Oil & Gas Industry News

North America added seven rigs week on week, according to Baker Hughes' latest North America rotary rig count.

'Until Hormuz fully re-opens and confidence returns, the crude reality is that pressure at both ends of the barrel will intensify', Aramco Chief Executive Amin Nasser said.

A statement posted on OPEC's website revealed Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman's production plan for next month.

The transits are a lifeline to gulf energy producers and a boon to shipowners and commodity traders who stand to reap billions of dollars from the trade.

Diesel and oil prices fell as G7 nations moved to release emergency supplies.

Commercial crude oil stocks, not including the SPR, came in at 427.320 million barrels on September 25, the EIA's latest weekly petroleum status report showed.

Volatility, instability, uncertainty - these were some of the words used in a comment section of the third quarter Dallas Fed Energy Survey, outlining a theme among respondents.

Analysts at BMI, a unit of Fitch Solutions, noted that oil prices have 'come under pressure' heading into the fourth quarter.

Oil surged above $100 as renewed US-Iran tensions heightened concerns about Middle East supply disruptions.

Senators Mike Lee, Shelley Moore Capito, Martin Heinrich, and Sheldon Whitehouse have released the Bipartisan American Affordability and Jobs Act.