Oil & Gas Industry News

Brent neared $109 as pipeline and oil field disruptions tightened supplies.

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

There is a key question about how far we are from 'tank bottom', analysts at HSBC said.

The East-West Pipeline was subjected to multiple attacks and subsequently shut down, a statement posted on the official X page of Saudi Arabia's Ministry of Energy revealed.

Veteran commodities strategist Jeff Currie said average US gasoline prices will almost certainly hit $5 a gallon before the midterm elections.

Crude gained as the Saudi East-West pipeline closure heightened fears of tighter global supplies.

Venezuela is deploying officials to a Group of 20 summit of energy chiefs in Texas this week.

The U.S. Energy Information Administration revealed in its latest short term energy outlook that it sees the 2026 Brent spot price averaging $91.01 per barrel this year.

Brent crude spiked to $108.49 per barrel at the Asian opening, Saxo Bank highlighted.

TotalEnergies SE and its partners plan to invest $10 billion in Angola's oil sector over the next five years.