Oil prices declined on Friday but remained on track for weekly gains after renewed U.S.-Iran military tensions disrupted shipping through the Strait of Hormuz, raising concerns about possible energy supply interruptions.
BP (NYSE:BP) Chief Executive Officer Meg O’Neill announced that the company is actively simplifying its operational portfolio.
Chevron Technical Center, a division of Chevron U.S.A. (NYSE:CVX) and a subsidiary of Chevron Corporation, has finalized a technology licensing agreement allowing ZL Chemicals to commercialize its proprietary advanced chemical surfactant technology.
International oil benchmarks surged over 5% on Wednesday to establish fresh two-week highs after United States President Donald Trump stated that the memorandum of understanding to halt the conflict with Iran was over.
Energy giant Shell (NYSE:SHEL) finalized a $1 billion agreement to sell its entire downstream network of 580 petrol stations across South Africa to the Abu Dhabi National Oil Company.
Oil prices rose more than 3% on Wednesday after U.S. strikes on Iran following attacks on three ships in the Strait of Hormuz increased concerns about the stability of energy supplies.
BP (NYSE:BP) announced it agreed to sell its entire 37.212% non-operated working interest in the Bay du Nord offshore oil development project to Norwegian energy operator Equinor.
Saudi Arabia and other Gulf oil producers have reduced crude prices for Asian buyers as exporters compete for market share amid weaker demand and increased supply availability.
Fluor (NYSE:FLR) said it was selected by Saudi Aramco as a Program Management Consultancy contractor under a Long-Term Agreement to support the company’s global capital projects portfolio.
Shell (NYSE:SHEL) issued an updated Q2 2026 outlook ahead of its July 30, 2026 results, covering production, margins, costs, taxation, and cash flow across its business segments.
Oil prices fell on Monday after OPEC+ agreed to increase production targets starting in August, adding pressure to a market already focused on improving global supply conditions.
Oil prices declined on Thursday for a fourth consecutive day after reports of progress in US–Iran diplomatic talks, which included discussions linked to reopening and securing the Strait of Hormuz.
