Oil & Gas Industry News

The EU does not expect immediate impact from the fresh Middle East conflict on the security of oil and gas supply in the bloc, even amid a stoppage of flows from the Druzhba oil pipeline.

Oil fluctuated as the Iran war disrupts Gulf energy flows and threatens global supply routes.

North America dropped 11 rigs week on week, according to Baker Hughes' latest North America rotary rig count.

Russia's flagship crude blend is still trading at deep discounts despite a global oil rally.

Oil prices rise in both scenarios.

Brent jumped 11% in two days before Trump's escort pledge cooled the rally.

Falling debris from an intercepted drone caused a major fire at the United Arab Emirates oil trading hub of Fujairah.

'Oil is Iran's weapon of choice, and the U.S. gasoline pump is part of the battlefield', SEB Chief Commodities Analyst Bjarne Schieldrop warned.

OEUK and TXOGA have both issued statements on the ongoing conflict in the Middle East.

The war between the United States and Israel against Iran has the potential to be the largest oil supply disruption in history, S&P Global has warned.