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Oil and gas contracts value reports increase in Q2 2025

25/08/2025

Global oil and gas contracts reported a quarter-on-quarter increase in total disclosed value, with $40.94bn in the second quarter (Q2)

US drillers cut oil and gas rigs for fourth time in five weeks – Baker Hughes

25/08/2025

U.S. energy firms this week cut the number of oil and natural gas rigs operating for the fourth time in

WTI offered lower

25/08/2025

U.S. WTI Midland crude differentials weakened on Friday after a lower offer in the Platts window.

PLATTS WINDOW

* Indications are free

W.Africa Crude-Differentials stable at end of week

25/08/2025

West African crude oil differentials were little changed on Friday as traders awaited more detail on October schedules.

* Nigeria’s October

Middle East Crude-Benchmarks fall; remain flat on weekly basis

25/08/2025

Middle East crude benchmark spot premiums of Oman, Dubai and Murban fell on Friday, as traders eyed a less demand

US EPA grants scores of backlogged biofuel waivers to small refineries

25/08/2025

The U.S. Environmental Protection Agency on Friday began clearing a backlog of requests from small oil refineries for exemptions from

Gasoline profit margins slip

25/08/2025

Northwest European gasoline profit margins fell 31 cents a barrel to $17.36 a barrel on Friday.

A total of 5,000 metric

Cracks post losses for second straight week

25/08/2025

Refining cracks for both high sulphur fuel oil (HSFO) and very low sulphur fuel oil (VLSFO) posted losses for a

Cenovus announces agreement to acquire MEG Energy

25/08/2025

Cenovus Energy Inc. announced that it has entered into a definitive arrangement agreement to acquire MEG Energy Corp. (TSX: MEG)

ConocoPhillips further expands LNG business with additional Gulf Coast offtake agreement

25/08/2025

ConocoPhillips (NYSE: COP) today announced it has signed a long-term sales and purchase agreement (SPA) to purchase 4 million tonnes

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