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House Votes to Sanction China's Purchase of Iranian Oil
The legislation was approved by a 383-11 vote.
11:26 AM EST | April 16, 2024
North America Breaks Rig Loss Streak
North America added rigs week on week, according to Baker Hughes' latest rotary rig count.
8:00 AM EST | April 16, 2024
An Already Bad Situation in the Red Sea Just Got Worse
'An already bad situation in the Red Sea and Gulf of Aden has just got worse,' Xeneta Chief Analyst Peter Sand said.
2:09 AM EST | April 16, 2024
Oil Markets Were Already Positioned for Iran Attack
'The market had been bracing for this scenario', analysts at FGE said.
1:57 AM EST | April 16, 2024
Oil Falls as Traders Anticipate Israeli Retaliation Against Iran
Oil retreated from session lows as traders await Israel's response to an unprecedented attack from Iran.
3:32 PM EST | April 15, 2024
House to Vote on China's Iranian Oil Imports After Israel Attack
The U.S. House of Representatives is poised to vote Monday on legislation aimed at countering China's purchase of Iranian crude oil.
3:00 PM EST | April 15, 2024
Is The Iran Nuclear Deal Revival Project Dead?
'There has been no meaningful progress on either side', the President of Transversal Consulting told Rigzone.
10:07 AM EST | April 15, 2024
BMI Reveals Latest Henry Hub Price Forecasts
BMI revealed its latest Henry Hub front month natural gas price forecasts out to 2028.
10:00 AM EST | April 15, 2024
EIA Raises WTI Oil Price Forecasts
The U.S. Energy Information Administration raised its West Texas Intermediate oil price forecast for 2024 and 2025.
7:19 AM EST | April 15, 2024
BMI Says Australia's LNG Exports Will Drop This Year
Australia's liquefied natural gas (LNG) exports will drop this year, continuing a trend from last year after reaching a record high in 2022.
6:00 AM EST | April 15, 2024
ExxonMobil Makes FID on 6th Project in Contested Guyana Asset
Whiptail, the sixth project on the Stabroek block, is expected to add approximately 250,000 barrels of daily capacity by the end of 2027.
4:00 AM EST | April 15, 2024
What's Next for Oil? Analysts Weigh In After Iran's Attack
Oil futures were barely moved by Iran's unprecedented attack on Israel.
3:56 AM EST | April 15, 2024
Venezuela Authorities Arrest Two Senior Energy Officials
The arrest of vice minister for oil Erick Perez and vice minister for gas Juan Santana followed the detention of a former oil minister amid a probe into billions of lost PDVSA revenue.
3:23 AM EST | April 15, 2024
USA, Venezuela Secretly Meet in Mexico as Oil Sanctions Deadline Nears
U.S. officials met secretly this week with members of Venezuelan President Nicolás Maduro's administration.
5:00 PM EST | April 12, 2024
Oil Rises as Israel Braces for Iranian Attack
Oil rose as Israel braced for a possible attack from Iran, a development that would threaten major disruptions in a region that accounts for a third of the world's crude output.
3:49 PM EST | April 12, 2024
Macquarie Strategists Warn of Large Oil Price Correction
Macquarie strategists said they 'expect oil to turn bearish as the year progresses'.
11:12 AM EST | April 12, 2024
BLS Flags Gasoline Role in March Consumer Price Index
'The index for shelter rose in March, as did the index for gasoline'.
7:21 AM EST | April 12, 2024
EIR Says Oil Demand Will Not Peak Before 2030
'EIR expects global oil demand to grow to approximately 108 million barrels per day by 2030'.
4:56 AM EST | April 12, 2024
Oil Falls as Surging Stockpiles Outweigh Iran Risk
Oil gave up the previous day's gains as swelling US stockpiles overshadowed the possibility of an attack on Israel by Iran or its proxies.
4:00 PM EST | April 11, 2024
USA Crude Oil Stocks Rise Almost 6MM Barrels WoW
U.S. crude oil stocks stood at 457.3 million barrels on April 5, the EIA revealed.
11:04 AM EST | April 11, 2024
Russia Destroys Largest Power Plant in Ukraine's Kyiv Region
A sweeping Russian missile attack on Ukraine destroyed the largest power generating plant in the Kyiv region.
10:00 AM EST | April 11, 2024
EIA Ups Brent Oil Price Forecast for 2024 and 2025
The U.S. Energy Information Administration increased its average Brent spot price forecast for 2024 and 2025 in its latest short term energy outlook.
7:42 AM EST | April 11, 2024
Chevron CEO Pay Rose 12 Percent to $26.5MM Last Year on Pension
Chevron Corp. Chief Executive Officer Mike Wirth's pay jumped 12 percent to $26.5 million last year.
4:06 AM EST | April 11, 2024
Russian Oil Is Once Again Trading Far Above the G-7 Price Cap Everywhere
Russian oil is trading far in excess of a Group of Seven price cap that's supposed to deprive Moscow of revenue for its war in Ukraine.
5:00 PM EST | April 10, 2024
Oil Rises After News of Imminent Strike on Israel
Oil reversed earlier losses and quickly moved higher after it was reported that the US and its allies believe major missile or drone strikes by Iran or its proxies against military and government targets in Israel are imminent.
3:40 PM EST | April 10, 2024
NERC SVP Says Today's Threat Landscape is Dynamic
The Senior Vice President of the North American Electric Reliability Corporation said today's threat landscape is dynamic, presenting challenges that are increasingly difficult to detect and protect against.
11:37 AM EST | April 10, 2024
Dryad Flags Red Sea 'Electronic Warfare' Alert
In its latest Maritime Security Threat Advisory, Dryad Global flagged an 'electronic warfare/interference' alert in the Red Sea.
7:33 AM EST | April 10, 2024
JPMorgan CEO Says LNG Projects Delayed Mainly for Political Reasons
'The projects were delayed mainly for political reasons, to pacify those who believe that gas is bad and that oil and gas projects should simply be stopped'.
5:38 AM EST | April 10, 2024
Vitol Sees Oil at $80-$100 This Year With Strong Demand Growth
Crude prices are likely to stay between $80 and $100 a barrel this year, according to Vitol Group.
5:00 PM EST | April 09, 2024
Oil Falls as Traders Weigh Middle East Dangers
Oil fell to settle near $85 a barrel, dropping from a five-month high alongside lower equities, as traders assessed diplomatic efforts in the Middle East.
3:19 PM EST | April 09, 2024
One Dead in PEMEX Platform Fire
PEMEX revealed that a fire broke out on one of the platforms of the Akal-B Process Center in the Campeche Sound.
7:11 AM EST | April 09, 2024
Prepare for Higher Prices, Chief Commodities Analyst Warns
Prepare for more turmoil, lower inventories, and higher prices, Bjarne Schieldrop, the Chief Commodities Analyst at SEB said in a report sent to Rigzone.
5:30 AM EST | April 09, 2024
NESA On Track to Support 700+ People Access Fully Funded ET Course Places
'NESA has made over 700 fully funded places available to people from postcodes in Aberdeen city, Aberdeenshire, and Moray over the academic year 2023/24'.
4:30 AM EST | April 09, 2024
Oil Drops as Geopolitical Tensions Show Signs of Easing
Oil dropped below $90 a barrel after Israel said it would remove some troops from Gaza, with crude's recent rally now facing technical resistance as geopolitical friction shows signs of easing.
3:56 PM EST | April 08, 2024
North America Loses More Rigs
North America continued its rig loss streak, according to Baker Hughes.
11:02 AM EST | April 08, 2024
Chesapeake-Southwestern Merger Delayed as FTC Requests More Info
Chesapeake said that the merger is now expected to be completed in the second half of the year.
7:35 AM EST | April 08, 2024
Draft Energy Transition Related Principles Published for North Sea Players
'Stakeholders in the UK offshore sector will be asked to commit to a set of principles to help the sector achieve the energy transition through digitalization'.
5:12 AM EST | April 08, 2024
Senegal's New Leader Announces Audit of Oil, Mining Industries
The West African nation is preparing to open the taps this year on the $4.8 billion Grand Tortue Ahmeyim liquefied natural gas project.
8:00 AM EST | April 06, 2024
Saudi Arabia Hikes Key Oil Prices Further as Market Tightens
Saudi Arabia hiked the price of its flagship crude to its main buyers in Asia for next month.
5:00 PM EST | April 05, 2024
Oil Holds Above $90 as Middle East Tensions Rise
Oil held above the $90-a-barrel threshold as escalating tensions in the Middle East prompt a dramatic repricing of geopolitical risks.
3:57 PM EST | April 05, 2024
USA Gasoline Price Higher Than a Year Ago
The average U.S. regular gasoline price is higher than a year ago, according to data on the AAA Gas Prices website.
11:01 AM EST | April 05, 2024
Oil's Under the Hood Signals Tell Tale of Very Bullish Market
The global oil market has gone from languid to lively in the space of a few weeks.
10:00 AM EST | April 05, 2024
Analysts Look at SLB-ChampionX Deal
EIR said SLB acquiring ChampionX 'is a play to capture upstream OPEX for the future'.
8:00 AM EST | April 05, 2024
Chief Commodities Analyst Says OPEC+ Is In Full Control
The Chief Commodities Analyst at SEB said 'OPEC+ wants a nice price'.
6:07 AM EST | April 05, 2024
Brent Hits $90 Amid Rising Geopolitical Tensions
Brent crude climbed above $90 a barrel for the first time since October as the conflict in the Middle East showed signs of escalating.
3:40 PM EST | April 04, 2024
USA Crude Oil Stocks Rise WoW
U.S. crude oil stocks, not including the SPR, stood at 451.4 million barrels on March 29, according to the EIA.
12:50 PM EST | April 04, 2024
Analysts Flag 'Remarkable Feature' of 2024 Oil Price Rally
Analysts have looked at 'one of the remarkable features of this year's oil price rally'.
5:33 AM EST | April 04, 2024
Oil Edges Higher as OPEC Affirms Supply Cuts
Oil edged higher, extending a rally that has brought prices to a five-month high, after OPEC+ ministers affirmed current supply cuts.
3:26 PM EST | April 03, 2024
Pembina Closes Acquisition of Enbridge's Canada-US Midstream Assets
'This acquisition grows and strengthens our existing franchise and provides greater exposure to resilient end-use markets'.
8:00 AM EST | April 03, 2024
New Poll Says No Clear Leader in Biden-Trump Matchup
'Way too close to call on the head to head, and even closer when third party candidates are counted,' Quinnipiac University Polling Analyst Tim Malloy said.
6:40 AM EST | April 03, 2024
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