Industry News

Oil slumped the most in a month.

The U.S. Department of Energy has announced several additional Biden-Harris administration appointees.

Positive movement in the offshore oil and gas markets has led to Esvagt, a provider of safety and support at sea, recently signing several contracts, the company has revealed.

Oil traded near $72 a barrel as investors weighed signs of a tightening global crude market against the Federal Reserve's decision to start moving toward an end of its ultra-easy monetary policy.

The WTI edged upward and the Brent moved closer to the psychologically significant $75 mark.