Oil & Gas Industry News

In its latest STEO, the EIA increased its Brent price forecast for 2025 and 2026 but still projected that the commodity will drop next year compared to 2025.

WTI and Brent fall as bearish fundamentals eclipse geopolitical headlines.

Ukraine attacked Lukoil PJSC's Filanovsky oil field in the Caspian Sea, according to a person familiar the matter.

'The strong bidding we saw today reflects sustained industry confidence in the long-term potential of the U.S. outer continental shelf'.

'Gas prices continued to decline in most states last week', GasBuddy Head of Petroleum Analysis Patrick De Haan said.

The International Energy Agency trimmed estimates for a global oil supply surplus this year and next for the first time in several months.

'Fundamentals are still the primary drivers of change in commodity markets, with the price of oil not shifting based on the Fed's cut', Rystad said.

Gains were capped by record US production and continued buying of Russian barrels by Indian refiners.

South Sudan's oil exports faced a new threat.

Gas deals have taken center stage in the final quarter of 2025, Andrew Dittmar, Principal Analyst at Enverus Intelligence Research, said.