Oil & Gas Industry News

Crude declined after reports on US-Iran diplomacy and continued Red Sea oil flows reduced immediate supply concerns.

The company, which helps clients drill oil wells and map underground pockets of crude, said the conflict is encouraging customers to spread investment across more regions.

Rystad Energy mapped four potential U.S.-Iran conflict scenarios to assess their impact on oil prices.

Offshore Energies UK announced that its CEO, David Whitehouse, had a 'constructive meeting' with the UK's new Secretary of State for Energy.

Oil climbed above $100 a barrel after Houthi attacks on Saudi tankers heightened fears of broader supply disruptions.

Oil is rocketing towards $100 per barrel, adding more than $14 in just a week.

UK Prime Minister Andy Burnham has selected his energy team.

Brent settled above $94 as traders weighed growing geopolitical risks and the potential for prolonged supply disruptions.

Power blackouts hit energy-rich North Africa from Libya to Tunisia and Algeria.

'The investment will reinforce the UAE's energy security and its role as a reliable global energy supplier', ADNOC said.