Oil & Gas Industry News

The 2026 UK Budget delivered by UK Chancellor of the Exchequer John Healy on Wednesday 'missed bigger opportunities', industry body Offshore Energies UK said.

Oil rose as traders weighed whether the U.S. could resume military strikes on Iran after next week's midterms and tracked a tight Israeli election.

'Short-term pain, right, for long-term gain. You're going to see very soon', Trump said at a rally in Corpus Christi.

The Energy Institute announced that it has kicked off a new industry program 'to tackle barriers to AI adoption in energy'.

Saudi Arabia's oil exports are holding near wartime highs this month despite a wave of attacks on the kingdom's energy infrastructure, according to preliminary data from ship-tracking firms.

The deal will create America's 'leading natural gas company with a pro forma enterprise value over $50 billion', a joint statement outlined.

Energy markets remain on edge ahead of the U.S. midterm elections, Macquarie strategists said.

Oil dipped as traders weighed moves to de-escalate tensions in the Persian Gulf and awaited the outcome of consequential elections.

ADNOC announced that it has 'unlock[ed]' over AED 60 billion ($16.3 billion) in UAE manufacturing opportunities and 'transform[ed]...' how suppliers access and compete for its business.

'Is this simply the price of geopolitical risk or is something else influencing the value of oil?' analysts at J.P. Morgan asked.