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Gunvor CEO Sees Russian Refining Capacity Taking Hit from Drone Strikes
'So that will probably take down exports by a couple of hundred thousand barrels'.
8:00 PM EST | March 18, 2024
Oil Market Sentiment Has Improved Significantly
'Brent oil prices have risen to a four-month high'.
8:00 PM EST | March 17, 2024
Bahrain Oil Field Wins USA Financing Despite Biden Climate Vow
The U.S. Export-Import Bank voted to provide a $500 million loan guarantee for an oil and gas development in Bahrain.
8:00 PM EST | March 15, 2024
Russia Hits Odesa After Ukraine Targets Oil Plant Near Moscow
Russia hit the Black Sea port of Odesa on Friday in a deadly missile attack, hours after Ukrainian drones targeted a small petrochemical plant near the Moscow region.
8:00 PM EST | March 14, 2024
Biden LNG Freeze Delaying Projects and Risking USA Market Share
The Biden administration's pause on new licenses for LNG exporters is already stalling progress for projects that were aiming to come online later this decade.
8:00 PM EST | March 14, 2024
Record Influx of USA Crude Hits Day to Day Oil Markets in Europe
Physical oil markets in Europe are weakening - quashing a rally.
8:00 PM EST | March 13, 2024
EIA and Standard Chartered Offer Up Latest Oil Price Predictions
The U.S. Energy Information Administration and Standard Chartered revealed their latest oil price predictions this week.
8:00 PM EST | March 13, 2024
Ukraine Hits Third Russian Refinery In Escalating Drone Strikes
Ukrainian drone attacks halted three oil refineries deep within Russian territory.
8:00 PM EST | March 12, 2024
BP and UAE's $2B Israel Gas Deal Suspended as War Rages
BP and the United Arab Emirates' state oil firm suspended a $2 billion bid to buy a major stake in Israel's NewMed Energy.
8:00 PM EST | March 12, 2024
DOE Looks to Purchase More Oil for SPR
'This is a continuation of DOE's strategy of consistent solicitations aimed at purchasing oil when it can purchase at a good deal for taxpayers'.
8:00 PM EST | March 12, 2024
Red Sea Region Sees Another Watershed Incident
Dryad Global noted that the Gulf of Aden and Red Sea 'have seen another watershed incident'.
8:00 PM EST | March 12, 2024
Surging Gasoline Prices Add Inflation Risk in USA Election Year
U.S. gasoline futures have jumped sharply in recent weeks.
8:00 PM EST | March 11, 2024
SEB Commodities Chief Analyzes Oil Price Moves
'Optimism for oil was tempered on Friday,' the commodities chief said.
8:00 PM EST | March 11, 2024
IPAA Disappointed in Biden's SOTU Address
'President Biden continues to divide us,' Independent Petroleum Association of America (IPAA) President and CEO Jeff Eshelman said.
8:00 PM EST | March 10, 2024
GlobalData Says These Themes Will Dictate Oil and Gas Outlook in 2024
'It is ... important for the oil and gas industry to assess the impact of these themes while charting out their growth plans,' GlobalData warned.
8:00 PM EST | March 10, 2024
YPF Says Fire Sale to Free Up $800MM for Shale Oil Push
State-run YPF SA said its sweeping plan to divest aging oil fields will free up hundreds of millions of dollars to invest in its shale push in the heralded Vaca Muerta formation.
7:00 PM EST | March 07, 2024
VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
'Coalition warships responded and are assessing the situation,' U.S. Central Command said.
7:00 PM EST | March 07, 2024
OEUK Says Windfall Tax Extension Is Disappointing Blow
'The industry is being taxed on windfall profits which no longer exist', OEUK said.
7:00 PM EST | March 07, 2024
Data Extracted from Flight Recorder of Crashed Helicopter
'The work of analyzing the data is ongoing', the NSIA said.
7:00 PM EST | March 06, 2024
Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension
Rystad Energy and Skandinaviska Enskilda Banken AB (SEB) offer their views.
7:00 PM EST | March 06, 2024
Vessel Sinks in Red Sea After Missile Strike
'The approximately 21,000 metric tons of ammonium phosphate sulfate fertilizer that the vessel was carrying presents an environmental risk in the Red Sea', U.S. Central Command said.
7:00 PM EST | March 05, 2024
Cenovus Blasts Canadian Government for Lack of Support for Carbon Capture
Cenovus Energy blasted the Canadian government for not providing enough financial support for the oil-sands industry's proposed $12.2 billion carbon capture system.
7:00 PM EST | March 05, 2024
Standard Chartered Looks at International Energy Week
'The fringe events have grown far beyond the scale of the eponymous official event,' Standard Chartered analysts said.
7:00 PM EST | March 05, 2024
Spain Urges EU to Take Tougher Stance on Russian LNG Imports
Spain has asked the European Union to take a tougher stance on Russian liquefied natural gas imports.
7:00 PM EST | March 04, 2024
Rystad, Macquarie Talk OPEC+ Cut Extension
Rystad Energy and Macquarie look at the latest OPEC+ developments.
7:00 PM EST | March 04, 2024
Russia Recovers From Ukraine Drone Strikes as Oil Refining Rises
Russian refineries' recovery from Ukrainian drone attacks helped the country's oil processing to pick up in the second half of February.
7:00 PM EST | March 04, 2024
Norway Safety Authority Finds Wreckage of Helicopter Crash
'The wreckage was found at 20.14 hours at approx. 220 meters depth,' the NSIA said.
7:00 PM EST | March 04, 2024
China Barred From Buying USA Oil Reserves in Funding Bill
Republican critics have sought to bar the sale of oil from the Strategic Petroleum Reserve to China.
7:00 PM EST | March 03, 2024
What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
Rigzone speaks to the Chertoff Group, Dryad Global, and International SOS.
7:00 PM EST | March 03, 2024
BofA Reveals Where it Sees The Oil Price Heading
In a BofA Global Research report sent to Rigzone this week, analysts revealed where they see the oil price heading in the near and mid-term.
7:00 PM EST | February 29, 2024
Europe Awash With Gas Is Set to Rely More on Ukraine for Storage
'European storage is at risk of hitting tank tops before the beginning of the heating season'.
7:00 PM EST | February 29, 2024
Has Oil and Gas Production Been Affected by the Texas Wildfires?
In a release posted on its website on February 29, the Texas A&M Forest Service noted that the largest wildfire in Texas history was actively burning that day.
7:00 PM EST | February 29, 2024
Exxon Plays Hardball With Chevron Over Guyana Oil Riches
It's rare for disputes between any of the world's supermajor oil companies to spill out in public.
7:00 PM EST | February 28, 2024
API Files Rehearing Application on Biden's LNG Pause
'The indefinite pause is unlawful,' the filing states.
7:00 PM EST | February 28, 2024
India Looks Elsewhere for Oil as USA Sanctions Crimp Russia Trade
Russia is still the dominant supplier to India.
7:00 PM EST | February 28, 2024
Texas Fires Threaten Nuclear Weapons Plant to Oil Refining
Rampaging wildfires burning through Texas are threatening everything from oil refineries to cattle ranches.
7:00 PM EST | February 27, 2024
Is There a Geopolitical Risk Premium in the Oil Price Right Now?
Rigzone speaks to oil market analysts.
7:00 PM EST | February 27, 2024
Saudi Chemical Behemoth Warns on Outlook After Surprise Loss
Saudi Arabia's top chemicals maker warned of 'considerable uncertainty' for the industry.
7:00 PM EST | February 26, 2024
Is Peak Oil Demand Close?
Rigzone speaks to several oil analysts to get their take.
7:00 PM EST | February 26, 2024
Qatar to Build New LNG Project as USA Stalls on Export Push
Qatar vies with the US and Australia as the biggest shipper of the fuel.
7:00 PM EST | February 25, 2024
Shortage of Oil Tankers at Hand as Red Sea Attacks Divert Trade
Just two new supertankers are due to join the fleet in 2024.
7:00 PM EST | February 25, 2024
UK Regulator Holds Platform Electrification Workshop with North Sea Bigwigs
Eleven operators, including BP, Harbour Energy, Repsol, Shell, and TotalEnergies, delivered presentations, the NSTA revealed.
7:00 PM EST | February 25, 2024
Damaged Pipeline Threatens to Stall Colombia Plan to Import Gas
Colombian state oil producer Ecopetrol SA announced in November it was looking into importing gas from Venezuela at the end of this year.
7:00 PM EST | February 21, 2024
JP Morgan, Standard Chartered Reveal Latest Oil Price Forecasts
J.P. Morgan and Standard Chartered revealed their latest Brent oil price forecasts in reports sent to Rigzone recently.
7:00 PM EST | February 21, 2024
Venezuela's State Oil Company Bonds Collapse After Court Ruling
Bonds from state-owned Petroleos de Venezuela SA collapsed after New York State's top court ruled Venezuelan law will determine whether the debt is valid.
7:00 PM EST | February 20, 2024
Scotland's Fuel Binge Offers Glimpse of Future Without Refinery
A boom in Scottish diesel imports offers a glimpse into the country's future energy security ahead of the potential closure of its only oil refinery.
7:00 PM EST | February 20, 2024
Dryad Flags Reported Incidents of Vessels Being Targeted in Red Sea
Dryad Global flags reported incidents of vessels being targeted while operating within the Red Sea and Gulf of Aden in its latest security advisory.
7:00 PM EST | February 20, 2024
IEA Defends Its Energy Models Against 'Green Censors' Criticism
One energy expert is now saying the IEA's forecasts have become politicized by its member countries' climate goals.
7:00 PM EST | February 19, 2024
Chevron Dollars Cool Venezuela's January Inflation to Decade Low
After a stretch of hyperinflation that neared an estimated 2 million percent a year, Venezuela posted the smallest consumer price increase for January in more than a decade.
7:00 PM EST | February 19, 2024
OEUK Holding Emergency Summits This Week
OEUK's CEO says the group remains 'deeply concerned about what Labour's proposals could do'.
7:00 PM EST | February 19, 2024