Oil & Gas Industry News

The U.S. Energy Information Administration raised its U.S. total energy consumption projection for 2026 and 2027.

Democrat Jon Rosenthal defeated Republican firebrand Bo French.

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

A 'massive blue wave mid-term election result' saw the Democrats take control of both the House of Representatives and the Senate, Saxo Bank highlighted.

Democrats swept the governor's office, a U.S. Senate seat and a host of down-ballot slots in the midterm election, a rejection of the Republican party and President Donald Trump.

Oil markets remain volatile as traders weigh Iran war risks against improving regional supply.

Iran and the U.S. are reviewing fresh proposals from mediators on how to resolve their differences and avoid a return to all-out war, according to a diplomat briefed on the matter.

Oil prices plunged more than 7% as Washington and Tehran signaled openness to renewed peace negotiations.

Brent crude reacted sharply in Monday trading as Iran signaled openness to renewed peace talks.

Big Oil reaped more than $50 billion in windfall profits.