Oil & Gas Industry News

Venezuela's exit from the OPEC group is 'structurally likely' but not for now, Kpler Senior Commodity Analyst Homayoun Falakshahi outlined in a market update.

A statement posted on OPEC's website on Sunday revealed Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman's production plan for October.

Russia's oil revenue slumped to a six-month low in August.

Oil ended a volatile week 9.7% higher as renewed US-Iran fighting kept Hormuz supply risks elevated.

U.S. retail diesel rose to a record.

The world's second-largest ocean hasn't been this docile since 1941.

EIR director Andy McConn said 'Vaca Muerta's growth potential and low-cost competitiveness are a rare combination in today's upstream market'.

Analysts at BMI revealed that their base case still assumes a preliminary agreement to reopen the Strait of Hormuz by the end of the third quarter.

WTI settled above $91 as fresh Iran strikes offset signals of easing market tightness.

RRC Commissioner Wayne Christian hailed an 'oil theft bust' stemming from a multistate investigation as a 'victory for Texas oil and gas'.