Oil & Gas Industry News

Oil fell for a third session as easing Saudi supply concerns outweighed lingering risks around the Strait of Hormuz.

Congress gave final approval to a bill to give President Donald Trump new powers to impose tariffs on countries that purchase Russian petroleum products.

Crude fell as Saudi pipeline flows improved while uncertainty over Iran and Hormuz persisted.

Schlumberger heirs are set to auction a rare Claude Monet masterpiece at Sotheby's in Paris next month.

Oil giant Saudi Aramco has been looking to secure thousands of tons of diesel in the Mediterranean.

The damage to Saudi Arabia's East-West pipeline 'exposes [the] limits of supply optionality', Emily Ashford, Standard Chartered Bank Energy Research Head, outlined.

Japanese refiners have stepped up purchases of Middle Eastern oil.

Crude futures fell as Saudi and Libyan supply disruptions showed signs of easing.

The EIA predicted a bigger oil market crunch in 2026 and a bigger oil glut in 2027 in its latest STEO, compared to its previous August STEO.

The U.S. is investigating potential cyberattacks on oil and gas tankers.