Oil & Gas Industry News

The head of ConocoPhillips said Venezuela's initial steps to attract foreign oil companies that could help revive the nation's production are falling well short.

Crude settled lower amid hopes for a Strait of Hormuz reopening.

Oil market participants are increasingly pricing crude to be capped near $100 a barrel over the next year.

What would the implications be for the oil market if Iran decided to permanently tax/toll traffic through the Strait of Hormuz?

Wood Mackenzie said its analysis indicates that Brent crude prices could approach $200 per barrel by end-2026.

Oil prices plunged after Trump signaled progress toward a possible Iran deal.

The U.S. Energy Information Administration lowered its Henry Hub spot price forecasts for 2026 and 2027 in its latest short term energy outlook.

Rigzone talks to Simon Henderson, director of the Washington Institute's Bernstein Program on Gulf and Energy Policy, and Howard Shatz, a senior economist at RAND and a professor of policy analysis at the RAND School of Public Policy.

U.S. President Donald Trump's Iran comments are directly shaping the oil ecosystem, Naeem Aslam, CIO at Zaye Capital Markets, said.

House lawmakers made public a massive transportation bill Sunday that would impose new fees on electric vehicles.