Oil & Gas Industry News

The Trump administration has eased recent export limits on a critical petroleum product that's used to make plastics.

Geopolitical tensions eased, but market uncertainty remains with sanctions, diplomacy, and OPEC+ talks in focus.

Enverus announced that it has released its annual list of 'the most prolific 100 private oil and gas producers in the United States'.

Industry body Offshore Energies UK said the UK government's new industrial strategy is welcome 'but must harness the UK's whole energy mix'.

'The logic of war has failed - return to the logic of diplomacy', Iran's mission to the UN said.

Trump eased investor fears by reaffirming pressure on Iran despite recent mixed signals.

Polls show a significant minority of Albertans are interested in exploring independence from Canada, partly because they're frustrated about environmental rules that limit the development of oil and gas.

'We do not think any increase in general Middle East risk or other geopolitical implications was priced in; the Strait of Hormuz was the key factor', analysts at Standard Chartered Bank said.

Angolan President Joao Lourenco called on U.S. companies to expand their investments in Africa beyond traditional oil and mineral extraction.

Oil fell sharply as Trump pushed for peace and signaled support for Iranian exports.

The UK government is poised to reject a controversial plan to divide the nation's electricity market into zones, according to people familiar with the matter.

The total North America rig count remained unchanged week on week, according to Baker Hughes' latest North America rotary rig count.

Hours after Trump's declaration of a truce, Israel detected missile launches.

The oil market is now factoring in a one in five chance of a material disruption in Gulf energy production flows, analysts at J.P. Morgan said in a research note sent to Rigzone on Monday.

'The Iran-Israel War may not yet be over', Erik Meyersson, Chief EM Strategist at SEB, warned.

Iran fired missiles at a U.S. base in Qatar in a seemingly symbolic and pre-warned strike.

Volatile swings reflect ongoing uncertainty despite signs of de-escalation.

Goldman Sachs Group Inc. flagged the possibility of higher oil and gas prices after the U.S. struck Iran.

On Sunday, the Coswisdom Lake and South Loyalty entered the waterway and abruptly changed course, according to vessel tracking data compiled by Bloomberg.

JPM analysts stated that, since 1967, except for the Yom Kippur War in 1973, none of the 11 major military conflicts involving Israel have had a lasting impact on oil prices.