Oil & Gas Industry News

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.

'At the time of the incident, there were 115 personnel onboard the rig', Borr Drilling revealed.

Oil retreated from a six-month high as senior officials from several countries flew to Tehran.

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

Indian refiners are increasingly turning to Persian Gulf crude and pulling back from their mainstay supplier Russia.

Britain is expected to rely even more heavily on natural gas imports this winter.

Oil prices climbed as escalating attacks on Saudi Arabia heightened fears of Middle East supply disruptions.

The physical prices of some Middle East crudes sold outside the Persian Gulf have dropped.