Oil & Gas Industry News

Oil prices plunged as the US paused strikes on Iran and supply concerns eased with resumed Kazakh exports.

'Price action...is telling a more nuanced story', J.P. Morgan analysts said.

'The immediate decline reflects a reduction in the geopolitical premium', Naeem Aslam, CIO at Zaye Capital Markets, said.

Spiking energy prices, more U.S. tariffs, and mushrooming spending on artificial intelligence are reawakening investors' inflation fears.

Crude declined after reports on US-Iran diplomacy and continued Red Sea oil flows reduced immediate supply concerns.

SLB, the world's biggest oil field services provider, rose the most in more than six months.

Rystad Energy mapped four potential U.S.-Iran conflict scenarios to assess their impact on oil prices.

Offshore Energies UK announced that its CEO, David Whitehouse, had a 'constructive meeting' with the UK's new Secretary of State for Energy.

Oil climbed above $100 a barrel after Houthi attacks on Saudi tankers heightened fears of broader supply disruptions.

Oil is rocketing towards $100 per barrel, adding more than $14 in just a week.