Oil & Gas Industry News

Rigzone talks to oil and gas analysts from Standard Chartered, Wood Mackenzie, and the American Enterprise Institute.

Cuba said the country has completely run out of the diesel and fuel oil it needs to keep its power plants running.

Oil prices steadied as Trump and Xi discussed Iran and energy trade.

J.P. Morgan warned that Brent could average as much as $151 per barrel in the fourth quarter of this year if the Strait of Hormuz reopens on September 1.

'My Ministers believe that energy independence must be a long-term goal of national security', King Charles said in the 2026 King's Speech.

Senegal's state-owned oil company said the Yakaar-Teranga gas discovery will cost $7.5 billion to develop.

US inventory data eased supply fears, helping push crude lower after a recent rally.

'This Biden-era rule prevented energy and mineral production, timber management, grazing and recreation across the West', Interior Secretary Doug Burgum said.

'From the onset of the [U.S.-Iran] conflict, we deliberately refrained from publishing price targets for two months', J.P. Morgan analysts said.

The ongoing conflict in Iran has fundamentally altered the global energy landscape, J.P. Hanson, Managing Director and Global Head of the Oil & Gas Group at Houlihan Lokey, said.