Oil & Gas Industry News

A bearish economic outlook, coupled with rising supply and geopolitical shifts, pushed oil prices lower.

Guyana President Irfaan Ali is exploring a partnership with Suriname to build a gas-powered industrial hub as he works to fortify his nation's economy.

'Of the 35 trading days since President Trump's inauguration, Brent has settled lower on 20 and has recorded a lower intra-high on 25 days', analysts at Standard Chartered Bank said.

During an all-Canadian energy panel at the CERAWeek by S&P Global event in Houston, speakers veered between venting frustration and anger at the tariffs and urging fellow Canadians to seek new, alternative trading partners to the US.

Oil prices climbed as US demand showed resilience, with gasoline consumption reaching its highest level since November.

'Winter is far from over', said AccuWeather Lead Long-Range Expert Paul Pastelok.

BP Plc Chief Executive Officer Murray Auchincloss appeared at a key U.S. energy major conference in Houston on Tuesday.

'The geopolitical risk premium in the oil and gas markets will fall sharply if a truce is implemented', Rystad Energy's Head of Geopolitical Analysis, Jorge Leon, said.

'The knock-on effects of the Energy Profits Levy have seen spend delayed on decommissioning across the industry, which is affecting both our rig and engineering activity'.

Conversations about peak oil supply and demand have for decades served as a backdrop to energy markets.

WTI rose 0.3% to $66.25 per barrel, supported by strong supply-demand metrics, even as global economic concerns and trade risks persist.

Eli Rubin, an energy analyst at EBW Analytics Group, highlighted that U.S. natural gas posted its fifth gain in six sessions on Monday.

North America dropped 15 rigs week on week, according to Baker Hughes' latest North America rotary rig count.

Executives from some of the world's top oil and gas producers offered full-throated support for President Donald Trump's 'Energy Dominance' on Monday.

Oil prices dropped to a six-month low as economic concerns in the US and China raised fears of weakening global demand.

Rigzone takes a closer look at the Texas Independent Producers & Royalty Owners Association's (TIPRO) latest State of Energy report.

A cargo ship crashed into an oil tanker off the UK's east coast.

WTI climbed 0.7% to settle at $67.04 a barrel, yet oil remains down 3.9% for the week as trade and supply concerns continue.

The U.S. will not hesitate to go 'all in' on sanctions on Russian energy if it helps lead to a ceasefire in the Ukraine war, Treasury Secretary Scott Bessent said Thursday.

'Yesterday's bearish EIA storage report surprise is the latest in a cascade of bearish fundamental indicators over the past two weeks', Eli Rubin, an energy analyst at EBW Analytics Group, said.