Oil

Ring Energy, Inc. conducted its first quarter 2026 earnings conference call on May 7. The virtual event featured company executives providing an overview of operations and financial results.

May 08, 2026 Reported by AI

U.S. military forces struck two Iranian oil tankers Friday in the Strait of Hormuz after exchanging fire with Iranian forces overnight. The attacks came amid efforts to enforce a blockade and followed reported Iranian missile and drone strikes on the United Arab Emirates.

Following TotalEnergies CEO Patrick Pouyanné's stark warning of impending energy shortages, other French business leaders like LVMH's Bernard Arnault and Saint-Gobain's Benoit Bazin express growing alarm over the economic fallout from two months of US-Iran conflict and the Strait of Hormuz blockade. President Macron seeks to reassure, but concerns mount.

April 26, 2026 Reported by AI

Energy and Petroleum Cabinet Secretary Opiyo Wandayi led the groundbreaking for the South Lokichar Oil Project in Turkana County. He assured that the first crude oil shipment will leave Mombasa before year-end. Local leaders and residents demanded greater transparency in the project's implementation.

The US dollar closed higher against the Colombian peso at $3,576.10, up $2.80 from the TRM of $3,573.30. The rise followed a new government repurchase of global bonds, the third in the past year. Meanwhile, crude oil prices fell amid expectations of US-Iran peace talks.

April 21, 2026 Reported by AI

Sen. Imee Marcos criticized her brother's administration for delaying fuel price limits as global oil prices decline amid easing Middle East tensions. She said the Department of Energy appeared to have only recently discovered its legal powers. Senate President Pro Tempore Panfilo Lacson, meanwhile, backed the DOE's move.