Oil & Gas Industry News

Brent crude climbed to its highest level since early June as mounting threats to key oil shipping routes raised supply concerns.

North America went back to adding rigs week on week, according to Baker Hughes' latest North America rotary rig count.

Rystad Energy warned that 2.5 million barrels per day of Saudi oil is at risk as the Houthis 'threaten to enact [a] naval blockade'.

'Energy policy cannot be made in Westminster alone', OEUK said.

Oil settled higher as escalating Middle East tensions fueled supply concerns despite diplomatic efforts.

The U.S. Energy Information Administration edged up its U.S. total energy consumption projections for 2026 and 2027 in its latest short term energy outlook.

The Houthis, an Iran-backed Yemeni group, vowed to impose a maritime blockade on Saudi Arabia.

'Continued attacks or tighter passage through the Strait of Hormuz could keep Brent supported above $90 and increase the risk of a move toward $100 per barrel', Naeem Aslam, CIO at Zaye Capital Markets, warned.

Amundi wants the EU to free asset managers to add oil and gas exposures to a new fund category intended to support the transition to a lower-carbon economy.

Companies including Obsidian Energy Ltd. and Yangarra Resources Corp. are breathing new life into a long-dormant gas reservoir - except now they're drilling for oil.