The Latest

What's Affecting Oil Prices This Week? (March 31, 2025)

For the upcoming week, Stratas Advisors predict that the price of Brent crude will move sideways and struggle amid concerns and uncertainties about the impact of the tariffs imposed by the Trump Administration.

In Inventory-Scarce Permian, Could Vitol’s VTX Fetch $3B?

With recent Permian bids eclipsing $6 million per location, Vitol could be exploring a $3 billion sale of its shale business VTX Energy Partners, analysts say.

US Drillers Cut Oil, Gas Rigs for First Time in Three Weeks

The oil and gas rig count fell by one to 592 in the week to March 28. 

Gradient: Geothermal Adds Value for Old, Existing Oil Wells

When geothermal piggybacks onto oil and gas operations, ‘the economics generally look really good,’ Gradient Geothermal CEO says.

BP Earns Approval to Redevelop Oil Fields in Northern Iraq

The agreement with Iraq’s government is for an initial phase that includes oil and gas production of more than 3 Bboe, BP stated.

Energy Trader Vitol Eyes $3B Sale of US Shale Producer, Sources Say

Global commodities trader Vitol is exploring a sale of its VTX Energy Partners business, in a deal that could value the U.S. shale oil and gas producer at as much as $3 billion, including debt, people familiar with the matter said.

DNO ‘Hot Streak’ Continues with North Sea Discovery

DNO ASA has made 10 discoveries since 2021 in the Troll-Gjøa exploration and development area.

E&P Execs Level Scathing Criticism at Trump's Drill Baby Drill 'Myth'

E&P executives pushed back at the Trump administration’s “drill, baby, drill” mantra in a new Dallas Fed survey: “’Drill, baby, drill,’ does not work with [$50/bbl] oil,” one executive said.

14 Energy Execs Send Open Letter to Canadian Government

The leaders requested the government to ease environmental regulations and encourage investments to expand the country’s energy industry.

CPP Wants to Invest Another $12.5B into Oil, Gas

The Canada Pension Plan’s CPP Investments is looking for more oil and gas stories—in addition to renewable and other energies.