Oil & Gas Industry News

Oil ticked lower as Russian port activity resumed despite wider geopolitical tensions.

Oil climbed as attacks on Russian sites and Iran's tanker seizure added fresh risk premiums.

The Trump administration rescinded restrictions on oil drilling in Alaska's mammoth state petroleum reserve, reversing a move by Biden that put an estimated 8.7 billion barrels of recoverable oil off limits.

Oil ticked higher as traders weighed a looming record surplus against new Russia-focused sanctions.

South Sudan is asking crude producers for a total pre-payment of $2.5 billion.

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

Oil Plunges Over 4% as OPEC Concedes Supply Surplus

Chevron Corp. chose West Texas as the site of its first project to provide natural gas-fired power to a data center.

Eli Rubin, an energy analyst at EBW Analytics Group, warned that natural gas is 'nearing [the] price-inelastic portion of [the] curve'.

Energy is the foundation of every digital addition, Antonio Coutinho, the CEO of EDP Innovation, said in a presentation at the Web Summit event in Lisbon, Portugal, on Tuesday, which was attended by Rigzone.