Oil & Gas Industry News

The Trump administration took steps to impose levies on Chinese vessels docking at U.S. ports.

Oil prices surged nearly 4%, driven by US sanctions tightening pressure on Iran's energy exports.

The U.S. Energy Information Administration increased its Henry Hub natural gas spot price forecast for 2025 and 2026 in its latest short term energy outlook.

Rystad Energy said U.S. oil and gas operators have encountered an avalanche of economic policy changes from the Trump administration over the last week.

The total backlog of overdue compensation cuts has increased by almost nine percent to roughly 139 million barrels.

Iraq pledged to cut oil exports under OPEC+ pressure, adding momentum to the crude rebound.

Iraq, OPEC's second-largest producer, plans to cut its oil-price assumption in the federal budget after the market plunged.

The U.S. Energy Information Administration cut its WTI oil price forecast for 2025 and 2026.

Goldman Sachs analysts revealed that they see the Brent oil price falling to under $40 per barrel under one scenario.

Oil slipped as trade tensions and weak demand forecasts raised concerns of a long-lasting surplus.