Oil & Gas Industry News

Brent settled near $96 as Middle East supply risks offset signs of an oil surplus.

The number of employees in the oil and gas extraction industry hit its lowest figure so far this year, data on the U.S. Bureau of Labor Statistics website showed.

The deal involves approximately $2.6 billion in cash contributions in 2026 from Aramco to HUMAIN, in addition to AI, compute, and digital assets.

'The oil market is showing tentative signs of rebalancing, with global oil supplies surpassing demand for the first time since the outbreak of the war in Iran'.

Oil prices rose more than 3% as Trump's comments dampened hopes for a diplomatic breakthrough with Iran.

Venezuela is sending state-owned oil equipment to the U.S. for repairs for the first time in more than a decade.

The Trump administration has unveiled plans to sell public land as part of a new strategy laying out Interior Department goals.

The U.S. Department of Energy's Office of Energy Dominance Financing announced the financial close of a $480 million loan for Arena Energy's Project Elkhorn.

The U.S. Energy Information Administration raised its 2026 and 2027 Brent oil spot price forecasts yet again in its latest short term energy outlook.

Terri-Leigh Bennett, Chief Operating Officer of CMS Prime, flagged oil's biggest threat in an analysis piece sent to Rigzone.