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Oil prices fell as more tankers resumed transiting the Strait of Hormuz and additional supplies entered the market following the US-Iran interim peace deal.
Analysts at BMI projected the evolution of oil and gas markets through to 2050 in a report sent to Rigzone recently.
Iran is racing to court some of Asia's largest oil buyers as a 60-day U.S. sanctions waiver takes effect.
Crude declined after the US approved limited Iranian oil sales and shipping through the Strait of Hormuz continued to recover.
The Treasury Department issued a temporary, 60-day license allowing Iran to sell some of its energy exports through August 21, a sweeping change after years of increasingly punitive economic sanctions...
Oil prices rose as delayed US-Iran negotiations and slower tanker traffic through Hormuz renewed supply concerns.
Markets expect Middle East oil flows to recover, though analysts warn supply risks remain.
President Donald Trump signed an interim deal to end the war with Iran and reopen the Strait of Hormuz, speeding up the timeline for the agreement to go into effect despite blowback from Republicans w...
Oil edged higher, but prices remain under pressure as a US-Iran peace deal could restore major supplies to the market.
Oil fell for a fourth straight session as a US-Iran deal to reopen the Strait of Hormuz improved expectations for increased crude supply.
The U.S. Energy Information Administration raised its Henry Hub spot price forecasts for 2026 and 2027 in its latest short term energy outlook.
Oil prices plunged after the US and Iran agreed to an interim deal aimed at reopening the Strait of Hormuz.
Oil prices fell sharply as hopes grew for a Hormuz reopening agreement between the US and Iran.
Oil fell sharply after Trump signaled progress toward a potential peace deal with Iran.
Rystad Energy estimated that if U.S.-Iran 'hostilities were to resume in earnest', oil prices could 'move towards $150 per barrel'.
The U.S. military launched strikes against 'multiple' targets in Iran for the second straight day.
Oil prices rose after Trump warned Iran of further US attacks.
A tanker that has previously carried Iranian oil suffered a fire in the Gulf of Oman, maritime security companies and local navies said.
The number of oil tankers crossing Egypt's Suez Canal surged by almost a third in April and drove revenue to the highest since early 2024.
'Cumulative losses have now reached one billion barrels and are on track to nearly double by year-end under our base case', Rystad Energy MENA Research Director Aditya Saraswat said.
You can choose to embrace it or ignore it. You can choose to pretend it does not apply to you. But the one thing you likely will not be able to do is work as a pipeline inspector without it after 2018. What is it you ask? It is the American Petroleum Institute Pipeline Inspector Certification; better known as the API 1169. Possibly a thorn in the side for many inspectors but for the industry it is a sure step forward in the right direction; joining the other sectors of oil & gas.
Questions surround the API 1169 exam requirements, purpose, and what individuals need to do in order to properly prepare for the certification that will likely keep them employed in their careers. Training options have been multiplying as the popularity of the API 1169 has hit the mainstream. Inspectors should perform their research and due diligence to adequately make an informed choice when it comes to the training course they attend.