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Oil Climbs to Four Month High Share your comments
Oil climbed to a four-month high as Ukrainian drone attacks on Russian refineries heightened geopolitical risks and key Chinese economic data beat estimates.
4:07 PM EST | March 18, 2024
North America Enters Rig Loss Streak Share your comments
North America dropped rigs again week on week, according to Baker Hughes.
12:07 PM EST | March 18, 2024
USA Driving Activity to Increase to All-Time Highs Share your comments
The EIA projects that driving activity will increase to all-time highs in the U.S. during 2024 and 2025.
8:38 AM EST | March 18, 2024
Oil Market Sentiment Has Improved Significantly Share your comments
'Brent oil prices have risen to a four-month high'.
6:00 AM EST | March 18, 2024
Oil Holds Weekly Gains
Crude futures pushed through 200-day moving average and then held momentum on the week.
3:54 PM EST | March 15, 2024
Wood Mackenzie Looks at EQT-Equitrans Deal Share your comments
Wood Mackenzie outlined that EQT Corporation's acquisition of Equitrans Midstream Corporation increases the natural gas company's 'dominant footprint in the Northeast'.
12:01 PM EST | March 15, 2024
EIA Drops 2024 Henry Hub Gas Price Forecast Share your comments
The U.S. Energy Information Administration cut its Henry Hub spot price forecast in its latest short term energy outlook.
7:52 AM EST | March 15, 2024
Rystad Looks at the Buzz Around White Hydrogen Share your comments
The buzz around natural hydrogen, dubbed white or gold hydrogen, is gaining global momentum, Rystad Energy said.
6:10 AM EST | March 15, 2024
Crude Futures Advance on IEA Supply Warning
Oil Prices were bolstered Thursday by a warning from the International Energy Agency about Supply Shortages now forecasted through end of the year if OPEC+ reductions persist.
3:36 PM EST | March 14, 2024
USA Crude Oil Stocks Drop Share your comments
Crude oil stocks in the U.S., not including the SPR, stood at 447.0 million barrels on March 8, according to the EIA.
11:36 AM EST | March 14, 2024
EIA and Standard Chartered Offer Up Latest Oil Price Predictions Share your comments
The U.S. Energy Information Administration and Standard Chartered revealed their latest oil price predictions this week.
6:29 AM EST | March 14, 2024
OPEC Voices Encouragement after IEA Affirms Support for Oil Security Share your comments
OPEC expressed encouragement after a commentary from the IEA telling the globe to ensure petroleum supply while transitioning to a clean energy future.
3:59 AM EST | March 14, 2024
Oil Prices Rise on Drawdown
Ukraine attack on Rosneft PJSC refinery added tailwinds to supplement the largest supply drawdown in nearly two months.
3:52 PM EST | March 13, 2024
BP and UAE's $2B Israel Gas Deal Suspended as War Rages Share your comments
BP and the United Arab Emirates' state oil firm suspended a $2 billion bid to buy a major stake in Israel's NewMed Energy.
10:00 AM EST | March 13, 2024
Red Sea Region Sees Another Watershed Incident Share your comments
Dryad Global noted that the Gulf of Aden and Red Sea 'have seen another watershed incident'.
7:43 AM EST | March 13, 2024
IEA Sees Progress but Finds Methane Emissions Near Record Share your comments
While the IEA analysis highlighted progress in some places, on the whole it suggests oil, gas and coal producers and governments are falling short of promises to cut methane emissions.
3:22 AM EST | March 13, 2024
Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits Share your comments
The regulator warned a proposal by a government-appointed climate committee to suspend new oil and gas licenses would threaten energy security in Europe, wash out jobs in Norway and dent state revenues.
3:17 AM EST | March 13, 2024
Oil Falls on Persistent Inflation and Stalled Supply Cuts Share your comments
Oil dipped as signs of stubborn US inflation whipsawed wider markets and OPEC said its latest supply cuts stalled.
4:02 PM EST | March 12, 2024
Surging Gasoline Prices Add Inflation Risk in USA Election Year Share your comments
U.S. gasoline futures have jumped sharply in recent weeks.
10:00 AM EST | March 12, 2024
SEB Commodities Chief Analyzes Oil Price Moves Share your comments
'Optimism for oil was tempered on Friday,' the commodities chief said.
8:31 AM EST | March 12, 2024
Oil Shows Little Change Ahead of US Inflation Data Share your comments
Oil was little changed as traders wait to see if a week of key data inputs can break the market from its recent torpor.
3:18 PM EST | March 11, 2024
North America Drops Rigs for First Time in 2024 Share your comments
North America's rig count dropped week on week for the first time in 2024, according to Baker Hughes.
11:21 AM EST | March 11, 2024
IPAA Disappointed in Biden's SOTU Address Share your comments
'President Biden continues to divide us,' Independent Petroleum Association of America (IPAA) President and CEO Jeff Eshelman said.
8:41 AM EST | March 11, 2024
GlobalData Says These Themes Will Dictate Oil and Gas Outlook in 2024 Share your comments
'It is ... important for the oil and gas industry to assess the impact of these themes while charting out their growth plans,' GlobalData warned.
7:08 AM EST | March 11, 2024
Philippines Looks to US Help for Potential Energy Exploration in Tense Sea Share your comments
Manila is counting on Washington and its allies to play a crucial role in its plans to explore energy resources in the disputed South China Sea.
2:30 AM EST | March 11, 2024
Ex-BP CEO Looney Takes $2.3MM Hit in 2023 Compensation Share your comments
Former BP Chief Executive Bernard Looney took a GBP 1.8 million hit to his total compensation in 2023.
7:00 AM EST | March 09, 2024
Oil Settles in Tightest Weekly Range Since 2021 Share your comments
Oil eased lower as a brief outage on North America's Keystone pipeline failed to shake prices out of the tightest weekly trading range in years.
3:50 PM EST | March 08, 2024
Enbridge Closes Acquisition of 1st Dominion Gas Utility Share your comments
East Ohio Gas Company will be doing business as Enbridge Gas Ohio and will join Enbridge's Gas Distribution and Storage Business Unit.
9:00 AM EST | March 08, 2024
VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden Share your comments
'Coalition warships responded and are assessing the situation,' U.S. Central Command said.
6:44 AM EST | March 08, 2024
OEUK Says Windfall Tax Extension Is Disappointing Blow Share your comments
'The industry is being taxed on windfall profits which no longer exist', OEUK said.
4:47 AM EST | March 08, 2024
China Oil Demand Has Entered Low-Growth Phase: CNPC Leader
China's oil demand has entered a low-growth phase as decarbonization starts to eat into consumption of fossil fuels.
2:29 AM EST | March 08, 2024
Data Extracted from Flight Recorder of Crashed Helicopter Share your comments
'The work of analyzing the data is ongoing', the NSIA said.
6:04 AM EST | March 07, 2024
Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension Share your comments
Rystad Energy and Skandinaviska Enskilda Banken AB (SEB) offer their views.
4:42 AM EST | March 07, 2024
China Sees Seasonal Lull in Oil Imports Due to New Year Break Share your comments
China's oil imports eased in the first two months of 2024 on a seasonal lull due to the Lunar New Year break, and as private refiners held off on some purchases.
1:45 AM EST | March 07, 2024
Oil Rises on Signs of Rising US Gasoline Demand Share your comments
Oil climbed to near its highs for the year after a US report showed signs of rising fuel demand heading into the summer driving season.
3:27 PM EST | March 06, 2024
Vessel Sinks in Red Sea After Missile Strike Share your comments
'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.
10:12 AM EST | March 06, 2024
Cenovus Blasts Canadian Government for Lack of Support for Carbon Capture Share your comments
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.
9:00 AM EST | March 06, 2024
Macquarie Strategists Forecast USA Crude Inventory Rise Share your comments
Macquarie strategists revealed that they are forecasting that U.S. crude inventories will rise for the week ending March 1.
7:05 AM EST | March 06, 2024
Gunvor Agrees to Pay $661MM Fine in Ecuador Bribery Case Share your comments
The charge arises out of a scheme to bribe officials of the Ecuadorian Ministry of Hydrocarbons and Petroecuador.
7:00 AM EST | March 06, 2024
Standard Chartered Looks at International Energy Week Share your comments
'The fringe events have grown far beyond the scale of the eponymous official event,' Standard Chartered analysts said.
4:58 AM EST | March 06, 2024
Oil Dips After Swinging Amid Technical Support Share your comments
Oil edged lower, with technical support levels limiting its losses amid risk-off sentiment in broader markets.
3:21 PM EST | March 05, 2024
Rystad Flags Unexpected Increase in Henry Hub Prices Share your comments
An unexpected increase in Henry Hub prices is countering bearish fundamentals seen in recent weeks, Rystad Energy Senior Analyst Lu Ming Pang said.
10:41 AM EST | March 05, 2024
Norway Safety Authority Finds Wreckage of Helicopter Crash Share your comments
'The wreckage was found at 20.14 hours at approx. 220 meters depth,' the NSIA said.
4:53 AM EST | March 05, 2024
China Barred From Buying USA Oil Reserves in Funding Bill Share your comments
Republican critics have sought to bar the sale of oil from the Strategic Petroleum Reserve to China.
4:00 PM EST | March 04, 2024
Oil Falls Amid Extended Output Cuts Share your comments
Oil retreated after hitting resistance near $80 a barrel as the OPEC+ coalition met expectations with its latest production move.
3:38 PM EST | March 04, 2024
North America Adds More Rigs Share your comments
North America added rigs week on week, according to Baker Hughes.
10:17 AM EST | March 04, 2024
OC Tanner Says Oil Leaders Need to Revisit Employee Appreciation Share your comments
'Showing regular recognition for efforts, results, and career milestones is key for engaging and retaining your people," O.C. Tanner said.
8:27 AM EST | March 04, 2024
What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024? Share your comments
Rigzone speaks to the Chertoff Group, Dryad Global, and International SOS.
7:01 AM EST | March 04, 2024
OPEC Plus Extends Oil Supply Curbs to June Share your comments
OPEC+ extended its oil supply cutbacks to the middle of the year in a bid to avert a global surplus and shore up prices.
1:30 AM EST | March 04, 2024
Oil Rallies Near $80 Amid Tightening Physical Market Share your comments
Oil extended this year's rally to almost $80 a barrel amid signs of a tightening physical market.
3:32 PM EST | March 01, 2024
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