Oil & Gas Industry News

Gains were capped by record US production and continued buying of Russian barrels by Indian refiners.

South Sudan's oil exports faced a new threat.

Gas deals have taken center stage in the final quarter of 2025, Andrew Dittmar, Principal Analyst at Enverus Intelligence Research, said.

Rigzone connected with Faisal A. Al-Hajji, Aramco Senior Vice President of Human Resources, for a deep dive into a range of employment related topics.

Oil fell for a second day as weak refined products and rising supply fueled bearish sentiment.

Analysts at BMI, a unit of Fitch Solutions, projected that global oil demand 'will post steady growth' in 2026 'but remain below historic trends'.

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

Crude settled sharply lower as traders weighed Russian flows to India against growing oversupply risks.

A small city perched on San Francisco Bay poses a big obstacle to California Governor Gavin Newsom's plans to prevent gasoline price spikes.

For the first time in a decade, not a single hurricane struck the U.S. this season, Neil Jacobs, Under Secretary of Commerce for Oceans and Atmosphere, and NOAA Administrator, said.

The step by Platts, a unit of S&P Global Energy, effectively eliminates one source of supply that might be cheaper than others.

Wood Mackenzie identified several 'key themes shaping the U.S. Lower 48 landscape' next year in a statement sent to Rigzone recently.

Energy trader BGN is set to expand its fledgling natural gas business into a global portfolio.

WTI closed above $60 as shaky Ukraine cease-fire talks kept a risk premium in the market.

Today's $67 per barrel is only $44 per barrel in 2008-dollars, SEB Chief Commodities Analyst Bjarne Schieldrop said.

Benchmark crude oil prices could be impacted significantly by escalating military tensions between the U.S. and Venezuela, Rystad warned.

Talks stalling on a Russia-Ukraine peace plan kept sanctions in place, giving oil futures support.

Saudi Arabia cut the price of its flagship crude grade to the lowest level in five years.

'The January natural gas contract traded as high as $5.039 [per MMBtu] yesterday before closing at $4.995', EBW Analytics Group Energy Analyst Eli Rubin said.

Morningstar analysts said they believe oil demand 'still has five to 10 years of decent growth before plateauing in the early 2030s'.