Oil & Gas Industry News

Oil prices inched higher after Fed Chair Powell signaled a possible September rate cut.

Oil rose on tariff threats against India over Russian crude purchases.

If approved, the agreement could kickstart oil and gas exploration by Turkish ships in a swathe of territory between Crete and Turkey.

Oil rose after a U.S. stockpile decline of 6 million barrels.

Black Hills Corp and NorthWestern Energy Group Inc announced in a joint statement that each company's board of directors has unanimously approved a definitive agreement to combine in an all-stock, tax-free merger.

The Texas Independent Producers and Royalty Owners Association and the Texas Oil and Gas Association took a look at July Texas upstream employment.

Declining domestic gas production and rising energy needs in emerging Asian economies such as India, the Philippines, Vietnam and Malaysia will help drive the growth, Woodside CEO Meg O'Neill said in an interview on Tuesday.

Crude futures slid as traders weighed Trump's push for a Russia and Ukraine summit.

The U.S. Energy Information Administration has revealed its latest average Henry Hub natural gas spot price forecasts in its August short term energy outlook.

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

Oil rose after Zelensky's comments tempered hopes for a swift Russia-Ukraine deal.

U.S. President Donald Trump said he will hold off on raising tariffs on Chinese goods over the country's purchases of Russian oil.

The award is TIPRO's top honor.

The U.S. Energy Information Administration cut its West Texas Intermediate average spot crude oil price forecast in its latest short term energy outlook.

Any talks about U.S. sanctions towards Russia are now blowing in the wind, Bjarne Schieldrop, Chief Commodities Analyst at Skandinaviska Enskilda Banken AB, said.

Oil drifted lower, settling below $66 a barrel, as investors awaited a face to face summit between Donald Trump and Vladimir Putin later Friday.

The U.S. Energy Information Administration cut its Brent spot average crude oil price forecast for 2025 and 2026 in its latest short term energy outlook.

'The threat of secondary sanctions has been particularly successful', Olga Tokariuk, a fellow with the Democratic Resilience Program at CEPA, said in an exclusive CEPA press briefing, which Rigzone was invited to.

WTI rebounded above $63 as traders awaited signals from the Trump-Putin summit.

Absent greater military involvement, the Trump administration has limited leverage over Russia without risking a spike in oil prices, analysts at J.P. Morgan said.