Oil & Gas Industry News

Turkey is weighing whether to raise electricity and natural gas prices, according to people familiar with the matter.

Billionaire oil wildcatter Harold Hamm's Continental Resources Inc. plans to increase production.

'It is imperative that international law is respected and that Iran fully re-opens the Strait of Hormuz', a statement posted on the UK government website said.

Why has the West Texas Intermediate (WTI) oil price surpassed Brent?

Oil prices surged above $110 as escalating US-Iran tensions raised fears of prolonged disruptions through the Strait of Hormuz.

U.S. President Donald Trump is coming under increasing international pressure after he pledged to continue the war on Iran, sparking further turmoil in energy markets.

Standard Chartered Bank Energy Research Head Emily Ashford warned that the next OPEC+ meeting on April 5 'could result in abandonment of voluntary output cuts and compensation cuts'.

Oil is right in the middle of a geopolitical knife fight, and the market is feeling every jab, Naeem Aslam, Chief Investment Officer at Zaye Capital Markets, said.

President Donald Trump said the war in Iran is 'very close' to completion, even as he said the U.S. plans to launch fresh attacks on the country.

The UAE urged the UN to authorize a range of measures, including force, to reopen the Strait of Hormuz as Persian Gulf countries pressure Iran to restore free passage along the vital global energy corridor.