Industry News

The number of employees in the oil and gas extraction industry hit a post pandemic September low, data on the U.S. Bureau of Labor Statistics website showed.

The energy market continues to mistake adaptation for normalization, Standard Chartered Bank Energy Research Head Emily Ashford said.

Saudi Arabia's ability to supply energy remains resilient amid major market and security turmoil, Energy Minister Prince Abdulaziz bin Salman said, as the kingdom suffers attacks on energy and aviation infrastructure.

Eni completed installing what it said is 'the first purpose-built offshore platform dedicated to carbon capture and storage for industrial decarbonization in the world'.

Russia's oil product shipments climbed to a three-month high in September.

Oil prices edged higher as Middle East tanker attacks and Hurricane Isaias heightened supply concerns.

Australia is set to unveil the final version of a controversial plan to force liquefied natural gas producers to reserve as much as a fifth of their output for local buyers.

'Selling a relatively mature asset into a strong commodity price environment improves our go-forward capital efficiency and allows us to accelerate share buybacks, strengthen our balance sheet and increase long-term value for shareholders'.

With a projected capital of $3.5 billion, the agreed program for the onshore Cabimas and Delta blocks forecasts production of up to 150,000-160,000 bpd for over 10 years.

Commercial crude oil stocks, not including the SPR, came in at 424.134 million barrels on October 2, the EIA revealed.

Ukraine said it attacked Lukoil PJSC's Ukhta oil-processing plant, the fourth Russian refinery it's hit so far this week.

IEA member governments 'expressed support for accelerating the oil stock releases announced in the Collective Action of March 2026', IEA Executive Director Fatih Birol said.

'These will be profitable barrels that can help maintain activity and production on the Gullfaks field'.

That represents 34.77 percent of the 371 manned platforms in the Gulf of America, the Marine Minerals Administration highlighted.

That represents 32.61 percent of the 371 manned platforms in the Gulf of America, the Marine Minerals Administration highlighted.

Saudi Arabia and the United Arab Emirates will support a Japanese initiative to bolster oil supplies in Southeast Asia after war-driven disruptions heightened concerns over energy security.

Crude posted its biggest gain in a month amid Middle East tensions and hurricane-related production cuts.

Supertankers are racing to the Middle East to cash in on soaring fees for carrying oil through the Strait of Hormuz.

Brazos Midstream completed the divestment of its Midland Basin natural gas gathering and processing infrastructure to ONEOK for $4.425 billion.

The U.S. Energy Information Administration raised its 2026 Brent crude oil spot price forecast by more than $5 per barrel and its 2027 Brent price forecast by $10 per barrel.