Oil & Gas Industry News

Oil prices were little changed in thin Christmas Eve trading as geopolitical risks offset oversupply fears.

Oil rose for a fifth day as US actions against Venezuela offset signs of weak demand.

Oil closed higher as US actions against Venezuelan tankers heightened geopolitical risk.

Russia said a drone attack damaged infrastructure and vessels in the Black Sea port of Taman.

North America dropped 13 rigs week on week, according to Baker Hughes' latest North America rotary rig count.

In its latest short term energy outlook, the EIA raised its U.S. total energy consumption forecast for 2025.

U.S. forces chased the U.S.-sanctioned Bella 1 on Sunday as it was en route to Venezuela.

'This financing transaction is the latest in a series of ADNOC-led pioneering infrastructure development partnerships that have been executed over the past decade', ADNOC said.

Oil declined for a second week as concerns over a growing glut outweighed geopolitical risks to supply.

Ukraine for the first time hit an oil tanker from Russia's shadow fleet in the Mediterranean Sea.