Oil & Gas Industry News

Chevron's cautious stance on injecting fresh capital is a reality check on how quickly the nation's oil industry can be revived.

Oil slipped on diplomatic signals toward Iran but still posted its biggest monthly gain since 2022.

Greece, home to the world's largest oil tanker fleet, told the nation's vessel owners to do what they can to stay away from Iran's coast.

The next OPEC+ meeting is currently scheduled to take place on Sunday.

Prediction markets now put the probability of the U.S. striking Iran before June this year at 71 percent, SEB Chief EM Strategist Erik Meyersson said.

Brent topped $70 and WTI climbed above $65 amid fears of supply disruption in the Strait of Hormuz.

Venezuela's interim leader is playing to three different audiences with her plans for Venezuela's oil sector.

President Donald Trump warned Iran to make a nuclear deal with the U.S. or face military strikes far worse than the attack he ordered last June.

'Timing and execution will determine whether several mega deals will go through', Rystad Energy said.

Mazen Salhab, Head of Market Research at MH Markets, highlighted that oil prices 'remain elevated and volatile'.