Rigzone Oil & Gas Headlines
- The Trump administration has eased recent export limits on a critical petroleum product that's used to make plastics.
- Geopolitical tensions eased, but market uncertainty remains with sanctions, diplomacy, and OPEC+ talks in focus.
- Enverus announced that it has released its annual list of 'the most prolific 100 private oil and gas producers in the United States'.
- Industry body Offshore Energies UK said the UK government's new industrial strategy is welcome 'but must harness the UK's whole energy mix'.
- 'The logic of war has failed – return to the logic of diplomacy', Iran's mission to the UN said.
- Trump eased investor fears by reaffirming pressure on Iran despite recent mixed signals.
- Polls show a significant minority of Albertans are interested in exploring independence from Canada, partly because they're frustrated about environmental rules that limit the development of oil and gas.
- 'We do not think any increase in general Middle East risk or other geopolitical implications was priced in; the Strait of Hormuz was the key factor', analysts at Standard Chartered Bank said.
- Angolan President Joao Lourenco called on U.S. companies to expand their investments in Africa beyond traditional oil and mineral extraction.
- Oil fell sharply as Trump pushed for peace and signaled support for Iranian exports.