Oil & Gas 11 February 2026 - 24 February 2026

Woodside Rises With Oil, but Browse Costs Keep WDS From a Clean Breakout
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Woodside Rises With Oil, but Browse Costs Keep WDS From a Clean Breakout

Woodside Energy shares closed up 0.75% at A$30.74 on Tuesday, tracking a surge in oil prices as Brent settled 3.42% higher at $107.77. Gains were limited by concerns over rising costs and approval delays for the Browse LNG project, now estimated at A$48.7 billion. Traders remain cautious amid ongoing Strait of Hormuz disruptions and uncertainty over a U.S.-Iran peace deal.
May 13, 2026
Chevron stock holds up after Iraq opens exclusive talks on giant West Qurna 2 oilfield
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Chevron stock holds up after Iraq opens exclusive talks on giant West Qurna 2 oilfield

Chevron secured a one-year exclusive negotiation period with Iraq for the West Qurna 2 oilfield after Iraq nationalized the site following U.S. sanctions on Russia’s Lukoil. Chevron shares closed up 0.53% at $184.91, little changed after hours. Oil prices remained near six-month highs, with Brent settling at $71.49 and WTI at $66.31. The agreement requires further approvals from Iraq’s cabinet and U.S. Treasury.
February 24, 2026
Gasoline prices tick up as Iran talks near; here’s what traders watch next
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Gasoline prices tick up as Iran talks near; here’s what traders watch next

U.S. RBOB gasoline futures rose 0.3% to $2.2495 a gallon Monday, while AAA reported the national average retail price at $2.938. Gasoline inventories fell by 3.2 million barrels last week but remain 3% above the five-year average, according to the EIA. Brent crude slipped to $71.39 a barrel. Traders await Wednesday’s EIA inventory report and Thursday’s U.S.-Iran talks in Geneva.
February 23, 2026
Brent crude price slips near $71 as Iran talks and Trump tariffs keep traders on edge
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Brent crude price slips near $71 as Iran talks and Trump tariffs keep traders on edge

Brent crude fell 37 cents to $71.39 a barrel Monday after hitting a six-month high, while U.S. WTI dropped 27 cents to $66.21. Traders are watching Thursday’s U.S.-Iran nuclear talks and a U.S. Supreme Court ruling that struck down parts of Trump-era tariffs. A winter storm in the U.S. Northeast pushed diesel crack spreads up 5%. Europe’s oil and gas sector index hit a record high as Brent briefly touched $72.44.
February 23, 2026
Exxon stock price jumps 3% as oil rallies and big projects hit fresh milestones
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Exxon stock price jumps 3% as oil rallies and big projects hit fresh milestones

Exxon Mobil shares rose 3.07% to $150.68, outperforming Chevron and ConocoPhillips as oil prices jumped over 4% on supply concerns. The Golden Pass LNG project neared first production, and Exxon reported Guyana’s Uaru and Whiptail oil projects are ahead of schedule. Traders await U.S. inventory data Thursday. Exxon also filed a shelf registration for potential future debt issuance.
February 19, 2026
Gasoline prices jump as oil spikes on Iran risk — RBOB futures, UGA ETF climb
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Gasoline prices jump as oil spikes on Iran risk — RBOB futures, UGA ETF climb

NYMEX RBOB gasoline futures rose about 2.5% to $1.96 a gallon Wednesday as oil prices jumped over 3% on renewed geopolitical supply risks. Brent crude climbed $2.38 to $69.80 a barrel, while U.S. WTI gained $2.39 to $64.72. Traders await U.S. inventory data from the API later Wednesday and the EIA on Thursday. AAA reported the national average for regular gasoline at $2.923 a gallon.
February 18, 2026
SLB stock price rebounds as Equinor awards OneSubsea North Sea upgrade — what to watch next
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SLB stock price rebounds as Equinor awards OneSubsea North Sea upgrade — what to watch next

SLB shares rose 2.6% to $51.14 in morning trading Wednesday after its OneSubsea joint venture won a subsea upgrade contract from Equinor for Norway’s Gullfaks field. Oilfield services stocks climbed as crude jumped nearly 3% following stalled Russia-Ukraine peace talks and renewed U.S.-Iran tensions. Investors are watching for U.S. inventory data and SLB’s conference appearances for further direction.
February 18, 2026
Oil prices slide on U.S.-Iran talk progress; Brent hits two-week low before inventory data
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Oil prices slide on U.S.-Iran talk progress; Brent hits two-week low before inventory data

Brent crude fell 2.1% to $67.24 a barrel Tuesday after Iran signaled progress in nuclear talks with the U.S. The Strait of Hormuz saw temporary closures for Iranian military drills, while a drone attack caused a fire at Russia’s Ilsky refinery. Oil from Kazakhstan’s Tengiz field is gradually returning after an outage. Many Asian markets were closed for Lunar New Year, limiting early trading activity.
February 17, 2026
Exxon stock slides in Tuesday trade as oil dips on U.S.-Iran talks; Australia fine adds wrinkle
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Exxon stock slides in Tuesday trade as oil dips on U.S.-Iran talks; Australia fine adds wrinkle

Exxon Mobil shares fell 1.5% to $146.27 Tuesday, tracking declines across U.S. oil majors as crude prices slipped. Brent crude dropped 1.4% to $67.71 a barrel after Iran signaled progress in nuclear talks with the U.S. An Australian court fined Mobil Oil Australia A$16 million for misleading fuel claims. Exxon will appear at the Morgan Stanley Energy & Power Conference on March 3.
February 17, 2026
Exxon (XOM) stock slides as court fight and oil signals set up a holiday-shortened week
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Exxon (XOM) stock slides as court fight and oil signals set up a holiday-shortened week

Exxon Mobil shares closed at $148.45, down 1.0% Friday, as a U.S. judge allowed its defamation suit against California’s attorney general over plastics recycling claims to proceed. Three contract workers suffered burns at Exxon’s Beaumont, Texas facility. Oil prices steadied but posted weekly losses. U.S. markets will remain closed through Monday for Washington’s Birthday.
February 14, 2026
Transocean (RIG) stock price nudges up premarket after $184 million Norway backlog update
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Transocean (RIG) stock price nudges up premarket after $184 million Norway backlog update

Transocean shares rose 0.6% to $6.03 premarket after announcing new Norway contracts adding about $184 million in firm backlog. The company disclosed a seven-well extension for Transocean Encourage and two options for Transocean Enabler, extending commitments into 2027. Investors await Feb. 19 earnings and updates on the $5.8 billion Valaris acquisition.
February 13, 2026
Chevron stock slips as oil drops; Venezuela block report and Libya entry come into focus
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Chevron stock slips as oil drops; Venezuela block report and Libya entry come into focus

Chevron shares fell 1.4% to $183.25 as oil prices dropped sharply after the IEA flagged weaker demand and rising supply. Exxon Mobil and BP U.S. shares also declined, tracking crude. Chevron was named winning bidder for Libya’s Sirte S4 exploration license, pending a production-sharing agreement. Venezuela may grant Chevron and Repsol new oil blocks this week, according to Bloomberg sources.
February 12, 2026
Oil jumps toward $70 as U.S.-Iran tensions outweigh surprise crude stock build
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Oil jumps toward $70 as U.S.-Iran tensions outweigh surprise crude stock build

Brent crude rose 1.77% to $70.02 a barrel and U.S. WTI climbed 1.89% to $65.17 on Wednesday, lifted by U.S.-Iran tensions despite an 8.5 million barrel surge in U.S. crude inventories. President Trump said he may send a second carrier to the Middle East as talks with Iran continue. OPEC projected lower demand for its crude in the second quarter. Traders await the IEA’s update Thursday and U.S. inflation data Friday.
February 11, 2026
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