Rystad: U.S.-Iran Re-Escalation Could Drive Oil To $180 By August | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Related News By Alex Kimani – Jun 01, 2026, 12:30 PM CDT An acute re-escalation in the U.S.-Iran conflict and a prolonged blockage of the Strait...Continue Reading

Top 5 Commodities Impacted By The Iran War | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Premium Content By Alex Kimani – Jun 01, 2026, 12:00 PM CDT The Iran war has triggered major disruptions across multiple commodity markets, with crude oil, LNG, fertilizers,...Continue Reading

Pakistan Inflation Accelerates to 11.7% on Oil and Gas Import Shock | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jun 01, 2026, 11:30 AM CDT The surge in international oil and gas prices amid the Iran war hiked Pakistan’s inflation to the highest level in...Continue Reading

Ukrainian Drones Strike Russian Refinery Deep Behind Front Lines | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Premium Content By RFE/RL staff – Jun 01, 2026, 11:30 AM CDT Ukrainian drones struck...Continue Reading

Norway Strike Could Hit 600 Offshore Workers as Wage Talks Collapse | 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, 10:30 AM CDT A...Continue Reading

Inside The Iran Deal That May Change Nothing — But Could Smash Oil Prices Anyway | OilPrice.com Simon Watkins Simon Watkins is a former senior FX trader and salesman, financial journalist, and best-selling author. He was Head of Forex Institutional Sales and Trading for… More Info Premium Content By Simon Watkins – Jun 01, 2026,...Continue Reading

Industry leaders, policymakers and operators will gather in St. John’s this week for the Energy NL Conference & Exhibition, where discussions will focus on offshore oil and gas development, local content opportunities and the future of Newfoundland and Labrador’s energy sector. SourceContinue Reading

bp and its ACG partners have commenced the first commercial non-associated gas production at the Azeri-Chirag-Gunashli field offshore Azerbaijan, opening a new development phase with an estimated 4 Tcf to 6 Tcf of recoverable gas resources. SourceContinue Reading

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