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Russian seaborne oil flows are closely watched by the market to assess its production since official data has been classified.
WTI held above $65 as OPEC+ considered further production increases for August.
The cost of shipping Middle East crude to customers in Asia collapsed on Thursday.
Eli Rubin, an energy analyst at EBW Analytics Group, highlighted an 'implosion over the past week' in the July natural gas contract.
The Trump administration has eased recent export limits on a critical petroleum product that's used to make plastics.
Geopolitical tensions eased, but market uncertainty remains with sanctions, diplomacy, and OPEC+ talks in focus.
Enverus announced that it has released its annual list of 'the most prolific 100 private oil and gas producers in the United States'.
Industry body Offshore Energies UK said the UK government's new industrial strategy is welcome 'but must harness the UK's whole energy mix'.
'The logic of war has failed - return to the logic of diplomacy', Iran's mission to the UN said.
Trump eased investor fears by reaffirming pressure on Iran despite recent mixed signals.
Polls show a significant minority of Albertans are interested in exploring independence from Canada, partly because they're frustrated about environmental rules that limit the development of oil and g...
'We do not think any increase in general Middle East risk or other geopolitical implications was priced in; the Strait of Hormuz was the key factor', analysts at Standard Chartered Bank said.
Angolan President Joao Lourenco called on U.S. companies to expand their investments in Africa beyond traditional oil and mineral extraction.
Oil fell sharply as Trump pushed for peace and signaled support for Iranian exports.
The UK government is poised to reject a controversial plan to divide the nation's electricity market into zones, according to people familiar with the matter.
The total North America rig count remained unchanged week on week, according to Baker Hughes' latest North America rotary rig count.
Hours after Trump's declaration of a truce, Israel detected missile launches.
The oil market is now factoring in a one in five chance of a material disruption in Gulf energy production flows, analysts at J.P. Morgan said in a research note sent to Rigzone on Monday.
'The Iran-Israel War may not yet be over', Erik Meyersson, Chief EM Strategist at SEB, warned.
Iran fired missiles at a U.S. base in Qatar in a seemingly symbolic and pre-warned strike.
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.