Aker BP is expanding deployment of AI-powered computer vision technology across its offshore drilling fleet, using DrillDocs’ CleanSight system to improve drilling efficiency, identify wellbore instability and reduce nonproductive time. SourceContinue Reading
U.S. and Iran Digitally Sign Peace Deal to Reopen Strait of Hormuz | 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 16, 2026, 9:00 AM CDT...Continue Reading
Equinor has outlined plans to increase production to 2.3 MMboed by 2030, supported by higher investment in oil and gas projects, expanded activity on the Norwegian Continental Shelf and 30% growth in international production. SourceContinue Reading
Brent crude fell below $80/bbl for the first time in more than three months as markets priced in increased oil supply following the U.S.-Iran agreement to reopen the Strait of Hormuz. Analysts lowered price forecasts as expectations grew for a recovery in Persian Gulf exports. SourceContinue Reading
Dubai and Murban Crude Signal End of Middle East Supply Crunch | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jun 16, 2026, 8:30 AM CDT The benchmark crude grades of the Middle East have slumped this week as the U.S.-Iran deal raises hopes that supply...Continue Reading
Qatar Eyes Quick LNG Restart Once Hormuz Reopens | 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 16, 2026, 7:30 AM CDT Qatar prepares to quickly...Continue Reading
India’s ONGC Considers Resuming Venezuela Oil Operations | 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 16, 2026, 6:30 AM CDT ONGC Videsh Ltd (OVL), the...Continue Reading
World’s Largest Tanker Operator Cautions Against Hormuz Rush | 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 16, 2026, 5:00 AM CDT The U.S.-Iran deal has...Continue Reading
Banks Slash Oil Price Forecasts After U.S.-Iran Breakthrough | OilPrice.com Irina Slav What I Cover Irina Slav has been writing about global energy markets since 2007, covering the oil and gas industry, energy security, commodities, and the… More Info Related News By Irina Slav – Jun 16, 2026, 3:30 AM CDT Morgan Stanley and Goldman...Continue Reading
ConocoPhillips Set to Become First U.S. Major to Sign Post-War Syria Gas Deal | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jun 16, 2026, 2:30 AM CDT ConocoPhillips is set to sign a deal with Syria’s state gas company this week for the development of...Continue Reading
