Oil & Gas Industry News

Energy Secretary Chris Wright is ordering the stepped-up scrutiny.

Oil prices rose after Iran downplayed progress in nuclear talks with the US.

'In our view, the bullish impulses of the gas market may prove correct - but are just early', Eli Rubin, an energy analyst at EBW Analytics Group, said.

'Great British Energy comes from a simple idea - British people should own and benefit from our own natural resources', UK Energy Secretary Ed Miliband said.

Faltering consumption threatens a further blow to oil prices.

Demand concerns and rising OPEC+ output continue to pressure prices.

The price of the Brent benchmark is more than 14 percent down so far this year.

Oil prices have risen strongly over the past week, analysts at Standard Chartered Bank said in a report sent to Rigzone late Tuesday.

Rigzone talks to Bill Farren-Price, Senior Research Fellow and Head of Gas Research at the Oxford Institute for Energy Studies, and Lucas Herrmann, the Head of Oil & Gas Equity Research at BNP Paribas Exane.

His Liberal government faces a tense relationship with the premier of the oil-rich province of Alberta, where some are even agitating to secede from Canada.

Optimism from the US-China trade truce was overshadowed by bearish government data.

In a statement posted on its website this week, the U.S. Department of Energy announced 'the first step in the Energy Department's largest deregulatory effort in history'.

The agreements were signed during Trump's visit to the kingdom, in which the U.S. president secured $600 billion in investment commitments from Saudi partners.

President Donald Trump appears to prefer U.S. oil prices between $40 and $50 a barrel, according to Goldman Sachs Group Inc.

Ghana is encouraging investors to get the country's crude out of the ground.

Oil jumped nearly 3% as Trump threatened new sanctions on Iranian crude exports.

The incentives put in place by former President Joe Biden's signature climate law have been ripe targets for lawmakers looking for trillions of dollars to help pay for extending Trump's tax cuts.

'With Brent hovering around $65, it's unlikely that oil prices will dominate the agenda during the Saudi visit', SEB Commodities Analyst Ole R. Hvalbye said.

North America cut 12 rigs week on week, according to Baker Hughes' latest North America rotary rig count.

Analysts indicate the truce removed $3–$5 of downside from oil prices.