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The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.

Canada’s oil and natural gas sector is set to boost upstream capital expenditures to around US$30 billion this year

Preview Text: Crude continues to trade in a narrow bandwidth, but major data reports could have an impact this week.

Oil prices continued their sideways journey, with some bullishness emerging from weak US retail sales swiftly quashed by new escalation in the Middle East, with Israel attacking Rafah and the Houthis expected to retaliate soon.

Oil prices were holding steady after initially gaining 1% on Wednesday as the Israel-Hamas conflict gained momentum in Lebanon

Equity markets got caught off guard by higher-than-expected U.S. inflation figures, but crude prices have shown resilience.

Heavy carbon emitting manufacturers all over the world are making the switch to cleaner industrial processes such as low-carbon electricity for industrial heat and hydrogen-based steelmaking

Oil prices were falling by 2% on Friday morning and were headed to their biggest weekly decline since November 2023

A Reuters survey shows OPEC’s oil production plunging for the month of January, registering the biggest drop in output since July last year

West Texas Intermediate (WTI) climbed over 2.3% on Wednesday as rising tensions in two conflict zones outweighed supply and demand fundamentals that should have put downward pressure on crude prices