Industry Headlines News for Europe & Russia


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Analyst Explains Friday's Oil Price Rise Share your comments
Rigzone talks to Rebecca Babin, a senior equity trader for CIBC Private Wealth in New York.
10:56 AM EST | March 06, 2026
JMIC Says Strait of Hormuz Shipping is at Near Total Halt Share your comments
Maritime traffic in the Strait of Hormuz has ground to a near-complete halt, with no oil shipments going through in the past 24 hours.
9:30 AM EST | March 06, 2026
War Sees Energy Exporters Scramble for Routes Out of Gulf Share your comments
The widening conflict in the Middle East is stoking fears over a global energy crunch.
9:23 AM EST | March 06, 2026
Analysts See 'Significant Yet Short Lived' Oil Price Rallies Share your comments
Analysts at BMI, a Fitch Solutions company, revealed that they expect 'significant yet short lived rallies in oil and gas prices'.
7:22 AM EST | March 06, 2026
UK Oil, Gas Industry Meets with Chancellor Share your comments
'At a time of huge global uncertainty, the UK should be making decisions for the long term in the interests of energy security', OEUK CEO David Whitehouse said.
5:21 AM EST | March 06, 2026
Oil Settles Near 20-Month High
Oil prices surged to their highest levels in nearly two years as the Middle East conflict threatens global energy flows.
5:04 PM EST | March 05, 2026
Maritime Groups Comment on Middle East Situation Share your comments
INTERTANKO and OCIMF have issued a joint statement on the situation in the Middle East.
10:35 AM EST | March 05, 2026
Saudi Arabia Races to Reroute Oil Share your comments
Saudi Arabia is diverting millions of barrels of oil to its Red Sea ports.
9:46 AM EST | March 05, 2026
JP Morgan Warns DFC Insurance Cap is Too Small for the Risk Share your comments
J.P. Morgan analysts highlighted that 'to reopen the Strait, President Trump announced on Tuesday that the U.S. will escort and insure all commercial vessels transiting Hormuz, leveraging the DFC'.
7:26 AM EST | March 05, 2026
Are We Heading for an All-Out War in the Middle East? Share your comments
Rigzone talks to Benjamin Zycher, a Senior Fellow at the American Enterprise Institute, and Doug Bandow, a Senior Fellow at the Cato Institute.
6:28 AM EST | March 05, 2026
EU Sees No Energy Supply Concern from Mideast War for Now Share your comments
The EU does not expect immediate impact from the fresh Middle East conflict on the security of oil and gas supply in the bloc, even amid a stoppage of flows from the Druzhba oil pipeline.
5:12 AM EST | March 05, 2026
Crude Volatile as Hormuz Risks Increase
Oil fluctuated as the Iran war disrupts Gulf energy flows and threatens global supply routes.
3:54 PM EST | March 04, 2026
North America Drops 11 Rigs WoW Share your comments
North America dropped 11 rigs week on week, according to Baker Hughes' latest North America rotary rig count.
10:26 AM EST | March 04, 2026
Russian Oil Remains Cheap Share your comments
Russia's flagship crude blend is still trading at deep discounts despite a global oil rally.
9:55 AM EST | March 04, 2026
Analyst Outlines 2 Potential Scenarios for Conflict Share your comments
Oil prices rise in both scenarios.
5:27 AM EST | March 04, 2026
Oil Rally Pauses After Trump Pledge
Brent jumped 11% in two days before Trump's escort pledge cooled the rally.
4:13 PM EST | March 03, 2026
UAE Reports Major Fire at Fujairah Oil Hub Share your comments
Falling debris from an intercepted drone caused a major fire at the United Arab Emirates oil trading hub of Fujairah.
1:00 PM EST | March 03, 2026
Oil is Iran's Weapon of Choice Share your comments
'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.
10:34 AM EST | March 03, 2026
UK, Texas Industry Bodies Comment on Middle East Conflict Share your comments
OEUK and TXOGA have both issued statements on the ongoing conflict in the Middle East.
7:08 AM EST | March 03, 2026
Analysts Warn of Largest Oil Supply Disruption in History Share your comments
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.
5:45 AM EST | March 03, 2026
Crude Jumps on Iran War Escalation
Oil prices surged as conflict disrupted Hormuz shipping and refinery operations.
4:52 PM EST | March 02, 2026
Hopes for Suez Canal Revival Dashed Share your comments
Shippers are once again avoiding the Suez Canal as the U.S. and Israel are locked in a war with Iran.
8:30 AM EST | March 02, 2026
Oil Could Pass $100 as Strait of Hormuz Traffic Halts Share your comments
Higher oil and gas prices are certain, Wood Mackenzie said.
4:51 AM EST | March 02, 2026
Tankers Halt Near Hormuz After Attacks
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.
1:47 PM EST | February 28, 2026
Crude Jumps as Iran Risks Mount
Oil prices surged as traders weighed escalating US-Iran tensions and strike risks.
4:40 PM EST | February 27, 2026
Why Is the Oil Price Rising Today? Share your comments
Rigzone talks to several analysts.
10:10 AM EST | February 27, 2026
Tanker Carrying Russian Oil Diverts From Cuba Share your comments
A tanker believed to be carrying Russian oil to fuel-starved Cuba diverted away.
9:32 AM EST | February 27, 2026
Oil Market Is Nervous for the Coming Weekend Share your comments
'The market is getting nervous for what might happen during the weekend', SEB analysts warned.
6:37 AM EST | February 27, 2026
Oil Settles Mixed as Iran Talks Continue
Crude prices eased despite cautious optimism surrounding ongoing talks in Geneva.
3:59 PM EST | February 26, 2026
Biggest Oil Cos Need to Find 22MM Bpd by 2040 Share your comments
'The main industry players can't spend their way out of the problem', Wood Mackenzie warned.
6:07 AM EST | February 26, 2026
Saudi Arabia, Iran Boost Oil Exports amid Rising Mideast Tensions Share your comments
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.
3:34 AM EST | February 26, 2026
Crude Volatile Ahead Of Iran Talks
Oil prices fluctuated as traders weighed Iran risks and supply signals.
4:47 PM EST | February 25, 2026
North Sea Oil Signals Weakness Share your comments
The North Sea crude market is flashing signs of weakness.
3:00 PM EST | February 25, 2026
EIA Sees USA Energy Demand Under 2025 Levels for Next 2 Years Share your comments
The U.S. Energy Information Administration projected that U.S. total energy consumption will remain below 2025 levels in both 2026 and 2027.
7:23 AM EST | February 25, 2026
Oil Extends Losses on Mideast Risks
Oil prices fell as traders reacted to renewed Iran nuclear deal speculation and geopolitical tensions.
3:53 PM EST | February 24, 2026
Shale Giant Says Threat of Oil Glut Is Receding Share your comments
As recently as mid-December, the prevailing outlook among respected oil watchers was that a huge surfeit was in the making that would send crude prices tumbling.
3:00 PM EST | February 24, 2026
Trump Eyes Post-State of the Union Texas Trip Share your comments
President Donald Trump will head to Texas on Friday.
9:00 AM EST | February 24, 2026
Oil Market Remains Firmly in Wait and See Mode Share your comments
The oil market 'remains firmly in wait and see mode', according to SEB Commodities Analyst Ole R. Hvalbye.
6:13 AM EST | February 24, 2026
Oil Resilient Amid Middle East Tensions
Banks said the rally reflects risk premiums rather than tight physical supply.
3:46 PM EST | February 23, 2026
Oil Cos Get Supreme Court Hearing on Climate Suits Share your comments
The U.S. Supreme Court agreed to hear an appeal by Exxon Mobil Corp. and Suncor Energy Inc. in an industry bid to stop dozens of city and state lawsuits that blame oil companies for climate change.
3:00 PM EST | February 23, 2026
North America Adds Rigs Week on Week Share your comments
North America added two rigs week on week, according to Baker Hughes' latest North America rotary rig count.
10:38 AM EST | February 23, 2026
Analysts Examine What Tariff Decision Means for Oil Share your comments
'The stick is now the same size for everyone', Rystad Chief Economist Claudio Galimberti warned.
5:47 AM EST | February 23, 2026
YPF Chief Readies War Chest for Shale Push Share your comments
YPF SA is setting aside funds to keep spending in the fast-growing Vaca Muerta basin even if oil prices fall this year.
7:00 AM EST | February 21, 2026
Oil Holds Near Six-Month High
Geopolitical tensions and falling inventories supported crude.
3:50 PM EST | February 20, 2026
Surging Oil Tanker Rates Tipped to Go Even Higher Share your comments
The cost to hire oil supertankers could be headed for the highest levels this decade.
10:13 AM EST | February 20, 2026
BOEM Proposes 3rd GOA Lease Sale Share your comments
BOEM has announced a proposed notice of sale for the third offshore oil and gas lease sale under the One Big Beautiful Bill Act.
7:08 AM EST | February 20, 2026
Morningstar Predicts Likeliest Iran Outcome Share your comments
Morningstar Equity Director Joshua Aguilar reveals what the company is predicting.
6:03 AM EST | February 20, 2026
Oil Settles At Six-Month High
Traders priced in geopolitical risk and falling US stockpiles.
3:49 PM EST | February 19, 2026
Oil Extends Wednesday Rally Share your comments
'There is room for further upside', SEB Commodities Analyst Ole R. Hvalbye said.
5:57 AM EST | February 19, 2026
Crude Surges as Iran Risks Grow
Oil prices surged as traders reacted to rising Iran conflict risks.
4:59 PM EST | February 18, 2026
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