The attacks come a week after the US dispatched a carrier task force to the Gulf to help impose a crackdown on Iranian oil exports. Saudi Arabia has angered Iran by offering to make good any shortfall in supplies to the Islamic Republic’s traditional clients.
WTI futures were up 84 cents a barrel or 1.3% at $62.49, while the international Brentblend was up $1.16, or 1.7% at $71.80.
The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More
ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More
BP-Eni joint venture Azule Energy has entered a strategic farm-in agreement with Rhino Resources in Namibia's offshore Orange Basin, the… Read More
Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More
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