Oil & Gas Industry News

OPEC kept forecasts for global oil supplies and demand in 2026 steady.

Thin holiday trading and rising bearish bets pushed crude toward the bottom of its recent range.

'Yesterday's 177 billion cubic foot withdrawal did little to stop the massive sell-off in natural gas', EBW Analytics Group Energy Analyst Eli Rubin said.

A shortage of oil tankers is becoming so acute that newly built vessels, which usually carry refined fuels on their maiden voyages, are instead racing empty to pick up crude as soon as possible.

In its latest STEO, the EIA increased its Brent price forecast for 2025 and 2026 but still projected that the commodity will drop next year compared to 2025.

WTI and Brent fall as bearish fundamentals eclipse geopolitical headlines.

Ukraine attacked Lukoil PJSC's Filanovsky oil field in the Caspian Sea, according to a person familiar the matter.

'The strong bidding we saw today reflects sustained industry confidence in the long-term potential of the U.S. outer continental shelf'.

'Gas prices continued to decline in most states last week', GasBuddy Head of Petroleum Analysis Patrick De Haan said.

The International Energy Agency trimmed estimates for a global oil supply surplus this year and next for the first time in several months.