Oil & Gas Industry News

INTERTANKO and OCIMF have issued a joint statement on the situation in the Middle East.

Saudi Arabia is diverting millions of barrels of oil to its Red Sea ports.

J.P. Morgan analysts highlighted that 'to reopen the Strait, President Trump announced on Tuesday that the U.S. will escort and insure all commercial vessels transiting Hormuz, leveraging the DFC'.

Rigzone talks to Benjamin Zycher, a Senior Fellow at the American Enterprise Institute, and Doug Bandow, a Senior Fellow at the Cato Institute.

The EU does not expect immediate impact from the fresh Middle East conflict on the security of oil and gas supply in the bloc, even amid a stoppage of flows from the Druzhba oil pipeline.

Oil fluctuated as the Iran war disrupts Gulf energy flows and threatens global supply routes.

North America dropped 11 rigs week on week, according to Baker Hughes' latest North America rotary rig count.

Russia's flagship crude blend is still trading at deep discounts despite a global oil rally.

Oil prices rise in both scenarios.

Brent jumped 11% in two days before Trump's escort pledge cooled the rally.