Tuesday, February 3, 2026
Iranian gunboats confront U.S.-flagged oil tanker in Strait of Hormuz- oil and gas 360

Iranian gunboats confront U.S.-flagged oil tanker in Strait of Hormuz

(Oil Price) – Iranian gunboats made a pointed move in the Strait of Hormuz this week, approaching a U.S.-flagged oil tanker in what U.S. and British maritime security sources describe as a failed attempt to interfere with the vessel’s transit. No shots were fired, the tanker continued on its way, and no damage was reported—but the message was unmistakable. The incident

Oil prices rebound about 1% after U.S.-India trade deal; eyes on U.S.-Iran talks - oil and gas 360

Oil prices rebound about 1% after U.S.-India trade deal; eyes on U.S.-Iran talks

(Investing) – Oil prices steadied Tuesday after logging steep losses in the prior session as traders digested a trade deal between India and the U.S. as well as cooling tensions between the U.S. and Iran. At 11:27 ET (16:27 GMT), Brent oil futures for April rose 1% to $66.94 a barrel and West Texas Intermediate crude futures rose 1.1% to $62.84 a barrel. Both benchmarks

SLB secures multi-year contracts to support PDO operations in Oman- oil and gas 360

SLB secures multi-year contracts to support PDO operations in Oman

(World Oil) – SLB has been awarded two five-year contracts by Petroleum Development Oman (PDO) to supply wellheads and artificial lift systems for operations in Block 6, Oman’s largest oil and gas concession. Under the agreements, SLB will provide low- and high-pressure wellheads, thermal wellhead systems, and artificial lift technologies, including electric submersible pumps (ESPs) and progressive cavity pumps (PCPs). The equipment will support

US targets Iran’s ’shadow fleet’ over crackdown on protesters- oil and gas 360

US targets Iran’s ’shadow fleet’ over crackdown on protesters

(Investing) – WASHINGTON – The United States on Friday imposed sanctions on nine vessels of what is known as the shadow fleet and eight related firms, the U.S. Treasury Department said in a statement, as Washington sought to escalate pressure on Iran over the recent killing of protesters. The Treasury said the vessels and their respective owners or management firms, which

Oil prices rise 1% as supply risks remain in focus- oil and gas 360

Oil prices rise 1% as supply risks remain in focus

(Investing) – LONDON – Oil prices rose over 1% on Friday as supply risks remained in focus despite the receding likelihood of a U.S. military strike against Iran. Brent crude was up 84 cents, or 1.3%, to $64.60 a barrel at 1413 GMT, on course for a fourth consecutive weekly gain. U.S. West Texas Intermediate was up 80 cents, or 1.4%, to

Dozens of ships anchor outside Iran’s ports as US tensions rise- oil and gas 360

Dozens of ships anchor outside Iran’s ports as US tensions rise

(Investing) – LONDON – Dozens of commercial ships have dropped anchor at a distance outside Iran’s port limits in recent days, according to data and shipping sources, as tensions with the United States grow. Such movements were precautionary given the tensions amid ongoing protests in Iran, the shipping sources said. Port limits are significant because they run a higher risk of

Oil prices add to previous gains on Iran supply disruption concerns- oil and gas 360

Oil prices add to previous gains on Iran supply disruption concerns

(Investing) – Oil prices rose further Tuesday, gaining for a fourth consecutive session on elevated supply disruption risks following significant anti-government protests in Iran. At 08:05 ET (13:05 GMT), Brent Oil Futures expiring in March rose 2% to $65.15 per barrel, and West Texas Intermediate (WTI) crude futures gained 2.4% to $60.75 per barrel. Brent contract reached over a seven-week high

Oil prices rise as protests in Iran escalate- oil and gas 360

Oil prices rise as protests in Iran escalate

(Oil Price) – Oil prices rose early on Friday as protests in Iran continued to escalate, unnerving market participants that one of the biggest oil producers in the Middle East could see supply threatened. Both the WTI and Brent benchmarks traded about 0.7% higher as of 8:05 a.m. ET, as the market assessed potential risks to supply from the ongoing unrest

Four geopolitical flashpoints energy markets cannot ignore in 2026- oil and gas 360

Four geopolitical flashpoints energy markets cannot ignore in 2026

(Oil Price) – As 2026 begins, energy markets are reacting less to supply outages than to how governments are choosing to act. The removal of Venezuela’s president, instability along the Red Sea, and rising uncertainty around Iran have altered assumptions about restraint, escalation, and control. This piece examines four locations where those changes are already influencing energy risk. Venezuela: Decapitation Without

Saudi Arabia set to lower oil prices to Asia again- oil and gas 360

Saudi Arabia set to lower oil prices to Asia again

(Oil Price)– Saudi Arabia is expected to further lower the price of its crude oil bound for Asia in February, as global supply remains plentiful and spot benchmarks in the Middle East have dropped, a Reuters survey of six Asian refining sources showed on Monday. Saudi Arabia, the biggest crude exporter in the world, is poised to reduce the price of

Oil prices rise as US pursues third Venezuelan oil tanker- oil and gas 360

Oil prices rise as US pursues third Venezuelan oil tanker

(Investing)– Oil prices rose in early European trade on Monday after reports said the U.S. was pursuing a third Venezuelan oil tanker after seizing another tanker over the weekend. A potential resurgence in tensions between Israel and Iran also provided some risk premium, after reports said Israel was planning to brief the U.S. over attacking Iran, amid concerns over Tehran’s

Oil falls 2% as Iraqi oilfield production restored, Ukraine talks continue- oil and gas 360

Oil falls 2% as Iraqi oilfield production restored, Ukraine talks continue

(Investing) – HOUSTON – Oil prices slipped 2% on Monday after Iraq restored production at one of its oilfields which accounts for 0.5% of world oil supply, while investors weighed ongoing talks to end the war in Ukraine. Brent crude futures were down $1.26, or 1.98%, at $62.49 a barrel, while U.S. West Texas Intermediate crude was at $58.88, down $1.20, or 2%. Iraq