Oil & Gas Industry News

'Physical natural gas prices are crashing', EBW Analytics Group Energy Analyst Eli Rubin said.

Trafigura is one of the world's biggest traders of oil, moving an average of 6.6 million barrels a day.

North America dropped 16 rigs week on week, according to Baker Hughes' latest North America rotary rig count.

'The global oil market in 2026 will not be about Venezuela', SEB Chief Commodities Analyst Bjarne Schieldrop said.

Oil prices rose as geopolitical risks increased following US action against Venezuela.

Denmark's prime minister urged Donald Trump to stop threatening to take control of Greenland.

Eight OPEC+ countries met virtually on January 4 'to review global market conditions and outlook', a statement posted on OPEC's site highlighted.

'We're going to get the oil flowing the way it should be', U.S. President Donald Trump said.

'The crucial question is what will happen with Venezuela's production from here. This remains hard to forecast', the analysts said.

A data center project in Alberta that's backed by European firms has the potential to be worth as much as EUR 8 billion ($9.4 billion) over the next several years, says the head of one of the companies involved.