Rigzone Oil & Gas Headlines
- Spiking energy prices, more U.S. tariffs, and mushrooming spending on artificial intelligence are reawakening investors' inflation fears.
- Crude declined after reports on US-Iran diplomacy and continued Red Sea oil flows reduced immediate supply concerns.
- The company, which helps clients drill oil wells and map underground pockets of crude, said the conflict is encouraging customers to spread investment across more regions.
- Rystad Energy mapped four potential U.S.-Iran conflict scenarios to assess their impact on oil prices.
- Offshore Energies UK announced that its CEO, David Whitehouse, had a 'constructive meeting' with the UK's new Secretary of State for Energy.
- Oil climbed above $100 a barrel after Houthi attacks on Saudi tankers heightened fears of broader supply disruptions.
- Oil is rocketing towards $100 per barrel, adding more than $14 in just a week.
- UK Prime Minister Andy Burnham has selected his energy team.
- Brent settled above $94 as traders weighed growing geopolitical risks and the potential for prolonged supply disruptions.
- Power blackouts hit energy-rich North Africa from Libya to Tunisia and Algeria.