Oil & Gas Industry News

Oil rose as fresh Middle East strikes heightened concerns about global supply disruptions.

Venezuelans are deeply divided over the Trump administration's oil deal with the country's interim authorities.

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

Saudi Arabia halted several energy facilities in the south.

Oil prices rose for another session on Tuesday, reaching three-month highs, Paolo Broccardo, CEO at BankPro, highlighted.

Industry body Offshore Energies UK said the industry urgently needs a firm date for HM Treasury's North Sea tax plan.

Oil may rally to as much as $120 a barrel if attacks on shipping in the Middle East increase, according to Goldman Sachs Group Inc.

Venezuela's exit from the OPEC group is 'structurally likely' but not for now, Kpler Senior Commodity Analyst Homayoun Falakshahi outlined in a market update.

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

Russia's oil revenue slumped to a six-month low in August.