Oil & Gas Industry News

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

Traders see short-term volatility persisting as tariffs, shipping fees, and OPEC output cloud demand prospects.

The U.S. Energy Information Administration lowered its Henry Hub natural gas spot price forecast for both 2025 and 2026.

OPEC kept its outlook for the oil market unchanged as the group and its allies continue to add barrels.

'Trump's aggressive stance keeps crude volatile', XMArabia Analyst Nadir Belbarka said.

A lack of spare OPEC+ capacity could potentially lead to an oil price spike, Hartree Partners Senior Adviser and Commodities Strategist Ed Morse highlighted to Rigzone in an exclusive interview.

Russia has significantly increased its attacks on Ukraine's power infrastructure as the cold season approaches.

Oil prices dropped to their lowest since May after Trump threatened steep new tariffs on China.

In its latest short term energy outlook, the EIA raised its average WTI spot price forecasts for 2025 and 2026.

'We need more energy', NVIDIA Co-Founder, President, and CEO Jensen Huang said in a CNBC interview on CNBC's Squawk Box recently.