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Oil Down as Stimulus Doubts Mount and U.S., China Tensions Escalate
Saturday, August 08, 2020Oil drops as Trump rolls out additional China sanctions while additional stimulus negotiations yield no deal.
IHS Markit Raises Oil Price Forecast
Friday, August 07, 2020IHS Markit has raised its 2020 average Brent price outlook by $7+ per barrel.
Oil Set for Weekly Gain
Friday, August 07, 2020Oil in New York is poised for the biggest weekly advance since early July after U.S. stockpiles plunged further.
XOM Tears Up Debt Fueled Plan
Friday, August 07, 2020Here are some of Rigzone's top stories during the last week, just in case you missed them...
What Do Oil Groups Think of Biden Energy Plan?
Thursday, August 06, 20202020 president hopeful Joe Biden unveiled his clean energy plan in July.
Oil Up with US Stockpiles Shrinking
Thursday, August 06, 2020Oil extended gains after closing near a five-month high in New York on Wednesday.
OGUK and SDS Support Redundant Workers
Thursday, August 06, 2020Industry body Oil & Gas UK has partnered with Skills Development Scotland to signpost support for oil and gas workers impacted by redundancy.
Exxon Says 20 Percent of Reserves Threatened
Thursday, August 06, 2020Exxon Mobil Corp. warned that low energy prices may wipe as much as one-fifth of its oil and natural gas reserves off the books.
Assessing BP's New Goals
Thursday, August 06, 2020BP has gone further than any oil company but there are areas of concern.
Oil Oscillates Between Gains and Losses
Thursday, August 06, 2020Oil oscillated between gains and losses as an uncertain economic outlook overshadowed signals of a tighter crude market with Iraq pledging to make extra output cuts this month.
Oil Drops as Demand Concerns Offset Tightening Supply
Thursday, August 06, 2020Signs of tightening supply couldn't overcome the uncertainty surrounding economic recovery in the U.S.
Oil Steady After Longest Rally Since June
Wednesday, August 05, 2020Oil was steady after the longest run of gains in six weeks on signs U.S. crude stockpiles extended declines.
BP Oil Business Will Shrink Dramatically
Wednesday, August 05, 2020BP's oil and gas business will shrink dramatically, while its low carbon business will grow strongly.
OGUK Launches Forum to Help SMEs
Wednesday, August 05, 2020Industry body Oil & Gas UK has launched a new forum dedicated to helping small and medium-sized businesses navigate the downturn.
Senate Confirms Deputy Energy Sec
Wednesday, August 05, 2020The U.S. Senate has confirmed Mark W. Menezes to be the Deputy Secretary of Energy in a bipartisan vote of 79-16.
Brent Tops $45
Wednesday, August 05, 2020Oil climbed to a five-month high in London.
Climate Hawks Press Biden to Take More Radical Stance
Wednesday, August 05, 2020If climate activists succeed in pulling him to the left it could cost him mainstream support.
Oil Prices Settle Higher Amid Fuel Supply Build
Wednesday, August 05, 2020A government report showed a decline in US crude inventories yet an increase in refined product supplies.
Oil Flat as OPEC Supply Offsets Economic Gains
Tuesday, August 04, 2020Oil held near $41 a barrel in New York after the biggest gain in two weeks.
Oil Prices Climb After Lebanon Blast
Tuesday, August 04, 2020Oil climbed to the highest level in nearly two weeks after an explosion at Lebanon's main port rocked the capital Beirut.
Libya NOC Calls for Demilitarization of Oil Assets
Monday, August 03, 2020Libya's National Oil Corporation has called for the 'demilitarization' of oil facilities.
Oil Dips as OPEC+ Starts to Unwind Cuts
Monday, August 03, 2020Oil edged below $40 a barrel in New York as OPEC and allied producers started supplying more crude to a global market where many countries are still struggling to contain the coronavirus.
Crisis Presents BP CEO With Chance to Change
Monday, August 03, 2020The crisis is giving Looney the opportunity to accelerate the big changes needed to fulfill his vision.
Oil Prices Rise Amid Recovery Signs
Monday, August 03, 2020Oil rose the most in nearly two weeks.
Oil Set for 3rd Monthly Gain
Friday, July 31, 2020Oil is set for a third monthly advance in New York before OPEC+ starts returning supply to the market.
SLB Cutting Thousands of Jobs
Friday, July 31, 2020Here are some of Rigzone's top stories during the last week, just in case you missed them...
Oil Inventory Data Prompt Reminiscing
Friday, July 31, 2020Rigzone panelists offer their insights on the top oil market hits and misses for the week ending July 31, 2020.
Oil Prices Up for the Month
Friday, July 31, 2020Oil posted a gain in July, boosted by a steadily weakening dollar and OPEC's restraint on production.
How Many Oil Jobs Did Texas Lose in 1H?
Thursday, July 30, 2020According to TIPRO's latest mid-year energy report, Texas has lost over 39,000 direct oil and natural gas jobs in the first half of 2020.
Trading Bonanza Saves Quarter for Shell and Total
Thursday, July 30, 2020Royal Dutch Shell Plc and Total SE were saved from what many feared would be the worst quarter ever for the oil and gas industry.
Covid-19 is the Elephant in the Room
Thursday, July 30, 2020Covid-19 is the elephant in the room and the U.S. death toll passing the milestone of 150,000 has spread concern to every kind of market.
Shale Drillers Signal Bleak 2020
Thursday, July 30, 2020Three shale explorers signaled a grim rest of 2020 for the U.S. oil patch.
Light Crude Closes Below $40
Thursday, July 30, 2020Oil cratered the most in more than a month.
Oil Holds Loss as Focus Turns to Stockpiles
Wednesday, July 29, 2020Oil held a loss to trade near $41 a barrel after analysts forecast U.S. crude stockpiles continued to swell last week.
Trump Heads to Texas
Wednesday, July 29, 2020President Donald Trump will look to deep-pocketed energy barons to help jump start his re-election campaign.
Rystad Foresees New Oil Supply Glut
Wednesday, July 29, 2020A new four-month oil supply glut should result from the partial return in August of curtailed OPEC+ production, Rystad Energy predicts.
Oil Prices Finish Higher on Strong Draw
Wednesday, July 29, 2020Oil was propped up by the biggest decline in U.S. crude inventories this year, signaling a bright spot in a market weakened by Covid-19.
Oil Kept Afloat by Dovish Fed and Weak Dollar
Tuesday, July 28, 2020Oil edged lower but was still near a four-month high.
ExxonMobil Announces LNG PPA Finalists
Tuesday, July 28, 2020ExxonMobil has announced the finalists for the 2020 LNG Power Play Awards.
Offshore UK Covid Cases Continue to Fall
Tuesday, July 28, 2020OGUK has revealed that suspected Covid-19 cases offshore are continuing to decrease.
IGC Holds Drills Off Strait of Hormuz
Tuesday, July 28, 2020Iran's Islamic Revolutionary Guard Corps held military drills off the Strait of Hormuz on Tuesday, according to a statement on its Sepah News website.
Oil Slides On Expected U.S. Supply Increases
Tuesday, July 28, 2020U.S. futures for WTI oil declined 1.3% on Tuesday as domestic crude supplies expected to rise for second straight week.
OPEC Move Impact Could Be Minor
Monday, July 27, 2020Rigzone panelists offer their views on what to watch in the oil and gas markets this week.
Demand Outlook Darkens
Monday, July 27, 2020The demand outlook has darkened according to Standard Chartered.
Oil Down as Investors Weigh Key Points
Monday, July 27, 2020Oil edged lower as investors weighed worsening relations between Washington and Beijing and the prospect of more supply against a weakening dollar and signs the virus is easing in the U.S.
Oil Prices Edge Upward
Monday, July 27, 2020Oil was propped up by the combination of a weaker dollar and stronger US equities.
Oil Holds Losses on Demand Concerns
Friday, July 24, 2020Oil held losses near $41 a barrel in New York as signs of weakness in the American labor market cast doubt on the strength of its demand recovery.
New Committee Aims to Retain Permian Work Force
Friday, July 24, 2020The Odessa Development Corporation has announced the formation of a new strategic advisory committee called The Permian Fuels America.
OGCI Commits $1MM for New Gas Flaring Platform
Friday, July 24, 2020The Oil and Gas Climate Initiative has announced a commitment of nearly $1 million to the Payne Institute for Public Policy.
Chevron Buys Noble
Friday, July 24, 2020Here are some of Rigzone's top stories during the last week, just in case you missed them...
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