Oil & Gas 2 March 2026 - 26 March 2026

Dow Enters Correction as Iran War Sends Oil Above $110 and Drags Wall Street to Six-Month Lows
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Dow Enters Correction as Iran War Sends Oil Above $110 and Drags Wall Street to Six-Month Lows

U.S. stocks closed at six-month lows Friday, with the Dow and Nasdaq both entering correction territory as investors braced for a prolonged Iran war. The S&P 500 fell 1.7%, the Nasdaq dropped 2.1%, and the Dow slid 1.75%. Oil prices surged, with Brent crude up 53% since late February. Consumer sentiment dropped to 53.3 in March, while inflation expectations and gasoline prices climbed.
March 27, 2026
ASX Set to Fall as Oil Tops $105, Wall Street Slides on Fading Iran Ceasefire Hopes
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ASX Set to Fall as Oil Tops $105, Wall Street Slides on Fading Iran Ceasefire Hopes

ASX 200 futures fell 0.7% to 8,501 ahead of Friday’s open after Brent crude topped $105 a barrel and global equities dropped as hopes for a swift Iran ceasefire faded. Wall Street saw sharp declines, with the Nasdaq down over 10% from its October high. The Strait of Hormuz remains closed, fueling oil supply concerns. Traders have now fully priced out a U.S. Federal Reserve rate cut this year.
March 26, 2026
BP PLC Share Price Today: Stock Edges Up as Ceasefire Hopes Hit Oil
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BP PLC Share Price Today: Stock Edges Up as Ceasefire Hopes Hit Oil

BP shares rose 0.5% to 560.12 pence in London Wednesday, tracking oil prices that fell after reports of a U.S. ceasefire proposal to Iran. Brent crude dropped 4% to $100.32 a barrel, while BP’s stock remained below last week’s 52-week high. BP halted share buybacks in February and sold its Gelsenkirchen refinery last week. Analysts warned oil prices could rebound if ceasefire talks stall.
March 25, 2026
BP Stock Price Rebounds Above 546p as Oil Tops $100 Again, Iran Risk Lingers
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BP Stock Price Rebounds Above 546p as Oil Tops $100 Again, Iran Risk Lingers

BP shares rose 1.5% to 546 pence in London Tuesday as Brent crude rebounded above $100 a barrel after Iran denied U.S. talks to end the Gulf war. The company, which produced 22% of its 2025 output in the Middle East, faces added risks from a U.S. refinery labor dispute and a recent halt to its $750 million quarterly buyback. The FTSE 100 slipped 0.1% while UK energy stocks gained 0.8%.
March 24, 2026
Shell Plc Stock Price Slips After Qatar Repair Warning as Oil Rally Keeps Shares Near Highs
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Shell Plc Stock Price Slips After Qatar Repair Warning as Oil Rally Keeps Shares Near Highs

Shell shares closed down 0.78% at 3,434 pence after the company said repairs at its Pearl plant in Qatar would take about a year following damage from the Ras Laffan attack. QatarEnergy’s CEO reported Iranian strikes knocked out 17% of the country’s LNG export capacity, forcing force majeure on some contracts. Brent crude settled at $112.19 a barrel, its highest since July 2022.
March 21, 2026
Suriname widens Guyana-Suriname basin oil hunt as new seismic plans target the “next Golden Lane”
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Suriname widens Guyana-Suriname basin oil hunt as new seismic plans target the “next Golden Lane”

Suriname will launch a 15-month, 45,000 sq km offshore 3D seismic survey to expand oil exploration beyond its initial deepwater finds, targeting frontier blocks with limited subsurface data. Staatsolie’s open-door acreage now covers about 60% of the offshore area, while PETRONAS, Chevron, QatarEnergy, and Paradise Oil signed new contracts for shallow-water blocks last November. Guyana is advancing a similar seismic program near the Suriname border.
March 18, 2026
BP Stock Price Climbs as Oil Reclaims $100, Putting Buyback Pause Back in Focus
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BP Stock Price Climbs as Oil Reclaims $100, Putting Buyback Pause Back in Focus

BP shares climbed over 1% in London as Brent crude topped $100 a barrel after renewed Iranian attacks on the UAE disrupted oil flows. BP paused its $750 million buyback last month to focus on debt and oil investments, leaving it more exposed to price swings. BP’s Angola joint venture began gas production at the Quiluma field. Brent crude fell sharply Monday after some ships passed through Hormuz and the IEA discussed emergency stock releases.
March 17, 2026
Santos Limited greenlights $357 million Moomba Central Optimisation project to cut costs, extend Cooper Basin gas output
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Santos Limited greenlights $357 million Moomba Central Optimisation project to cut costs, extend Cooper Basin gas output

Santos Limited and Beach Energy approved a $357 million investment to overhaul the Moomba gas hub in South Australia’s Cooper Basin, replacing seven compressor stations with a single electric-driven facility. Santos expects over $600 million in savings and a 40,000-tonne annual cut in Scope 1 emissions. The project’s economics partly depend on finalising a gas supply deal with South Australia. Completion is targeted in three years.
March 11, 2026
Sable Offshore Corp shares jump as Trump weighs emergency powers for stalled California oil restart
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Sable Offshore Corp shares jump as Trump weighs emergency powers for stalled California oil restart

The Trump administration may invoke emergency powers to help Sable Offshore Corp bypass California permitting delays, Interior Secretary Doug Burgum said Thursday. Sable’s oil remains stored at Las Flores Canyon, blocked by a court injunction and lacking pipeline or tanker access. Shares jumped 37.3% after the news. No Defense Production Act order has been issued, and legal challenges continue.
March 6, 2026
Standard Chartered raises 2026 Brent forecast as Hormuz shock keeps oil above $80
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Standard Chartered raises 2026 Brent forecast as Hormuz shock keeps oil above $80

Standard Chartered raised its 2026 Brent crude forecast to $70 a barrel, citing risks from Middle East conflict and disrupted shipping. Brent traded at $83.84 early Thursday as trade through the Strait of Hormuz remained halted and Iraq cut output by 1.5 million barrels a day. War-risk insurance costs have surged five-fold. Goldman Sachs and UBS also lifted oil price forecasts, warning prices could top $100 if disruptions persist.
March 5, 2026
Heating oil price jumps above $3.25 as Hormuz disruption keeps fuel traders on edge
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Heating oil price jumps above $3.25 as Hormuz disruption keeps fuel traders on edge

NYMEX April ULSD futures rose 2.2% to $3.2584 a gallon Wednesday as Middle East tensions stalled shipping through the Strait of Hormuz for a fifth day. U.S. distillate inventories increased by 0.4 million barrels last week but remain 3% below the five-year average, according to the EIA. Traders are watching Gulf shipping, Friday’s U.S. jobs report, and next week’s EIA update.
March 4, 2026
Shell stock price slips as Iran conflict pushes oil higher; buyback and LNG legal loss in focus
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Shell stock price slips as Iran conflict pushes oil higher; buyback and LNG legal loss in focus

Shell’s U.S. shares fell 2.2% to $82.33 Tuesday despite oil prices rising on escalating conflict involving the U.S., Israel, and Iran. The company announced new share buybacks and lost a New York court challenge in an LNG dispute with Venture Global. Brent crude rose 3.3% early Wednesday to $84.07 a barrel. The Dow dropped 0.8% as energy prices fueled inflation concerns.
March 4, 2026
Chevron stock slips after hours despite oil spike — what CVX investors are watching next
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Chevron stock slips after hours despite oil spike — what CVX investors are watching next

Chevron shares fell 0.4% to $188.77 in after-hours trading after Israel ordered the temporary shutdown of the Leviathan gas field. Oil prices surged, with Brent settling at $81.40 a barrel, the highest since January 2025. Citi raised its Chevron price target to $210, citing valuation support. Chevron options volume spiked, with heavy activity in upside calls.
March 4, 2026
Heating oil price today: ULSD futures jump 13% above $3 as Hormuz disruption squeezes diesel
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Heating oil price today: ULSD futures jump 13% above $3 as Hormuz disruption squeezes diesel

NY Harbor ULSD futures jumped 13.45% to $3.29 a gallon Tuesday as Middle East shipping disruptions tightened distillate supplies. Brent crude rose 7.8% to $83.81 a barrel, and U.S. diesel futures topped $3 for the first time since November. Tanker traffic slowed in the Strait of Hormuz after attacks on ships. President Trump was set to review U.S. policy options to address rising energy prices.
March 3, 2026
Exxon Mobil stock price slips even as oil hits 19-month high on Hormuz threat
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Exxon Mobil stock price slips even as oil hits 19-month high on Hormuz threat

Exxon Mobil shares fell 1.1% to $152.50 Tuesday despite Brent crude surging 7% on supply fears from the U.S.-Israeli conflict with Iran and attacks on Gulf energy sites. Qatar halted LNG output after drone strikes, impacting 20% of global supply. Wall Street indexes dropped over 2%. Exxon declined to comment on its Middle East operations, which account for about 20% of its output.
March 3, 2026
Strait of Hormuz shock: Oil and shipping costs surge as Iran warns ships could be set ablaze
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Strait of Hormuz shock: Oil and shipping costs surge as Iran warns ships could be set ablaze

Oil and gas prices surged as the Strait of Hormuz stayed closed for a fourth day following Iranian attacks, stranding tankers and driving freight rates to records. Marine insurers canceled war-risk cover, and Qatar halted LNG output after drone strikes, tightening global supplies. India and China sought alternatives as container lines suspended Middle East bookings. Brent crude jumped 7.8% to $83.79 a barrel.
March 3, 2026
BP share price rises as Brent jumps above $80; traders watch Hormuz risk and OPEC+ next
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BP share price rises as Brent jumps above $80; traders watch Hormuz risk and OPEC+ next

BP shares rose 1.1% to 493.1 pence in early London trading Tuesday, following a 2.1% gain Monday as Brent crude climbed above $80 a barrel amid supply fears linked to the U.S.-Israeli conflict with Iran. OPEC+ agreed to a modest output increase, but analysts say Gulf shipping risks outweigh supply changes. BP paused its $750 million buyback in February after $4 billion in charges on renewables and biogas assets.
March 3, 2026
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