Oil & Gas Industry News

Iran is continuing to load millions of barrels of oil onto supertankers.

Oil prices dipped as potential US-Iran talks raised hopes for restored flows.

President Donald Trump's administration has given a 90-day extension to a shipping waiver making it easier to move oil, fuel and fertilizer around the United States.

The first quarter Dallas Fed Energy Survey has received an update 'in response to recent developments in the global oil market', a statement sent to Rigzone revealed.

There is a high risk being short energy and betting on any immediate political resolution in the Iran conflict, according to SEB Commodities Analyst Ole R. Hvalbye.

BP Plc faced a shareholder backlash at its annual general meeting.

Oil prices rose sharply as escalating Iran conflict risks threatened flows through the Strait of Hormuz.

'Reopening optimism' for the Strait of Hormuz is 'sliding fast', according to SEB Chief Commodities Analyst Bjarne Schieldrop.

'I do not agree with those who say we should 'turn off the taps' overnight', UK Energy Secretary Ed Miliband said.

Iranian gunboats fired on commercial ships in the Strait of Hormuz while the U.S. intercepted two of the Islamic Republic's oil tankers.