Oil & Gas Industry News

Oil surged the most in more than three years after Israel carried out airstrikes against Iran.

'There is still time to make this slaughter, with the next already planned attacks being even more brutal, come to an end'.

Iranian media reported that the head of the Islamic Revolutionary Guard Corps and the military chief of staff were both killed.

Oil held steady as traders weighed renewed tariff threats from the U.S. against the potential for widespread conflict in the Middle East.

Oil surged as the U.S. government ordered a partial evacuation of its embassy in Iraq amid rising security risks.

The EU proposed a ban on the Nord Stream gas pipelines and the reduction of an oil price cap as part of a new sanctions package that aims to pile pressure on Moscow to end its war against Ukraine.

Oil edged lower as the market awaits the outcome of a second day of trade talks between the U.S. and China.

The U.S. Department of Energy announced a new supercomputer powered by Dell and NVIDIA 'to speed scientific discovery'.

Germany's state-owned SEFE signed a 10-year deal to buy gas from Azerbaijan's Socar.

Dstl has trialed an underwater robot which can prevent adversaries from sabotaging undersea cables and pipelines by disarming or removing threats, a statement posted on the UK government website on Monday said.

Oil extended last week's gain.

OPEC+'s oil output hikes are part of a Saudi strategy that will see the kingdom embark on a long but shallow price war designed to recapture market share, Bank of America Corp.'s head of commodities research said.

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

Canada's oil sands industry reduced its emissions per barrel for the sixth straight year in 2023.

Oil rose as stronger than expected U.S. jobs data eased concerns about an economic slowdown that would crimp demand.

In its latest gasoline and diesel fuel update, the U.S. Energy Information Administration showed a declining price trend for U.S. regular gasoline and U.S. on-highway diesel fuel.

'I am very pleased to strengthen the energy partnership with the UK and our longstanding partner and customer Centrica,' Equinor President and CEO Anders Opedal said.

'These agreements represent progress against BP's strategy to grow long-term shareholder value', BP said.

Petronas, Malaysia's state-owned oil and gas company, will cut about 10 percent of its workforce in a firm-wide restructuring.

Oil rallied as signs the U.S.-China trade war may ease outweighed concerns about increased OPEC+ crude output.