Oil & Gas Industry News

Ukrainian naval drones hit two large Russia-linked oil tankers in the Black Sea.

Rigzone talks to analysts from Hartree Partners and Energy Aspects.

India has directed ship owners, ship managers and recruitment agencies to stop deploying the country's seafarers on vessels going through the Strait of Hormuz.

The U.S. intensified strikes against Iran overnight.

Oil prices rose as the US intensified strikes on Iran, heightening concerns over Middle East crude supplies despite weaker US fuel demand data.

The U.S. Energy Information Administration raised its Henry Hub natural gas spot price projection for 2026 and 2027 in its latest short term energy outlook.

Fresh U.S. threats to impose sanctions on countries buying Russian oil may complicate ongoing trade negotiations between Washington and New Delhi, according to people familiar with the matter.

The number of employees in the oil and gas extraction industry dropped from May to June, data on the U.S. Bureau of Labor Statistics website showed.

The outlook for oil prices in the third quarter of 2026 is now highly uncertain, analysts at BMI warned.

The International Maritime Organization said the Strait of Hormuz remains too dangerous for commercial vessels to transit.