Oil & Gas Industry News

Dozens of executives teed up at the lush Caracas Country Club for a golf tournament Monday.

Oil rose modestly as traders weighed tight supplies against progress toward reopening Hormuz.

North America added 15 rigs week on week, according to Baker Hughes' latest North America rotary rig count.

Brent oil was up more than three percent in intraday trading on Monday.

Crude declined on hopes for a US-Iran breakthrough, though tight physical supplies continue to support the market.

Oil rose as tight global supplies outweighed optimism over a potential US-Iran deal to reopen the Strait of Hormuz.

Commercial crude oil stocks, not including the SPR, came in at 426.39 million barrels on September 18, the EIA's latest weekly petroleum status report revealed.

Saudi Arabia has sold almost 100 million barrels of oil to Asian buyers since the middle of last week, according to traders familiar with the matter.

Amplitude Energy announced that one of its workers had passed away following a shark attack.

China's oil and gas demand outlook has weakened materially in 2026, analysts at BMI said.