Oil & Gas Industry News

Optimism over Trump's talks with China and Putin briefly steadied sentiment amid bearish fundamentals.

Colombia is poised for an about face.

In its latest short term energy outlook, the EIA raised its U.S. total energy consumption forecast for 2025 and 2026.

A BofA Global Research report sent to Rigzone recently noted that BofA sees 'a[n] [oil price] floor likely forming at $55 per barrel'.

Canadian oil exports to China are on pace for a record month.

Oil fell to a fresh five-month low.

'We ... expect OPEC to implement cuts to avoid a large increase in inventories in Q1-26', SEB Chief Commodities Analyst Bjarne Schieldrop said.

'The taskforce will help ensure the wealth of skills and experience developed in oil and gas fuels Britain's next generation of clean energy industries', GBE said.

OPEC+'s rapid production return has added pressure despite Fed rate cut optimism.

'It looks like we are now moving into a bit of a different market,' Torbjorn Tornqvist, chief executive officer of Gunvor Group, said in an interview in London.