Oil & Gas Industry News

President Donald Trump temporarily waived a century-old shipping mandate to lower the cost of transporting oil, gas and other commodities around the United States.

President Donald Trump pressed for a de-escalation of attacks on Middle East energy assets.

EBW Energy Analyst Eli Rubin said natural gas 'continues to decouple from the crude oil correlations that provided upside from the Iran war'.

In an oil flash note sent to Rigzone late Tuesday, J.P. Morgan analysts flagged an oil price 'misalignment'.

Oil prices climbed as Middle East attacks intensified supply risks and disrupted key export routes.

Even major fossil fuel exporters aren't immune to a widening energy crunch.

'In our forecast, the Henry Hub spot price averages almost $3.80 per million British thermal units in 2026', the EIA said.

'It has been an extraordinary three weeks for the energy complex', Standard Chartered Bank Energy Research Head Emily Ashford said.

Iran set a massive natural gas field in the UAE ablaze as it steps up attacks on key energy sites, while US President Donald Trump appealed to allies and the likes of China to help reopen the Strait of Hormuz.

Oil ended lower, but Brent still closed above $100 for a third straight session as Middle East supply risks remained elevated.