Oil & Gas Industry News

Alaska has seen a resurgence of oil industry interest.

North America added 21 rigs week on week, according to Baker Hughes' latest North America rotary rig count.

'The government must support our own producers, industries, and workers', OEUK Chief Executive David Whitehouse said.

'On late Saturday, there seemed to have been a breakthrough in the U.S.-Iran war', Gaik June Goh, a senior oil market analyst at Sparta Commodities, said.

Intercontinental Exchange Inc is working with OKX to launch oil futures contracts that never expire.

Energy markets remain volatile as Iran negotiations and supply risks continue.

Oil continues to exert an influence well beyond the energy market itself, Ole Hansen, Saxo Bank's Head of Commodity Strategy, said.

The head of ConocoPhillips said Venezuela's initial steps to attract foreign oil companies that could help revive the nation's production are falling well short.

Crude settled lower amid hopes for a Strait of Hormuz reopening.

Oil market participants are increasingly pricing crude to be capped near $100 a barrel over the next year.