Oil & Gas Industry News

Oil rebounded as renewed US-Iran clashes clouded hopes for a Hormuz deal.

Summer forecasts are pointing to higher than normal temperatures across Asia, while an El Nino weather pattern could make things even hotter.

The U.S. Department of the Interior announced that it generated over $4 billion in total receipts from a Bureau of Land Management oil and gas lease sale in New Mexico and Texas.

BP Plc fired Chairman Albert Manifold just months into the job.

Texas upstream employment increased in April, the Texas Independent Producers and Royalty Owners Association (TIPRO) said.

Naeem Aslam, CIO at Zaye Capital Markets (ZCM), outlined that ZCM sees oil being pulled in two directions.

Alaska has seen a resurgence of oil industry interest.

North America added 21 rigs week on week, according to Baker Hughes' latest North America rotary rig count.

'The government must support our own producers, industries, and workers', OEUK Chief Executive David Whitehouse said.

'On late Saturday, there seemed to have been a breakthrough in the U.S.-Iran war', Gaik June Goh, a senior oil market analyst at Sparta Commodities, said.