Oil & Gas Industry News

Crude markets remain volatile with supply risks and geopolitical tensions unresolved.

The US and Iran prepared for direct talks in Pakistan with the Strait of Hormuz still effectively shut and Israel and Hezbollah exchanging fire.

Netanyahu agreed to hold talks with Lebanon.

The U.S. and Iran prepared for peace talks in Pakistan with a fragile ceasefire largely holding, though issues such as Israel's offensive in Lebanon and the opening of the Strait of Hormuz remain unresolved.

A Russian-flagged supertanker passed through the Strait of Hormuz into the Persian Gulf, marking a rare passage for one of the nation's ships as traders scrutinize every transit through the war-hit waterway.

Oil rose as Hormuz disruptions and Saudi output cuts fueled supply concerns.

Continued attacks - including Israeli strikes in Lebanon - have raised questions about the effectiveness of a ceasefire.

Oil prices plunged after a US-Iran ceasefire eased fears of prolonged supply disruption.

The U.S. Department of the Interior announced the start of a phased plan to establish the Marine Minerals Administration.

'The market remains highly headline-driven', Naeem Aslam, CIO at Zaye Capital Markets, warned.