Oil & Gas Industry News

The number of employees in the oil and gas extraction industry has hit its lowest level since 2022, data on the BLS website shows.

One of the world's largest commodity shipping companies is planning for a scenario in which the Strait of Hormuz remains effectively shut for the rest of the year.

'I would say the ceasefire is on massive life support where the doctor walks in and says, 'sir, your loved one has approximately a one percent chance of living',' U.S. President Donald Trump said.

Oil prices climbed as fears grew that the Iran ceasefire could collapse and keep the Strait of Hormuz disrupted.

Trump, who last visited China in 2017, will meet Xi Jinping in a much-anticipated summit that's already been rescheduled once due to the war.

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

'The conflict in Iran is a clear reminder of the world's reliance on Texas oil and gas', RRC Commissioner Wayne Christian said.

Traders are adding back a supply risk premium after U.S. President Donald Trump rejected Iran's peace response, Naeem Aslam, CIO at Zaye Capital Markets, said.

The head of the International Energy Agency is urging Canada to move more quickly to develop and export its energy resources.

Markets remained volatile amid fresh Gulf clashes and uncertainty over Iran's response to a US peace proposal.