Oil & Gas Industry News

Executives from oil and gas firms revealed where they expect the Henry Hub natural gas price to be at various points in the future in the third quarter Dallas Fed Energy Survey.

Iraq devalued its currency by 13 percent against the dollar.

Cenovus Energy Inc announced that it has entered into a definitive arrangement to acquire Athabasca Oil Corporation.

Crude prices stabilized as stronger Gulf exports competed with mounting concerns over attacks on tankers and tight global supplies.

OPEC revealed that it held meetings with the second and third biggest oil consumers in the world.

More than 100 oil and gas firm executives revealed where they expect the WTI crude oil price to be at various points in the future in the third quarter Dallas Fed Energy Survey.

Brent is once again toiling around $100 per barrel as its reasons for trading much beyond the psychological three-digit mark are being eroded, PVM Oil Associates Analyst John Evans said.

Crude prices declined as Saudi Arabia cut Asian prices and Hormuz oil flows improved.

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

'Until Hormuz fully re-opens and confidence returns, the crude reality is that pressure at both ends of the barrel will intensify', Aramco Chief Executive Amin Nasser said.