The latest oil and gas news from around the world.
Updated: 46 min 4 sec ago
EIA Pushes 2026 USA Oil Output Forecast Closer to 14MM Bpd
The U.S. Energy Information Administration raised its U.S. crude oil production forecast for 2026 in its latest short term energy outlook.
Iran-Linked Tankers U-Turn, Zig-Zag
Two U.S.-sanctioned tankers carrying cooking fuel are U-turning and zig-zagging in the Gulf of Oman and Arabian Sea.
Burnham to Back North Sea Oil
Within days of taking office incoming Prime Minister Andy Burnham is preparing to announce new drilling for oil and gas in the North Sea.
Rystad Outlines 4 Potential USA-Iran Scenarios
Rystad Energy revealed that it has revised its U.S.-Iran scenario framework 'following a renewed deterioration in security conditions around the Strait of Hormuz'.
Oil Ends Lower but Holds Weekly Gains
Traders balanced profit-taking against ongoing concerns over disruptions to oil flows through Hormuz.
SLB, Liberty Agree to Form Data Center Alliance
'We will help developers accelerate deployment of new data center capacity', Gavin Rennick, president of SLB's New Energy and Industrial business, said.
TotalEnergies Sees Strong Oil Trading
TotalEnergies SE reported another quarter of bumper oil trading after the Iran war upended crude markets.
Ukraine Hit 2 Large Russia-Linked Oil Tankers in Black Sea
Ukrainian naval drones hit two large Russia-linked oil tankers in the Black Sea.
Analysts Examine Hormuz Crossings
Rigzone talks to analysts from Hartree Partners and Energy Aspects.
USA Crude Oil Stocks Drop Almost 2MM Barrels WoW
Crude oil stocks, not including the SPR, stood at 409.7 million barrels on July 10, the EIA's latest weekly petroleum status report showed.
India Bars Seafarers from Hormuz Voyages
India has directed ship owners, ship managers and recruitment agencies to stop deploying the country's seafarers on vessels going through the Strait of Hormuz.
USA-Iran Skirmishes Worsen as Hormuz Traffic Dwindles
The U.S. struck Iran for a fifth straight day overnight and hit a sanctioned oil tanker near the country's main export terminal.
Oil Settles Higher
Oil prices rose as the US intensified strikes on Iran, heightening concerns over Middle East crude supplies despite weaker US fuel demand data.
USA EIA Raises Henry Hub Price Forecast for 2026, 2027
The U.S. Energy Information Administration raised its Henry Hub natural gas spot price projection for 2026 and 2027 in its latest short term energy outlook.
Russia Oil Sanctions Threat Could Complicate USA-India Talks
Fresh U.S. threats to impose sanctions on countries buying Russian oil may complicate ongoing trade negotiations between Washington and New Delhi, according to people familiar with the matter.
Asian Oil Refiners Scoop Up USA Crude
At least 11 million barrels of U.S. crude were sold to Asia late on Tuesday, and more deals may follow, according to traders.
USA Oil, Gas Workforce Drops from May to June
The number of employees in the oil and gas extraction industry dropped from May to June, data on the U.S. Bureau of Labor Statistics website showed.
BMI Says Outlook for Oil Prices in Q3 Now Highly Uncertain
The outlook for oil prices in the third quarter of 2026 is now highly uncertain, analysts at BMI warned.
IMO SecGen Says Hormuz Is Too Dangerous for Ships
The International Maritime Organization said the Strait of Hormuz remains too dangerous for commercial vessels to transit.
Ukraine Says It Hit Russian Oil, Gas Tankers in Black Sea
Ukrainian forces hit multiple Russian vessels in the Black Sea overnight.
