Oil & Gas Industry News

Jorge Leon, Head of Geopolitical Analysis at Rystad, noted that tanker traffic through the Strait of Hormuz had 'essentially stopped'.

Oil prices surged to two-week highs after renewed U.S. strikes on Iran and threats to disrupt shipping through the Strait of Hormuz.

The targeting of a Qatari tanker near the Strait of Hormuz has imperiled the Gulf state's role as one of the primary mediators.

How would the World Cup's remaining countries get on if they were only judged on their energy supply figures?

'The conditions that kept Henry Hub between $2 to $4 per MMBtu for the best part of a decade are no longer all operating at full force', said Kristy Kramer, Head of LNG Strategy and Market Development at Wood Mackenzie.

'To me, I think it's over', Trump said during a press meeting in Ankara.

Federal Reserve Bank of New York President John Williams said he expects falling energy prices to drive a drop in overall inflation over the next few months.

The US revoked a waiver allowing Iranian oil sales following shipping attacks that threatened the fragile ceasefire with Iran.

North America's rig count stayed flat week on week, according to Baker Hughes' latest North America rotary rig count.

J.P. Morgan analysts, including J.P. Morgan's Head of Global Commodities Strategy, Natasha Kaneva, said the oil market is 'attempting a system reboot'.