Oil & Gas Industry News

The U.S. Energy Information Administration raised its Henry Hub natural gas spot price projection for 2026 and 2027 in its latest short term energy outlook.

Fresh U.S. threats to impose sanctions on countries buying Russian oil may complicate ongoing trade negotiations between Washington and New Delhi, according to people familiar with the matter.

The number of employees in the oil and gas extraction industry dropped from May to June, data on the U.S. Bureau of Labor Statistics website showed.

The outlook for oil prices in the third quarter of 2026 is now highly uncertain, analysts at BMI warned.

The International Maritime Organization said the Strait of Hormuz remains too dangerous for commercial vessels to transit.

Oil climbed to a one-month high as renewed Middle East fighting heightened concerns over supplies through the Strait of Hormuz.

North America's rig count dropped by 10 rigs week on week, according to Baker Hughes' latest North America rotary rig count.

Escalations over the past week have damaged the media narrative that has built up over the past few weeks, Standard Chartered Bank Energy Research Head Emily Ashford told Rigzone.

A 'powerful' cross-industry group is delivering a 'strongly worded letter' to the incoming UK government, a statement sent to Rigzone by OEUK recently noted.

The Iran-backed Houthi group in Yemen fired ballistic missiles and drones on Saudi Arabia.