Parex Resources has completed its $500 million acquisition of Frontera E&P’s Colombian assets, adding approximately 37,000 boed of production and establishing the company as Colombia’s largest independent oil and gas producer. SourceContinue Reading

UPDATED 10:20 EST, MONDAY JUNE 1ST: Oil prices exploded higher Monday, with U.S. crude leaping more than 7% after Iran’s state-affiliated media reported that Tehran is cutting off diplomatic channels with Washington and moving to fully block the strategic Strait of Hormuz. The sudden breakdown in diplomacy shattered fragile market optimism, reversing earlier trading dynamics...Continue Reading

Oil prices climbed sharply after reports that Iran plans to suspend communications with the United States, raising concerns about ongoing ceasefire negotiations and efforts to restore energy exports through the Strait of Hormuz. SourceContinue Reading

Trump Hardens Terms as Iran Negotiations Reach Critical Stage | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Jun 01, 2026, 9:00 AM CDT The Trump administration has reportedly submitted a tougher framework proposal after Iran resisted previous terms concerning its nuclear material....Continue Reading

Weatherford has agreed to acquire NCS Multistage in a move that expands its well completions portfolio and strengthens its exposure to unconventional oil and gas development, while adding completion and production optimization technologies to its global offering. SourceContinue Reading

Russia Bans Jet Fuel Exports as Ukrainian Attacks Cripple Refining | OilPrice.com Tsvetana Paraskova What I Cover Tsvetana Paraskova is an energy and commodities journalist who has contributed to Oilprice.com for nearly a decade, covering global energy markets, commodities,… More Info Related News By Tsvetana Paraskova – Jun 01, 2026, 8:30 AM CDT Russia is...Continue Reading

BP Sells 5% Stake in Australia’s Newest $35 Billion LNG Project | OilPrice.com Tsvetana Paraskova What I Cover Tsvetana Paraskova is an energy and commodities journalist who has contributed to Oilprice.com for nearly a decade, covering global energy markets, commodities,… More Info Related News By Tsvetana Paraskova – Jun 01, 2026, 7:30 AM CDT BP...Continue Reading

India’s LNG Industry Pushes for Government Backing as Diesel Costs Surge | OilPrice.com Tsvetana Paraskova What I Cover Tsvetana Paraskova is an energy and commodities journalist who has contributed to Oilprice.com for nearly a decade, covering global energy markets, commodities,… More Info Related News By Tsvetana Paraskova – Jun 01, 2026, 6:30 AM CDT The...Continue Reading

Oil Prices Up 3% As Trump Demands Changes To Iran Deal | OilPrice.com Michael Kern What I Cover My focus spans the global energy landscape and the technologies reshaping it, specifically focusing on oil and gas, renewables, and tech-driven market… More Info Related News By Michael Kern – Jun 01, 2026, 5:32 AM CDT Oil...Continue Reading

French Navy Seizes Russia-Linked Tanker in the Atlantic | OilPrice.com Tsvetana Paraskova What I Cover Tsvetana Paraskova is an energy and commodities journalist who has contributed to Oilprice.com for nearly a decade, covering global energy markets, commodities,… More Info Related News By Tsvetana Paraskova – Jun 01, 2026, 4:30 AM CDT The French Navy has...Continue Reading