Oil & Gas Industry News

EIR director Andy McConn said 'Vaca Muerta's growth potential and low-cost competitiveness are a rare combination in today's upstream market'.

Analysts at BMI revealed that their base case still assumes a preliminary agreement to reopen the Strait of Hormuz by the end of the third quarter.

WTI settled above $91 as fresh Iran strikes offset signals of easing market tightness.

RRC Commissioner Wayne Christian hailed an 'oil theft bust' stemming from a multistate investigation as a 'victory for Texas oil and gas'.

Refiners in India and China, the world's two biggest oil importers, are stepping up spot purchases of Middle Eastern crude.

Chevron Corporation announced that its joint ventures in Venezuela plan to invest more than $7 billion over the next five years.

Art Hogan, Chief Market Strategist at B. Riley Wealth, projected that the Brent crude oil price could hit $100 in the next week.

Oil held near a five-week high as renewed US-Iran fighting raised fresh concerns over Strait of Hormuz exports.

'The challenge is where to concentrate, how to scale, and how to share value when efficiency reduces the activity that many contracts reward', McKinsey representatives said.

'The deal could materially reshape Venezuela's long-term production trajectory', Rystad said.