The momentum sparked by the U.S.-China tariff reduction agreement fueled gains across the energy sector, with major oil companies posting significant advances. Marathon Petroleum led the pack, surging 5.73%, followed closely by ConocoPhillips at 5.63%. Chevron saw a solid 3.09% increase, while BP gained 2.32%. European majors also joined the rally, with Equinor up 1.52%,...Continue Reading

Egypt to Boost LNG Imports as Soaring Demand Outpaces Local Supply | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – May 12, 2025, 8:30 AM CDT State firm Egyptian Natural Gas Holding Company (EGAS) has signed a 10-year agreement with Hoegh Evi to have it deploy...Continue Reading

Morgan Stanley Predicts Slump in Big Oil Profits | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – May 12, 2025, 7:18 AM CDT Earnings at the biggest international oil companies are...Continue Reading

Oil Prices Surge As U.S. and China Agree to Tariff Cuts | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Premium Content By Tsvetana Paraskova – May 12, 2025, 6:05 AM CDT The United States and China...Continue Reading

Cobalt Holdings Announces London Stock Exchange IPO | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – May 12, 2025, 5:44 AM CDT Cobalt Holdings plc, a company created primarily to purchase...Continue Reading

The Real Reason China is Buying More Oil | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Premium Content By Tsvetana Paraskova – May 12, 2025, 4:33 AM CDT China’s increased crude oil imports in March and...Continue Reading

Traders Are Rebranding Venezuelan Oil to Bypass Sanctions | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Related News By Irina Slav – May 12, 2025, 3:00 AM CDT More than $1 billion worth of Venezuelan oil has been...Continue Reading

Traders Are Rebranding Venezuelan Oil to Bypass Sactions | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Related News By Irina Slav – May 12, 2025, 3:00 AM CDT More than $1 billion worth of Venezuelan oil has been...Continue Reading

EV Battery Giant Eyes $4 Billion in Hong Kong Share Issue | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Related News By Irina Slav – May 12, 2025, 2:00 AM CDT China’s CATL, the world’s largest electric vehicle...Continue Reading

Weaker Oil Prices Weigh On Aramco’s Q1 Profit | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Related News By Irina Slav – May 12, 2025, 12:48 AM CDT Lower oil prices over the first quarter of the year...Continue Reading