Results50 articles shown
Hedge Funds Boost Bullish Oil Bets and Gain From Late-Week Rally
Monday, August 31, 2015 Hedge funds couldn’t time increase in bullish oil positions better, just before improving prospects for U.S. growth sent crude on its biggest two-day rally in six years.
Saudi Stocks Cap Worst Month in Seven Years as Oil Resumes Slide
Monday, August 31, 2015 Saudi Arabian stocks fall in the worst month in almost seven years after Brent crude resumes its decline.
Rattled by Pure Sentiment in August, Markets Return Focus to Fundamentals
Friday, August 28, 2015 Following stock market chaos in August that brought oil prices down to 6-year lows, oil traders focus again on the persistent global oil oversupply situation.
More Oilfield Services M&A Likely On The Way
Friday, August 28, 2015 Lower-for-longer volatility coupled with the recent pairing of mega energy companies Schlumberger and Cameron suggest oilfield services may be running out of time for wishful thinking.
Oil Industry Needs to Find Half a Trillion Dollars to Survive
Thursday, August 27, 2015 At a time when the oil price is languishing at its lowest level in six years, producers need to find half a trillion dollars to repay debt. Some might not make it.
Oil Services Firms Beat Expectations, Tough Times Loom
Thursday, August 27, 2015 Oil and gas service companies have fared better than expected in the first half of the year despite a weak market, thanks to deep-pocketed Middle Eastern customers and stringent cost cuts.
China Oil Giants Seek to Join Spree of Global Energy Deals
Thursday, August 27, 2015 PetroChina signaled it's looking to join a wave of global energy deals as crude's collapse makes it the right time to buy and sell assets.
SKD Sees Opportunities for Tender Assist Drillers in Low Oil Price Market
Thursday, August 27, 2015 SapuraKencana Drilling feels that the industry downtrend may open opportunities for tender assist drillers.
Blame Oil Glut on Investors Who Still Love Drilling Over Profits
Wednesday, August 26, 2015 Investors sent a surprising message to US shale producers as crude fell almost 20% in August: keep calm and drill on.
NOV's Williams: Energy Industry Will Barrel On
Wednesday, August 26, 2015 National Oilwell Varco's CEO, Clay Williams, tells Rigzone that after enduring six downturns in his career, he's learned there's always an upside.
NOV CEO: Leadership Optimism Is Key During a Downturn
Tuesday, August 25, 2015 NOV CEO Clay Williams talks with Rigzone about the work of leading an international company during a challenging marketplace and changing times.
Musings: Are We Entering The Capitulation Phase of Industry Cycle?
Tuesday, August 25, 2015 Oil price action during the past two weeks may be signaling that we are entering the "capitulation phase" of the oil industry cycle.
Oil at $77? It Is in This Country That Plays by Its Own Rules
Tuesday, August 25, 2015 South America's second-largest and most enigmatic economy, Argentina is marching to its own beat.
DW: Saudi Arabia Hit by Low Oil Prices, Faces Difficult Decisions
Monday, August 24, 2015 Douglas-Westwood says Saudi Arabia has been hit hard by low oil prices, leaving the kingdom to face a number of difficult decisions.
Bullish Oil Bets Sink to 5-Year Low as Futures Flirt With $40
Monday, August 24, 2015 It's pretty lonely being an oil bull these days.
Employment in Norwegian Oil, Gas Sector
Monday, August 24, 2015 Rigzone takes a look at employment developments in Norway during 2015, highlighting the reasons behind some of the largest cutbacks in the region and examining what hope there is for the area in the future.
Analysts: New Price Downfall Not Sustainable
Monday, August 24, 2015 With oil price decline lingering, analysts reevaluate forecasts for rig count and service companies.
Pressure Mounts to Retire Older Fleet as Rig Oversupply Persists
Friday, August 21, 2015 More old rigs may head for the scrapyard as oversupply persists, thanks to relatively weak drilling demand and addition of newbuilds to the global fleet.
Report: Most Canada Oil Sands Crude Being Produced at a Loss
Friday, August 21, 2015 More than three-quarters of Canada's daily output of 2.2 million barrels of crude from oil sands is being produced at a loss at current prices, research from analysts at TD Securities shows, although producers are unlikely to halt operations.
Oil Poised for Longest Weekly Losing Streak Since 1986 Amid Glut
Friday, August 21, 2015 Oil heads for the longest run of weekly declines in almost three decades on signs the supply glut that drove prices to a six-year low will be prolonged.
Saudis Get That 1998 Feeling as Lower Oil Price Threatens Wealth
Friday, August 21, 2015 The oil price is near its lowest in more than a decade, cash reserves are being depleted, emerging markets are in turmoil and Saudi Arabia is beginning to panic.
Chinese Trading Rivalry Ruffles Asian Oil Markets
Thursday, August 20, 2015 Intensifying rivalry between top oil traders Chinaoil and Unipec whipsaws Asia's oil market, pits the state-owned firms against each other.
US September crude ends higher, Brent slumps
Thursday, August 20, 2015 Expiring US crude prices settled higher after slumping to fresh 6-1/2-year low; supply glut and concerns about China's economy pressure Brent crude.
US September Crude Ends Higher At Expiration, Brent Slumps
Thursday, August 20, 2015 Expiring US crude prices settle higher after slumping to fresh 6-1/2-year low; supply glut and concerns about China's economy pressure Brent crude.
Commodities Rout Erases $2T From Stock Values
Thursday, August 20, 2015 Commodity producers lose almost as much value in the past year as India’s entire economy, according to Bloomberg data.
Mexico Hedges 2016 Oil Exports at Average of $49 Per Barrel
Thursday, August 20, 2015 Mexican government hedges oil exports for next year at an average $49 a barrel, locking in protection against low crude prices, its Finance Ministry says.
Mexico Cuts Growth Forecast on Oil, US Industrial Production
Thursday, August 20, 2015 Mexico cuts its growth forecast for this year, a week after a similar move by the central bank.
Mexico’s Peso Leads World Losses as GDP Forecast Cut Amid Woes
Thursday, August 20, 2015 Mexico's peso leads losses among global major currencies, joins a rout in emerging markets.
Report: Most Canada Oil Sands Crude Produced At A Loss
Thursday, August 20, 2015 More than three-quarters of Canada's daily output crude from oil sands is produced at a loss at current prices, say analysts at TD Securities.
Analyst: Oil Prices Will Remain Lower for Longer
Thursday, August 20, 2015 Oil prices will remain lower for longer as market fundamentals cast a bearish outlook on the market, according to a Rigzone data team analyst.
Saudi Riyal Forwards Hit As Cheap Oil Erodes Confidence
Thursday, August 20, 2015 Saudi Arabia's riyal falls in the markets as oil prices decline and Saudi equities fall.
US Oil Glut Heads North As Traders In Canada Scramble For Storage
Thursday, August 20, 2015 The US oil glut is gearing up to repeat itself in Canada, raises prospects that the world's cheapest oil may get even cheaper.
US September Crude Up Eyeing Hurricane As Expirations Near
Thursday, August 20, 2015 US crude prices extend gains and Brent briefly turns higher as first hurricane of the 2015 Atlantic season sparks contract expiration concerns.
Employee Layoffs in Oilfield Services Companies: Panacea or Poison?
Wednesday, August 19, 2015 According to recent news reports, nearly 50,000 energy jobs have been lost in the past three months on top of the 100,000 employees laid off since oil prices started to decrease in the fall of 2014.
Supply Chain Management Still Key During Downturn
Wednesday, August 19, 2015 A recent survey finds oil and gas firms may be putting themselves at risk by not having effective supply chain management practices in place.
Spend More To Save More? CSR Programs Can Save Operators Millions
Wednesday, August 19, 2015 Experts say investing socially in emerging countries could pay big dividends to oil and gas companies in the long run.
Summer NAPE Driving Oil, Gas Deal Pace
Wednesday, August 19, 2015 Upstream Houston conference works to raise industry hopes and momentum.
Fed's Involvement May Limit Banks during Fall Review of Energy Loans
Monday, August 17, 2015 Federal regulators renewed interest in how banks value the assets of their oil and gas investments may reduce banks' flexibility to meet client needs.
Foreign Firms Scramble to Fix Iran's Refineries Once Sanctions End
Monday, August 17, 2015 International oil services companies are scrambling to win contracts worth tens of billions to repair and modernize Iran's oil refineries once sanctions are removed.
Kemp: What Might Prompt A Short-Covering Rally In US Oil Price?
Monday, August 17, 2015 Hedge funds remained unusually bearish on US oil prices last week even as the cost of WTI tumbled towards the lowest level since 2009.
Exxon's $40B Find Renews Age-Old Feud off Venezuela
Friday, August 14, 2015 For generations, Venezuela has formally laid claim to most of its tiny neighbor, Guyana. Many dismissed the case, given Venezuela’s oil wealth and Guyana’s penury.
Optimistic Oil Experts Still See Rally as Crude Hits New Lows
Friday, August 14, 2015 Oil analysts are, if nothing else, optimists. They're still mostly sunny, looking for a 60% rally by late next year.
European Oilfield Services: Light at the End of the Tunnel?
Friday, August 14, 2015 Rigzone takes a look at recent quarterly statements and strategy updates from European oilfield services firms.
After The Fall: Industry Reset Has $100B Borrowing Base at Stake
Friday, August 14, 2015 The energy industry's bi-annual borrowing season faces low commodity prices, a wide bid-ask spread, mounting debt and new federal regulation.
Fifteen US states seek to block EPA carbon rule
Thursday, August 13, 2015 Fifteen state attorneys general file a court petition in Washington to block the EPA's new rules to curb carbon emissions from power plants.
Diversity Defined: Exploring What Oil, Gas is Missing
Thursday, August 13, 2015 Rigzone explores the state of diversity among minorities and women on oil and gas boards of directors.
What Now for the Falklands?
Wednesday, August 12, 2015 Rigzone takes a look at the recent oil discoveries in the North Falkland Basin and asks the "what now" question amid lower oil prices.
Oil at $30 Is No Problem for Some Cost-Cutting Bakken Drillers
Wednesday, August 12, 2015 The lowest crude prices since 2009 might still not be enough to end the US energy renaissance.
IEA Sees Oil Glut Persisting Despite Soaring Demand
Wednesday, August 12, 2015 World oil demand is expanding at its fastest pace in 5 years thanks to rebounding economic growth and low prices, but global oversupply will last through 2016, the IEA says.
Musings: A Retrospective View of A Restructured Energy Industry
Tuesday, August 11, 2015 G. Allen Brooks shares his predictions on how the global oil and gas industry will be in 2025.
Find More Articles with an Advanced SearchThe results on this page are limited to showing the 50 most recent articles for this category, region, and date range combination. For more articles, please perform an Advanced Article Search.
|Brent Crude Oil :||$54.15/BBL||8.19%|
|Light Crude Oil :||$49.2/BBL||8.80%|
|Natural Gas :||$2.689/MMBtu||1.13%|
|Updated in last 24 hours|