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Oil fluctuated as the Iran war disrupts Gulf energy flows and threatens global supply routes.
North America dropped 11 rigs week on week, according to Baker Hughes' latest North America rotary rig count.
Russia's flagship crude blend is still trading at deep discounts despite a global oil rally.
Oil prices rise in both scenarios.
Brent jumped 11% in two days before Trump's escort pledge cooled the rally.
Falling debris from an intercepted drone caused a major fire at the United Arab Emirates oil trading hub of Fujairah.
'Oil is Iran's weapon of choice, and the U.S. gasoline pump is part of the battlefield', SEB Chief Commodities Analyst Bjarne Schieldrop warned.
OEUK and TXOGA have both issued statements on the ongoing conflict in the Middle East.
The war between the United States and Israel against Iran has the potential to be the largest oil supply disruption in history, S&P Global has warned.
Oil prices surged as conflict disrupted Hormuz shipping and refinery operations.
Shippers are once again avoiding the Suez Canal as the U.S. and Israel are locked in a war with Iran.
Higher oil and gas prices are certain, Wood Mackenzie said.
Tankers are avoiding the Strait of Hormuz after joint US and Israeli strikes on Iran, with some vessels halting or reversing course amid warnings the waterway may be unsafe.
Oil prices surged as traders weighed escalating US-Iran tensions and strike risks.
A tanker believed to be carrying Russian oil to fuel-starved Cuba diverted away.
'The market is getting nervous for what might happen during the weekend', SEB analysts warned.
Crude prices eased despite cautious optimism surrounding ongoing talks in Geneva.
'The main industry players can't spend their way out of the problem', Wood Mackenzie warned.
Saudi Arabia is on course to export the most crude in almost three years this month, while Iran has been rapidly filling up tankers in recent days.
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.