Oil & Gas Industry News

Crude posted its biggest gain in a month amid Middle East tensions and hurricane-related production cuts.

Supertankers are racing to the Middle East to cash in on soaring fees for carrying oil through the Strait of Hormuz.

The U.S. Energy Information Administration raised its 2026 Brent crude oil spot price forecast by more than $5 per barrel and its 2027 Brent price forecast by $10 per barrel.

Indian refiners have cut back Russian crude purchases for November delivery.

Naeem Aslam, CIO at Zaye Capital Markets, outlines the main driver.

Brent closed near $100 as traders weighed escalating Hormuz threats against resilient regional oil exports.

Executives from oil and gas firms revealed where they expect the Henry Hub natural gas price to be at various points in the future in the third quarter Dallas Fed Energy Survey.

Iraq devalued its currency by 13 percent against the dollar.

Cenovus Energy Inc announced that it has entered into a definitive arrangement to acquire Athabasca Oil Corporation.

Crude prices stabilized as stronger Gulf exports competed with mounting concerns over attacks on tankers and tight global supplies.