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Oil prices closed higher after the US warned ships to avoid Iranian waters near the Strait of Hormuz.
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'Although we get this sort of weather every two or three years or so, it can be quite uncomfortable', OEUK Health and Safety Manager Graham Skinner said.
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The world's largest independent oil trader Vitol Group said oil demand will take longer to peak than it previously estimated.
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Russia's crude output declined for a second straight month in January.
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North America added one rig week on week, according to Baker Hughes' latest North America rotary rig count.
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ADNOC Gas plc announced a 'record' net income of $5.2 billion for 2025.
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Indian Oil Corp. and Hindustan Petroleum Corp. jointly bought a cargo of Venezuelan crude.
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U.S. natural gas dropped for a second session on the outlook for warmer temperatures across large parts of the country.
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The world's largest oilfield-service providers are looking to production increases in the Middle East to help offset a slowdown in U.S. shale.
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Phillips 66 will lay off around half of its employees at its sole remaining oil refinery in California after shuttering operations.
