Oil & Gas Industry News

Iraq's state oil marketer offered buyers contractual crude supplies for October at discounts of as much as $37 a barrel to regional benchmarks, according to a document obtained by Bloomberg.

Middle East oil flows are nearing pre-war levels as shipments through Hormuz and alternative routes rebound.

Eli Rubin, an energy analyst at EBW Analytics Group, flagged 'dizzying volatility into October final settlement'.

A nascent recovery in Chinese oil demand has begun to falter.

'The spread is not just the result of Brent acquiring more geopolitical premium', Standard Chartered Bank Energy Research Head Emily Ashford said.

The publicly owned energy company hosted a reception at its recently opened headquarters in Marischal Square.

Crude prices declined as improving Saudi supply flows eased fears of further shortages.

The Trump administration finalized a significant weakening of federal fuel economy standards for automobiles.

The EIA now sees U.S. total energy consumption coming in at 95.84 quadrillion British thermal units (qBtu) this year and 96.77 qBtu in 2027.

Texas Railroad Commissioner Wayne Christian has urged oilfield operators to report theft, a statement posted on the Texas Railroad Commission's (RRC) website recently highlighted.