SPDR(R) S&P(R) OIL & GAS EXPLORATION & ETF News

Equinor has signed a long-term deal with engineering companies to help drive down the cost of developing two offshore oil discoveries that were previously postponed, the Norwegian energy group said on

Russia has been quietly shipping refined petroleum to North Korea at levels that appear to violate the mandates of the United Nations Security Council, a U.S. official said on Thursday, adding the U.S

Brent crude oil prices have dropped to $83.95 per barrel on Thursday, marking the lowest level in seven weeks. This decline follows recent US statistics indicating a significant increase in crude oil

The oil market has been rather negative over the last few days, and as a result we are now looking into whether or not we have buyers in a very important region.

The allegations come as Exxon Mobil struck an agreement with antitrust enforcers not to add the former Pioneer CEO to its board, allowing Exxon to close a deal to acquire Pioneer.

The sale of ExxonMobil's Nigerian petroleum assets to Seplat could be approved in less than two weeks, Nigeria's oil regulator told Reuters on Thursday.

Oil prices are under pressure from rising inventories, softening demand and higher for longer interest rates.

Oil futures rose early Thursday, attempting to bounce back a day after data showing a jump in U.S. crude inventories sparked the steepest one-day selloff since early January.

OPEC and its allies have yet to begin formal talks on extending 2.2 million barrels per day of voluntary oil output cuts beyond June, but three sources from OPEC+ producers who have reduced production

Oil rebounds from losses, buoyed by U.S. reserve plans amid steady rates and Middle East ceasefire hopes.

British oil giant Shell on Thursday reported stronger-than-expected first-quarter profit, despite a sharp downturn in natural gas prices in Europe.

With USOIL trading above its pivot point at $80, analysts eye potential upward trends against a backdrop of strategic reserve replenishments

Oil prices rose on Thursday on the prospect the U.S. may start buying crude for its petroleum reserve, after prices sank to a seven-week low on hopes for an Israel-Gaza ceasefire, doubts about U.S. in

Crude inventories increased by 7.3 million barrels, compared to analyst consensus of -2.3 million barrels.

Commercial crude oil stockpiles rose by 7.3 million barrels last week, after analysts had predicted a 1.5 million barrel decrease.