Oil Industry 11 February 2026 - 16 March 2026

Santos Stock Price Today: Why ASX STO Held Firm as Oil Hit $103 and Rates Rose
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Santos Stock Price Today: Why ASX STO Held Firm as Oil Hit $103 and Rates Rose

Santos shares rose to A$7.71 on March 17 as Brent crude hit $103.42 after Iranian attacks on the UAE raised supply fears. The company expects a 25–30% production boost by 2027 from Barossa and Pikka projects, despite a 25% drop in 2025 profit and plans to cut 10% of staff. Australia’s central bank raised rates to 4.1% citing energy-driven inflation risks. Santos loaded its first Barossa cargo from Darwin LNG.
March 18, 2026
Transocean Stock Price Today: RIG Climbs as Oil Rally Puts Valaris Deal Back in Focus
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Transocean Stock Price Today: RIG Climbs as Oil Rally Puts Valaris Deal Back in Focus

Transocean shares rose 2.1% to $6.29 by midday Wednesday as oil prices surged nearly 4% following new attacks on ships in the Strait of Hormuz. The company is pursuing a $5.8 billion all-stock merger with Valaris, aiming to cut debt and expand to 73 rigs. Transocean reported 2025 revenue of $3.965 billion and reduced debt by $1.258 billion. The Valaris deal still requires regulatory and shareholder approval.
March 11, 2026
Last Week on Saudi Exchange: TASI claws back to weekly gain as oil rally steadies Saudi stocks
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Last Week on Saudi Exchange: TASI claws back to weekly gain as oil rally steadies Saudi stocks

Saudi Arabia’s Tadawul All Share Index closed Thursday at 10,776.32, up 83.63 points for the day and 0.6% on the week, outperforming Gulf peers as regional tensions lifted oil prices. Trading totaled 5.23 billion riyals with 194 gainers and 62 losers. Al Rajhi Bank rose 1.76%, while Al Moammar Information Systems surged 9.95% on a data-centre deal. TASI remains below its 52-week high but is up 2.72% year-to-date.
March 7, 2026
Slovakia taps emergency oil reserves as Druzhba shutdown shifts pressure to Croatia’s Adria pipeline
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Slovakia taps emergency oil reserves as Druzhba shutdown shifts pressure to Croatia’s Adria pipeline

Slovakia declared an oil supply emergency and authorized the release of up to 250,000 tonnes from state reserves for Slovnaft after Russian crude flows through the Druzhba pipeline were disrupted. Prime Minister Robert Fico said using Croatia’s Adria pipeline would cost over five times more. Croatia signaled limits on routing more Russian oil, citing sanctions and rising costs. EU officials said Slovakia and Hungary hold 90 days of reserves but want a repair timeline from Ukraine.
February 18, 2026