Read the latest news articles relating to the oil and gas industry.
Vladimir Putin has hit Gazprom with an additional production tax to finance his war with Ukraine – Mikhail Metzel/Pool Sputnik Kremlin Kremlin-owned energy giant Gazprom suffered a col... Read more
Stocks that rode the China stimulus wave higher this week could soon be due for a decline. Last week, the People’s Bank of China unveiled a slate of support measures , including cuttin... Read more
The market is being bogged down by geopolitical risk amid escalating tensions in the Middle East , and the gains we’ve seen likely wouldn’t have been without the rise in oil and... Read more
Geopolitical tension continues to escalate in the Middle East. Crude oil is nearly $10 higher since October officially kicked off. I believe the price of WTI crude will push even higher in O... Read more
Oil prices would spike by $10 to $20 per barrel if an Israeli strike knocks out 1 million barrels per day of Iranian production over a sustained period, according to Goldman Sachs. U.S. crud... Read more
“The National Iranian Tanker Company (NITC) appears to be fearing an imminent attack by Israel,” one tanker tracking firm wrote. Fifteen miles off Iran’s northwestern coast... Read more
The oil price rally, which puts crude futures on track for gains of around 8% week-to-date, has surprised many market observers in that it appears to be somewhat subdued given what’s a... Read more
Oil prices could shoot up $20 per barrel if Iranian production sees a hit resulting from Israeli retaliation, said Goldman Sachs. Iran, which is a member of OPEC, is a key player in the glo... Read more
Asia-Pacific markets traded mixed on Friday. This follows after losses on Wall Street, with concerns over Middle East tensions keeping investors on edge. U.S. crude futures rose around 5% ov... Read more
Video footage shows the moment Yemen’s Houthi rebels launched an explosive-laden drone boat into a British oil tanker in the Red Sea. Footage released by the Houthi group shows a massive exp... Read more