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Rystad Energy warned that 2.5 million barrels per day of Saudi oil is at risk as the Houthis 'threaten to enact [a] naval blockade'.
'Energy policy cannot be made in Westminster alone', OEUK said.
Oil settled higher as escalating Middle East tensions fueled supply concerns despite diplomatic efforts.
The U.S. Energy Information Administration edged up its U.S. total energy consumption projections for 2026 and 2027 in its latest short term energy outlook.
The Houthis, an Iran-backed Yemeni group, vowed to impose a maritime blockade on Saudi Arabia.
'Continued attacks or tighter passage through the Strait of Hormuz could keep Brent supported above $90 and increase the risk of a move toward $100 per barrel', Naeem Aslam, CIO at Zaye Capital Market...
Amundi wants the EU to free asset managers to add oil and gas exposures to a new fund category intended to support the transition to a lower-carbon economy.
Companies including Obsidian Energy Ltd. and Yangarra Resources Corp. are breathing new life into a long-dormant gas reservoir - except now they're drilling for oil.
Traders boosted bullish oil bets as geopolitical tensions increased risks to global energy and fuel markets.
Within days of taking office incoming Prime Minister Andy Burnham is preparing to announce new drilling for oil and gas in the North Sea.
Rystad Energy revealed that it has revised its U.S.-Iran scenario framework 'following a renewed deterioration in security conditions around the Strait of Hormuz'.
Traders balanced profit-taking against ongoing concerns over disruptions to oil flows through Hormuz.
Ukrainian naval drones hit two large Russia-linked oil tankers in the Black Sea.
Rigzone talks to analysts from Hartree Partners and Energy Aspects.
India has directed ship owners, ship managers and recruitment agencies to stop deploying the country's seafarers on vessels going through the Strait of Hormuz.
The U.S. struck Iran for a fifth straight day overnight and hit a sanctioned oil tanker near the country's main export terminal.
Oil prices rose as the US intensified strikes on Iran, heightening concerns over Middle East crude supplies despite weaker US fuel demand data.
The U.S. Energy Information Administration raised its Henry Hub natural gas spot price projection for 2026 and 2027 in its latest short term energy outlook.
Fresh U.S. threats to impose sanctions on countries buying Russian oil may complicate ongoing trade negotiations between Washington and New Delhi, according to people familiar with the matter.
The number of employees in the oil and gas extraction industry dropped from May to June, data on the U.S. Bureau of Labor Statistics website showed.
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.