Crude Oil News

ExxonMobil Explores Acquisitions Including Woodside https://www.rigzone.com/news/wire/exxonmobil_explores_acquisitions_including_woodside-13-jun-2026-183916-article/?rss=true ExxonMobil has been holding early-stage discussions internally, according to people with knowledge of the matter.

Oil Drops to Four-Month Low https://www.rigzone.com/news/wire/oil_drops_to_fourmonth_low-12-jun-2026-183918-article/?rss=true Oil prices fell sharply as hopes grew for a Hormuz reopening agreement between the US and Iran.

Hope for Hormuz as Iran, US Edge Closer to Peace Deal https://www.rigzone.com/news/wire/hope_for_hormuz_as_iran_us_edge_closer_to_peace_deal-12-jun-2026-183915-article/?rss=true The U.S. and Iran moved closer to an interim peace agreement meant to reopen the Strait of Hormuz.

APA Expands Alaska Footprint with Savant Acquisition https://www.rigzone.com/news/apa_expands_alaska_footprint_with_savant_acquisition-12-jun-2026-183914-article/?rss=true 'The acquisition of Savant secures control of strategic infrastructure adjacent to our eastern North Slope acreage, enhancing our ability to execute our planned drilling program efficiently'.

Chart alert: SpaceX to the moon or to the ground? Watch 187.60 and 161.00. https://www.marketpulse.com/markets/chart-alert-spacex-to-the-moon-or-to-the-ground-watch-18760-and-16100/ SpaceX begins trading on Nasdaq in the largest IPO ever, raising US$75 billion and achieving a valuation near US$1.8 trillion. While investor demand remains exceptionally strong, technical signals from the SPCX/USDT grey market suggest caution. The pre-IPO perpetual contract remains trapped in a descending channel, highlighting the risk of further downside unless bulls reclaim the key US$187.60 resistance level. Traders are closely watching whether SpaceX becomes a major driver of Nasdaq 100 per

Asia open: Wall Street surges as Trump signals a breakthrough peace deal with Iran https://www.marketpulse.com/markets/asia-open-wall-street-surges-as-trump-signals-a-breakthrough-peace-deal-with-iran/ Global markets rallied sharply after President Trump signalled a potential breakthrough US-Iran peace deal, easing fears of a prolonged energy shock. WTI crude oil plunged 6%, driving a broad relief rally across equities, bonds, and currencies. Semiconductor stocks surged nearly 8% as investors renewed confidence in the AI infrastructure boom, while SpaceX’s record-breaking US$75 billion listing demonstrated robust liquidity and appetite for technology investments.

Aker BP Raises Stake in Norway's Johan Sverdrup https://www.rigzone.com/news/aker_bp_raises_stake_in_norways_johan_sverdrup-12-jun-2026-183913-article/?rss=true Aker BP and its partners in the Johan Sverdrup Unit on Norway's side of the North Sea completed a redetermination that entitles Aker BP to 2.2 million barrels of oil equivalent over the next 2 years due to its ownership increasing to 31.7163 percent.

Repsol Brings In Masdar as Partner in Spanish Renewables Portfolio https://www.rigzone.com/news/repsol_brings_in_masdar_as_partner_in_spanish_renewables_portfolio-12-jun-2026-183912-article/?rss=true The partnership covers assets valued around $983 million including 705 megawatts of operational capacity.

Naftogaz Wins Its First Long-Term Regasification Booking in Europe https://www.rigzone.com/news/naftogaz_wins_its_first_longterm_regasification_booking_in_europe-12-jun-2026-183911-article/?rss=true The Ukrainian state-owned company won 12-year rights to regasify at the liquefied natural gas terminal in Klaipeda, Lithuania.

Russian Oil Output at Lowest in Year amid Ukrainian Strikes https://www.rigzone.com/news/wire/russian_oil_output_at_lowest_in_year_amid_ukrainian_strikes-12-jun-2026-183910-article/?rss=true Russian producers pumped an average of 9.009 million barrels a day of crude in May, according to OPEC.

Trump Claims Iran Deal Close in Uturn https://www.rigzone.com/news/wire/trump_claims_iran_deal_close_in_uturn-12-jun-2026-183909-article/?rss=true The U.S. president pulled back threatened military strikes against Iran, a stark reversal that came just hours after he vowed to hit the Islamic Republic 'VERY HARD' and threatened to seize its oil infrastructure.

Oil prices fall on hopes of U.S.-Iran deal despite Tehran pushback https://www.cnbc.com/2026/06/12/oil-prices-wti-brent-on-hopes-of-us-iran-deal-despite-tehran-pushback.html Oil prices fell on Friday after U.S. President Donald Trump said Washington had reached a framework agreement with Iran, raising hopes that tensions in the Middle East could ease.

What energy insiders in DC are saying about oil prices and a possible Iran deal https://www.cnbc.com/2026/06/11/what-energy-insiders-in-dc-are-saying-about-oil-prices-and-a-possible-iran-deal.html Brian Sullivan shares his insight from the sidelines of the Global Energy Forum in Washington, DC.

Oil Falls to April Lows on Trump Signals https://www.rigzone.com/news/wire/oil_falls_to_april_lows_on_trump_signals-11-jun-2026-183908-article/?rss=true Oil fell sharply after Trump signaled progress toward a potential peace deal with Iran.

Greek LNG Buyer Says Long Term USA Deals Getting Harder https://www.rigzone.com/news/wire/greek_lng_buyer_says_long_term_usa_deals_getting_harder-11-jun-2026-183907-article/?rss=true The boss of Greece's Atlantic SEE LNG Trade said it's becoming more difficult to secure long-term liquefied natural gas deals with U.S. suppliers.

USA Gasoline Prices Drop for 4 Straight Weeks https://www.rigzone.com/news/usa_gasoline_prices_drop_for_4_straight_weeks-11-jun-2026-183906-article/?rss=true In a blog posted on its website on Monday, GasBuddy highlighted that U.S. gasoline prices had fallen for four straight weeks but warned that 'the streak may be in danger'.

Dangote Refinery Seeks to Raise $1B in Private Debt Sale https://www.rigzone.com/news/wire/dangote_refinery_seeks_to_raise_1b_in_private_debt_sale-11-jun-2026-183904-article/?rss=true Nigerian tycoon Aliko Dangote's refinery unit is seeking to raise as much as $1 billion through a private sale of debt, people with knowledge of the plan said.

Alberta Says It's Talking with Fortune 500 Co to Finance Pipeline https://www.rigzone.com/news/wire/alberta_says_its_talking_with_fortune_500_co_to_finance_pipeline-11-jun-2026-183903-article/?rss=true 'We've had one particular discussion with a proponent, actually a Fortune 500 company, in very general terms about financing the entire project and building the entire project', Alberta's energy minister Brian Jean said.

USA Commercial Crude Oil Stocks Down Over 7MM Barrels WoW https://www.rigzone.com/news/usa_commercial_crude_oil_stocks_down_over_7mm_barrels_wow-11-jun-2026-183902-article/?rss=true Crude oil stocks, not including the SPR, stood at 426.5 million barrels on June 5, the EIA's latest weekly petroleum status report showed.

Rystad Warns Oil May Climb Towards $150 https://www.rigzone.com/news/rystad_warns_oil_may_climb_towards_150-11-jun-2026-183901-article/?rss=true Rystad Energy estimated that if U.S.-Iran 'hostilities were to resume in earnest', oil prices could 'move towards $150 per barrel'.