Oil & Gas Industry News

WTI surged 3% while Brent edged lower amid shifting shipping costs and tight global supplies.

Globally, the squeeze on crude oil is serious, Aramco President and CEO Amin H. Nasser said.

U.S. President Donald Trump said 'Massive Oil, Gas, and Mineral Exploration is getting ready to begin' in Greenland.

The North Sea Transition Authority announced that emissions in the North Sea have fallen for a sixth consecutive year.

All 21 crew members were evacuated without injuries before the Singapore-flagged vessel sank.

Oil gained amid renewed supply disruptions, rising shipping costs and continued pressure on global fuel markets.

KPC CEO Shaikh Nawaf Saud Al-Sabah 'reaffirmed the corporation's commitment to meeting its obligations to customers and partners worldwide, despite ongoing challenges'.

'Alaska remains central to America's energy future', MMA Acting Director Mike Olsen said.

'Energy security must unite us, not divide us', Saad Sherida Al-Kaabi, Qatar's Minister of State for Energy Affairs, and the President and CEO of QatarEnergy, said.

Oil production operations have not been affected by the attack, according to a source familiar with the matter.