Oil & Gas Industry News
Welcome to the Energy News Page. Here you can find links to the latest news from reputable sources in the oil and gas industry.
Oil Managed Slight Gain as Risk Premium Falls
Rigzone
Fri, 19 Apr 2024 19:35:23 GMT
Oil eked out a meager gain after Iranian media appeared to downplay the effect of Israeli strikes, lowering the geopolitical risk premium for crude.
Read More
What Would an All-Out War in the Middle East Mean for USA Gasoline Prices?
Rigzone
Fri, 19 Apr 2024 14:00:00 GMT
'It would mean extreme price volatility,' EIR warned.
Read More
Iran-Israel Conflict Has Potential to Further Disrupt Shipping Industry
Rigzone
Fri, 19 Apr 2024 10:33:19 GMT
'The risk profile for commercial vessels operating in the region remains at severe/critical,' Dryad stated.
Read More
Iran Acknowledges Drone Attack by Israel and Says It Failed
Rigzone
Fri, 19 Apr 2024 10:24:27 GMT
Israel launched a retaliatory strike on Iran following last week's missile and drone barrage from Tehran, according to two U.S. officials.
Read More
Analysts Believe Oil Market Is Underpricing Risk
Rigzone
Fri, 19 Apr 2024 08:27:35 GMT
Analysts at Standard Chartered said they think geopolitical risk in oil has escalated significantly.
Read More
Oil Swings Amid Rising Iranian Threats
Rigzone
Thu, 18 Apr 2024 19:22:47 GMT
Oil fluctuated as markets weighed Iran's threats on Israeli nuclear sites against a stronger US dollar.
Read More
US Confirms Reimposition of Oil Sanctions against Venezuela
Rigzone
Thu, 18 Apr 2024 15:35:49 GMT
Washington will not renew a reprieve issued to Caracas for oil and gas activities, accusing the Maduro regime of reneging on a commitment to upholding fair elections.
Read More
USA Commercial Crude Oil Inventories Rise
Rigzone
Thu, 18 Apr 2024 15:26:17 GMT
Crude oil stocks in the U.S., not including the SPR, stood at 460.0 million barrels on April 12.
Read More
Analyst Says USA Influence on Middle East Seems to be Fading
Rigzone
Thu, 18 Apr 2024 09:54:02 GMT
'U.S. sanctions on Iran had greatly impacted reported volumes in 2018-20, but such volumes appear to have been brought back online,' a Senior Associate at Enverus Intelligence Research told Rigzone.
Read More
How Likely Is an All-Out War in the Middle East Involving the USA?
Rigzone
Thu, 18 Apr 2024 08:30:55 GMT
And what would that mean for oil prices?
Read More
USA to Reimpose Venezuela Oil Ban Unless Maduro Acts Quickly
Rigzone
Wed, 17 Apr 2024 21:00:00 GMT
The U.S. plans to allow a Treasury Department license permitting oil and gas production to expire without renewal on Thursday, according to people familiar with the plan.
Read More
Oil Plummets Over 3% to Three Week Low
Rigzone
Wed, 17 Apr 2024 19:16:04 GMT
Oil fell more than 3% to a three-week low as trend-following algorithms accelerated the day's selloff.
Read More
DOI Announces New Decommissioning Rule
Rigzone
Wed, 17 Apr 2024 15:08:08 GMT
'Under the new rule, BOEM estimates industry will be required to provide $6.9 billion in new financial assurances to protect American taxpayers from assuming industry decommissioning costs'.
Read More
Senator Cardin Says Congressional Leaders Discussing Iran Oil Sanctions
Rigzone
Wed, 17 Apr 2024 14:00:01 GMT
The Stop Harboring Iranian Petroleum Act passed out of committee Tuesday.
Read More
Where Do We Go From Here, Oil Analyst Asks After Iran Attack
Rigzone
Wed, 17 Apr 2024 08:33:55 GMT
Is this the start of a direct war between Israel and Iran?
Read More
Oil Shows Little Change Awaiting Israel Response
Rigzone
Tue, 16 Apr 2024 19:50:34 GMT
Oil fluctuated in a narrow range as risk-off sentiment prevailed in broader markets and traders monitored Israel's response to an unprecedented attack by Iran.
Read More
House Votes to Sanction China's Purchase of Iranian Oil
Rigzone
Tue, 16 Apr 2024 15:26:21 GMT
The legislation was approved by a 383-11 vote.
Read More
North America Breaks Rig Loss Streak
Rigzone
Tue, 16 Apr 2024 12:00:00 GMT
North America added rigs week on week, according to Baker Hughes' latest rotary rig count.
Read More
An Already Bad Situation in the Red Sea Just Got Worse
Rigzone
Tue, 16 Apr 2024 06:09:48 GMT
'An already bad situation in the Red Sea and Gulf of Aden has just got worse,' Xeneta Chief Analyst Peter Sand said.
Read More
Oil Markets Were Already Positioned for Iran Attack
Rigzone
Tue, 16 Apr 2024 05:57:29 GMT
'The market had been bracing for this scenario', analysts at FGE said.
Read More