Oil & Gas Industry News

U.S. President Donald Trump said he'll only consider a halt to attacks on Iran when the Strait of Hormuz is reopened.

'This was not simply an oil rally', Ole Hansen, Saxo Bank's Head of Commodity Strategy, said.

Oil prices plunged today on fresh de-escalation hopes, Naeem Aslam, CIO Zaye Capital Markets, said.

'The UK government faces renewed pressure to change its policy on the North Sea', Wood Mackenzie said.

Another Greek-controlled oil tanker has crossed the Strait of Hormuz.

Oil declined as Iran and the US signaled potential de-escalation despite ongoing supply disruptions.

The U.S. Energy Information Administration announced that it is launching three voluntary pilot field studies to evaluate energy consumption in data centers.

President Donald Trump lashed out at allies for not supporting the U.S. war in Iran.

Crude oil markets are holding firm in a geopolitically driven but macro-sensitive environment, Naeem Aslam, CIO at Zaye Capital Markets, said.

The U.S. Embassy in Venezuela is formally resuming operations Monday.