Oil & Gas Industry News

Rystad Energy Chief Oil Analyst Paola Rodriguez-Masiu warned that the physical market 'does not run on political timelines'.

Oil and gas prices plunged as traders weighed a potential US-Iran peace agreement.

Iran has laid out an updated process for ships seeking to transit Hormuz, but several shipowners said they remained cautious about sending their vessels through until there are more details.

'Project Freedom (The Movement of Ships through the Strait of Hormuz) will be paused for a short period of time', U.S. President Donald Trump said.

European Central Bank President Christine Lagarde said soaring energy costs due to the Iran war should act as a wake-up call for Europe.

Crude markets entered relief mode as tensions failed to escalate further.

The U.S. played down the prospect of a return to active war with Iran.

The United Arab Emirates was in a unique position in OPEC+, according to James Davis, who leads FGE's Short-Term service and crude oil production forecasting.

GlobalData has identified the 'top' themes that will impact the oil and gas industry this year in a new strategic intelligence report.

Traffic through the Strait of Hormuz remained largely frozen amid increasing tensions.