Says Natural Gas Demand Will Remain Strong After 2050 despite government and company efforts to zero out emissions by mid-century.

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Santos Says Natural Gas Demand Will Remain Strong After 2050

by Bloomberg|Paul-Alain Hunt, Stephen Stapczynsk| According to Kevin Gallagher, the head of Santos Ltd, demand for natural gas will remain strong despite government...

Poland received a European German arrest warrant issued by Berlin concerning the 2022 attack on Nord Stream pipelines, but he as left the country

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Poland received German request to arrest Nord Stream suspect but he’s left country, prosecutors say

Rachel More and Anna Wlodarczak-Semczuk |REUTERS| BERLIN| Poland received a European arrest warrant from the Germans in Berlin, concerning the 2022 attack...

Geopolitical risks in the Middle East rise, threatening oil supply and market stability amid the Israel-Hamas conflict, per BMI analysts

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BMI Analysts Put Middle East War Risk at 50 Pct

Story by Andreas Exarheas| RigZone.com| Geopolitical risks in the Middle East have risen to their highest level since the start of the...

In an unprecedented string of escalating events, Iran is expected to retaliate against Israel within the next 48 hours.

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Iran Expected to Retaliate Against Israel by Tomorrow

Story by Andreas Exarheas| RigZone.com | In its latest Maritime Security Threat Advisory (MSTA), which was released on August 5, Dryad Global warned...

Helmerich & Payne H&P just expanded its worldwide oil and gas exploration drilling business with a $1.9 billion acquisition of KCA Deutag

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Helmerich & Payne, KCA Deutag form global onshore drilling powerhouse in $2 billion acquisition

Helmerich & Payne, Inc. and KCA Deutag International Limited (“KCA Deutag”) announced a definitive agreement under which the H&P drilling company will...

Kuwait Oil Company reports major light oil and gas discovery in offshore Al-Nokhatha field near Failaka Island, boosting national reserves.

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Kuwait Looks To Nearly Double Production After Major Oil Find

By Alex Kimani for Oilprice.com |A week ago, Kuwait Oil Company (KOC) announced a significant discovery of light oil and associated gas in...

US-Armenia military exercise near Yerevan sparks intense anger in Moscow. Small-scale joint operation draws outrage from Kremlin.

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Armenia Deepens Western Ties with U.S. Military Drills

Story Credit: By Eurasianet | An ongoing joint military exercise involving a comparatively small number of American and Armenian troops at a base in...

THE European Union has agreed to work together to keep an alleged “shadow fleet” of oil tankers transporting Russian oil out of the seas.

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EU, UK Agree New Crackdown on ‘Shadow Fleet’ Carrying Russian Oil

by Jov Onsat | RigZone.com | Forty-four European countries, including the United Kingdom plus the European Union, have agreed to work together to...

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