Angola says rising oil prices are positive for government revenues but warns the rally driven by Middle East tensions may be temporary and could increase the country’s import costs. SourceContinue Reading

Petrobras reported net income of $19.6 billion in 2025 as oil and gas production increased 11% to nearly 3 MMboed, supported by new FPSOs in Brazil’s Búzios and Mero fields. SourceContinue Reading

Parex Resources has submitted a $500 million bid to acquire Frontera Energy’s upstream oil and gas assets in Colombia, a proposal the company says is superior to its previously announced transaction with GeoPark. SourceContinue Reading

The International Energy Agency said it sees no immediate need to release emergency oil reserves despite disruptions in the Strait of Hormuz, citing ample global supply and only temporary logistical impacts from the Iran conflict. SourceContinue Reading

Pipeline Gaps and Refinery Shifts Expose California’s Energy Vulnerability | OilPrice.com Robert Rapier Robert Rapier is a chemical engineer in the energy industry. He has 25 years of international engineering experience in the chemical, oil and gas, and… More Info Premium Content By Robert Rapier – Mar 06, 2026, 9:00 AM CST California is functionally...Continue Reading

Kuwait Shuts Production, Qatar Warns Oil Could Hit $150 in Weeks | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Related News By Michael Kern – Mar 06, 2026, 8:43 AM CST Oil prices could soar to as much as $150 per barrel within two to three...Continue Reading

Europe’s Gas Price Set for Largest Weekly Gain in Three Years | 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 – Mar 06, 2026, 8:30 AM CST Europe’s benchmark natural gas prices...Continue Reading

Oil Prices Surge Toward $90 as Middle East Tensions Escalate | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – Mar 06, 2026, 7:19 AM CST Oil prices surged again on Friday, putting...Continue Reading

Oil Prices Hit $90 as Middle East Tensions Escalate | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – Mar 06, 2026, 7:19 AM CST Oil prices surged again on Friday, putting crude...Continue Reading

Europe-Bound LNG Cargoes Divert to Asia as War Upends Gas Market | 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 – Mar 06, 2026, 6:18 AM CST A growing number of LNG...Continue Reading