Oil & Gas Industry News

U.S. President Donald Trump announced that the U.S. has 'entered into an Agreement with the Country of Venezuela on ... THE BIGGEST OIL DEAL IN WORLD HISTORY!'.

'The immediate bullish force is supply-security uncertainty', Naeem Aslam, CIO at Zaye Capital Markets, said.

Venezuela is considering whether it should quit OPEC, according to people familiar with the matter.

Oil exports from the Persian Gulf have recovered to around two-thirds of pre-war levels, according to Goldman Sachs Group Inc.

Oil rose as doubts grew over a broader US-Iran agreement.

Naeem Aslam, CIO at Zaye Capital Markets, outlined a 'key catalyst'.

Spirit Energy announced that it has completed a $54 million UK North Sea decommissioning campaign.

Oil eased in a choppy session as traders weighed progress on diplomatic efforts to resume shipping through the Strait of Hormuz against fresh risks of a global supply squeeze.

The change in sentiment has been swift, Ole Hansen, Saxo Bank Head of Commodity Research, said.

Iranian Foreign Minister Abbas Araghchi and his Omani counterpart Badr Albusaidi discussed an 'interim framework' aimed at resuming shipping through the Strait, according to a joint statement carried by the Oman News Agency.