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Oil rose as tight global supplies outweighed optimism over a potential US-Iran deal to reopen the Strait of Hormuz.
Commercial crude oil stocks, not including the SPR, came in at 426.39 million barrels on September 18, the EIA's latest weekly petroleum status report revealed.
Saudi Arabia has sold almost 100 million barrels of oil to Asian buyers since the middle of last week, according to traders familiar with the matter.
Amplitude Energy announced that one of its workers had passed away following a shark attack.
China's oil and gas demand outlook has weakened materially in 2026, analysts at BMI said.
Brent rose nearly 4% as tight fuel supplies, Hormuz risks and diesel export concerns drove trading.
The U.S. Energy Information Administration raised its U.S. crude oil production forecasts for both 2026 and 2027 in its latest short term energy outlook.
Imperial Oil Ltd came out against Alberta separatism.
The U.S.-Iran conflict has changed the definition of an available barrel, Ole Hvalbye, Partner at ABG Sundal Collier, told Rigzone.
Macquarie strategists, including Thierry Wizman, Global FX and Rates Strategist at Macquarie Group, noted that this was a 'critical week for oil'.
Oil slipped as Saudi Arabia moved to restart its East-West pipeline and traders weighed US-Iran diplomacy.
French President Emmanuel Macron called on European Commission President Ursula von der Leyen to relax rules on oil products like diesel and kerosene.
Global upstream mergers and acquisitions activity is on course to exceed last year's $175 billion total, Rystad Energy announced.
Saudi Arabia is in the early stages of starting up a key oil pipeline, people familiar with the matter said.
Texas upstream employment rose in August, the Texas Independent Producers and Royalty Owners Association (TIPRO) highlighted.
Oil fell as Saudi exports through Hormuz increased and hopes grew for diplomatic progress in the Iran war.
China said President Xi Jinping will travel to the U.S. to meet Donald Trump.
North America dropped six rigs week on week, according to Baker Hughes' latest North America rotary rig count.
AI companies and old-economy refiner stocks have at least one thing in common.
Has the oil market changed forever following the U.S.-Iran conflict?
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.