Oil & Gas Industry News

The prospects for peace in the Middle East suffered a fresh setback.

Crude futures gained as geopolitical risks remained elevated across the Middle East.

Shares in Vista Energy SAB, Argentina's top oil exporter, jumped in New York on Monday.

Power constraints are becoming a real brake on robotic adoption, said Robert Liew, Director, Integrated Energy Research, at Wood Mackenzie.

Ole Hansen, Saxo Bank's Head of Commodity Strategy, highlighted that the monthly oil market reports from the EIA, IEA, and OPEC 'continue to highlight a massive divergence'.

Bjarne Schieldrop, Chief Commodities Analyst at SEB, explains why Brent hasn't rallied to $150 per barrel or higher.

Oil rose as the US threatened new economic pressure on Iran while uncertainty over the Strait of Hormuz persisted.

Crude retreated as traders assessed Hormuz shipments and rising US inventories.

A container ship paid $4 million to cut the line at the Panama Canal.

The global refining system has little spare room left to respond, Daniel Evans, Global Head of Fuels and Refining Research at S&P Global Energy, said in analysis piece.