Oil & Gas Industry News

Mexico's government aims to reduce financial support for state-owned oil company Pemex's debt payments to $4.8 billion in 2027.

Brent reached $101 as Middle East disruptions, falling inventories and renewed Chinese buying tightened markets.

South Korea has identified a gas-fired power project in Texas as the first U.S. investment under a trade deal agreed last year, local media reported.

The number of employees in the oil and gas extraction industry rose month on month, bucking a trend, data on the U.S. Bureau of Labor Statistics website showed.

Analysts at HSBC, including Senior Global Oil and Gas Analyst Kim Fustier, revealed that they had raised their 2026 oil price forecast by $10 per barrel and their 2027 oil price forecast by $20 per barrel.

The Brent oil price rose above $100 per barrel for the first time since July.

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.