Oil & Gas Industry News

Oil extended losses as traders saw fewer signs of military escalation and US sanctions on Iran proved less severe than feared.

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

Although Texas upstream employment declined in July, job postings reflect a 'continued demand for talent', TIPRO said.

Analysts at Rystad Energy and Skandinaviska Enskilda Banken AB have examined the U.S. administration's latest measures against Iran.

Crude prices declined as traders weighed new US sanctions pressure on Tehran.

China's oil demand probably peaked last year, earlier than previous estimates, according to the head of the nation's top refiner.

'I am deeply honored', said the RRC's new Chairman.

Brent crude has seen another volatile month of trading, analysts at BMI highlighted.

Crude extended its rally as Asian demand strengthened while the Iran conflict continued to constrain global supplies.

The Justice Department claimed 'a significant victory for President Trump's efforts to unleash American energy'.