Oil prices turned to a gain Friday after Iran poured cold water on growing market hopes for a near-term agreement with the United States, reminding traders yet again that optimism around diplomacy and reality on the ground are not always moving in the same direction. Brent crude rose 0.78%, while U.S. benchmark WTI climbed 0.20%...Continue Reading

AI Could Unlock $500 Billion for Oil and Gas Producers by 2030 | OilPrice.com Rystad Energy Rystad Energy is an independent energy consulting services and business intelligence provider offering global databases, strategic advisory and research products for energy companies and suppliers,… More Info Premium Content By Rystad Energy – May 22, 2026, 1:00 PM CDT...Continue Reading

The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 558,  down just 8 from this same time last year. The number of active oil rigs rose by...Continue Reading

Kazakhstan Court Upholds $1.4 Billion Award Against Gazprom | OilPrice.com Eurasianet Eurasianet is an independent news organization that covers news from and about the South Caucasus and Central Asia, providing on-the-ground reporting and critical perspectives on… More Info Premium Content By Eurasianet – May 22, 2026, 11:00 AM CDT Kazakhstan’s AIFC court recognized and enforced...Continue Reading

Ukraine Hits 300,000-Bpd Gazprom Neft Refinery in Overnight Drone Strike | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – May 22, 2026, 10:30 AM CDT Ukraine targeted overnight the Yaroslavl oil refinery in Russia, escalating the drone attacks on Russian refining and oil exporting assets, Ukrainian...Continue Reading

Oil Markets Ignore Red Flags as Global Energy Crisis Deepens | OilPrice.com Tom Kool Tom majored in International Business at Amsterdam’s Higher School of Economics and later completed an Executive MBA in Energy Transition at the University of Groningen.… More Info Premium Content By Tom Kool – May 22, 2026, 10:24 AM CDT Global oil...Continue Reading

EU Warns Energy Prices Will Stay Elevated Through 2027 | 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 – May 22, 2026, 9:41 AM CDT Updated: May 22, 2026, 11:30 AM CDT Top...Continue Reading

Pakistan Looks to Host Crude Reserve Sites of Gulf Oil Producers | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – May 22, 2026, 9:30 AM CDT Pakistan is encouraging oil producers from the Persian Gulf to set up crude reserve buffers at a planned Energy City...Continue Reading

Iran Is Tightening Its Grip on the 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 – May 22, 2026, 9:00 AM CDT Iran says...Continue Reading

TotalEnergies Eyes $100M+ Stake Sales in European Solar and Wind Portfolio | 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 – May 22, 2026, 8:30 AM CDT TotalEnergies...Continue Reading