Occidental Reports Lower Realized Oil Prices Even as Iran Conflict Drives Up Crude Rates

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(Reuters) – Shale producer Occidental Petroleum said on Friday its worldwide average realized oil prices fell about 1.6% year-on-year in the first quarter, despite higher benchmark crude rates amid Middle East-related energy market disruption. The U.S.-Israel war on Iran has caused a massive disruption of energy supplies as the Strait of Hormuz, a conduit for …

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Vance Warns Iran Not to “Play Us” as He Leaves for Talks

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(Reuters) – Vice President JD Vance said on Friday he was looking forward to having positive negotiations with Iran as he left for talks in Pakistan with a warning to Tehran not to “play us.” “We’re looking forward to the negotiation. I think it’s going to be positive,” Vance told reporters before leaving Washington. “As …

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Iran-Linked Ships Drive Traffic Through Strait of Hormuz– Ship Tracking Data Shows

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(Reuters) – The majority of ships that have sailed through the Strait of Hormuz in the past day were linked to Iran, ship tracking data showed on Friday, with other vessels putting off making voyages despite a two-week ceasefire agreed this week between Tehran and Washington, according to data and shipping sources. Three tankers – …

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Trump Warns Iran on Hormuz Tolls as Energy Crunch Prompts Japan to Release More Oil

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(Reuters) – U.S. President Donald Trump warned Tehran not to charge tolls on ships crossing the Strait of Hormuz, as a mounting global energy crisis prompted Japan on Friday to announce a further emergency oil release. The Iran war has damaged Gulf energy production, stranded tanker traffic, and boosted oil prices by about 50% in …

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Iran War Erodes Exxon, Chevron Profits Even as Oil Prices Soar

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By Kevin Crowley The surge in oil and natural gas prices from the Iran war might seem like good news for the world’s biggest energy companies, but disruptions to production in the region, shipping blockades and hedging losses make the reality far more complicated. Exxon Mobil Corp. and Chevron Corp. lost about 6% of their …

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Ovintiv Announces Closing of Anadarko Asset Sale

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DENVER, April 9, 2026 /PRNewswire/ – Ovintiv Inc. (NYSE: OVV) (TSX: OVV) (“Ovintiv” or the “Company”) today closed the previously announced all cash sale of its Anadarko assets, located in Oklahoma, for $3.0 billion. After customary closing adjustments, proceeds from the sale are expected to total approximately $2.85 billion. “The Anadarko sale completes the transformation of our …

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PREPARING TO LOAD: Middle East Producers Prepare For Oil Export Resumption via Hormuz

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(Reuters) – Producers in the Middle East have asked Asian refiners to submit crude oil loading programmes for April and May in preparation for the eventual resumption of ​shipping through the Strait of Hormuz, three sources with knowledge of the matter said. A two-week ‌ceasefire deal between the U.S. and Iran announced on Wednesday lifted hopes for …

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EQT, Glencore Commit to Buy More LNG from Commonwealth, Filing Shows

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Summary Commonwealth secures enough LNG sales to begin project financing process Glencore’s total LNG offtake rises to 3 mtpa, EQT’s to 2 mtpa, filing shows EQT’s new ​contract replaces JERA’s terminated volumes HOUSTON, April 9 (Reuters) – EQT Corp  ‌and Glencore  have each agreed to buy an additional 1 million metric tons per annum of liquefied natural …

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Trump Says Iran Should not Charge Fees to Tankers Going Through Strait of Hormuz

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President Donald Trump said on Thursday Iran should not charge fees to tankers going through the Strait of Hormuz, which has been blockaded since the start of the Iran war, causing the worst disruption to global energy supplies in history. “There are reports that Iran is charging fees to tankers going through the Hormuz Strait,” …

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Attacks Cut Saudi Oil Output and East-West Pipeline Flow, State News Agency Says

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Attacks on Saudi energy facilities have cut the kingdom’s oil production capacity by around 600,000 barrels per day and the throughput on its East-West pipeline by about 700,000 bpd, Saudi state news agency SPA reported on Thursday, citing an official source at the energy ministry. The attacks, including previous strikes on some facilities, also disrupted …

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