Industry News

Enverus Intelligence Research warned that global drilling availability was narrowing as demand was rising.

Japan plans to support the construction of pipelines that bypass the Strait of Hormuz.

For the first time in history, $4 gasoline could greet U.S. drivers on Labor Day, GasBuddy warned.

The change in sentiment has been swift, Ole Hansen, Saxo Bank Head of Commodity Research, said.

Indian refiners are scaling back buying of Russian crude from elevated levels.

Iranian Foreign Minister Abbas Araghchi and his Omani counterpart Badr Albusaidi discussed an 'interim framework' aimed at resuming shipping through the Strait, according to a joint statement carried by the Oman News Agency.

Oil extended losses as traders saw fewer signs of military escalation and US sanctions on Iran proved less severe than feared.

Australia's biggest oil and gas producer Woodside Energy Group Ltd. is scaling back its clean energy ambitions to double down on fossil fuels.

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

The development-stage gas power developer entered into an agreement to buy 123 megawatts of new generation equipment, increasing potential capacity for the first phase of its Project Permian to nearly 200 MW.

Dozens of workers manning airlift for the Norwegian oil and gas industry agreed new compensation and benefits terms with the Federation of Norwegian Aviation Industries.

Ukraine said it attacked an oil refinery and a gas-processing plant in Russia overnight.

The Israeli company signed an agreement to acquire a vessel that will be retrofitted to serve as a second floating production, storage and offloading platform for the under-construction Sea Lion oil development in the Falkland Islands.

Although Texas upstream employment declined in July, job postings reflect a 'continued demand for talent', TIPRO said.

The Norwegian trio announced a collaboration to explore the largest remaining reserves in the country's waters to sustain production as existing developments become depleted.

Analysts at Rystad Energy and Skandinaviska Enskilda Banken AB have examined the U.S. administration's latest measures against Iran.

Asian refiners are on course to nearly double their purchases of U.S. crude for September from a month earlier, a move that stands to squeeze domestic fuel makers at a time when Americans are already facing record high pump prices.

Crude prices declined as traders weighed new US sanctions pressure on Tehran.

China's oil demand probably peaked last year, earlier than previous estimates, according to the head of the nation's top refiner.

Tunneling for the 2.2-kilometer Grain to Tilbury high-voltage cable tunnel beneath southern England's primary river surpassed the halfway point.