Oil & Gas Industry News

Welcome to the Energy News Page. Here you can find links to the latest news from reputable sources in the oil and gas industry.


Oil Drops Below $67 as Trade War Fears Weigh on Demand

Rigzone
Thu, 13 Mar 2025 19:50:31 GMT
A bearish economic outlook, coupled with rising supply and geopolitical shifts, pushed oil prices lower.
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Guyana Seeks Suriname Gas Deal After Building Oil Fortune

Rigzone
Thu, 13 Mar 2025 14:16:17 GMT
Guyana President Irfaan Ali is exploring a partnership with Suriname to build a gas-powered industrial hub as he works to fortify his nation's economy.
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Market Confusion Acting as Severe Drag on Prices, Standard Chartered Says

Rigzone
Thu, 13 Mar 2025 13:09:33 GMT
'Of the 35 trading days since President Trump's inauguration, Brent has settled lower on 20 and has recorded a lower intra-high on 25 days', analysts at Standard Chartered Bank said.
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USA Tariffs Prompt Criticism at Houston Energy Industry Gathering

Rigzone
Wed, 12 Mar 2025 21:00:00 GMT
During an all-Canadian energy panel at the CERAWeek by S&P Global event in Houston, speakers veered between venting frustration and anger at the tariffs and urging fellow Canadians to seek new, alternative trading partners to the US.
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Oil Rebounds on Softer Inflation and Tightening Market Outlook

Rigzone
Wed, 12 Mar 2025 19:36:21 GMT
Oil prices climbed as US demand showed resilience, with gasoline consumption reaching its highest level since November.
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Polar Vortex Could Bring Cold Blast to Millions Across US, AccuWeather Says

Rigzone
Wed, 12 Mar 2025 15:41:13 GMT
'Winter is far from over', said AccuWeather Lead Long-Range Expert Paul Pastelok.
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BP CEO, Defending His Reset, Says Company to Be More Focused

Rigzone
Wed, 12 Mar 2025 14:00:00 GMT
BP Plc Chief Executive Officer Murray Auchincloss appeared at a key U.S. energy major conference in Houston on Tuesday.
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Energy Market Implications of Ukraine-Russia Ceasefire Could be Huge

Rigzone
Wed, 12 Mar 2025 12:10:16 GMT
'The geopolitical risk premium in the oil and gas markets will fall sharply if a truce is implemented', Rystad Energy's Head of Geopolitical Analysis, Jorge Leon, said.
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Aberdeen Headquartered Company Confirms Intention to Reduce Jobs

Rigzone
Wed, 12 Mar 2025 10:24:02 GMT
'The knock-on effects of the Energy Profits Levy have seen spend delayed on decommissioning across the industry, which is affecting both our rig and engineering activity'.
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The World Has Reached 'Peak Oil Trade', Carlyle's Jeff Currie Says

Rigzone
Tue, 11 Mar 2025 21:00:00 GMT
Conversations about peak oil supply and demand have for decades served as a backdrop to energy markets.
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Oil Prices Rebound as Market Metrics Signal Oversold Conditions

Rigzone
Tue, 11 Mar 2025 19:56:52 GMT
WTI rose 0.3% to $66.25 per barrel, supported by strong supply-demand metrics, even as global economic concerns and trade risks persist.
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USA NatGas Posts Fifth Gain in Six Sessions

Rigzone
Tue, 11 Mar 2025 16:02:19 GMT
Eli Rubin, an energy analyst at EBW Analytics Group, highlighted that U.S. natural gas posted its fifth gain in six sessions on Monday.
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North America Cuts 15 Rigs WoW

Rigzone
Tue, 11 Mar 2025 13:00:17 GMT
North America dropped 15 rigs week on week, according to Baker Hughes' latest North America rotary rig count.
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Oil CEOs Back Trump's Energy Agenda as Crude Hits Fresh Low

Rigzone
Tue, 11 Mar 2025 12:53:28 GMT
Executives from some of the world's top oil and gas producers offered full-throated support for President Donald Trump's 'Energy Dominance' on Monday.
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Crude Prices Drop as US and China Show Signs of Weakness

Rigzone
Mon, 10 Mar 2025 19:51:48 GMT
Oil prices dropped to a six-month low as economic concerns in the US and China raised fears of weakening global demand.
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New Report Shows USA Oil and Gas Wages by Industry

Rigzone
Mon, 10 Mar 2025 15:06:43 GMT
Rigzone takes a closer look at the Texas Independent Producers & Royalty Owners Association's (TIPRO) latest State of Energy report.
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Tanker Collision Off UK Coast Spills Fuel and Ignites Blazes

Rigzone
Mon, 10 Mar 2025 14:35:43 GMT
A cargo ship crashed into an oil tanker off the UK's east coast.
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Oil Gains on Truce Hopes but Closes Week Lower

Rigzone
Fri, 07 Mar 2025 21:04:46 GMT
WTI climbed 0.7% to settle at $67.04 a barrel, yet oil remains down 3.9% for the week as trade and supply concerns continue.
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USA Won't Hesitate on Russia and Iran Sanctions, Bessent Says

Rigzone
Fri, 07 Mar 2025 21:00:00 GMT
The U.S. will not hesitate to go 'all in' on sanctions on Russian energy if it helps lead to a ceasefire in the Ukraine war, Treasury Secretary Scott Bessent said Thursday.
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Analyst Says Bearish Fundamentals Beginning to Reassert Influence Over Gas

Rigzone
Fri, 07 Mar 2025 15:17:28 GMT
'Yesterday's bearish EIA storage report surprise is the latest in a cascade of bearish fundamental indicators over the past two weeks', Eli Rubin, an energy analyst at EBW Analytics Group, said.
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