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Saudi Prince Wants to Be Known As Oil Price 'Volatility Buster'
Saudi Energy Minister Prince Abdulaziz bin Salman is the most important single person in the oil market today.
8:00 PM EST | July 21, 2021
Oil Production Baselines Rise As OPEC+ Makes Deal
Ministers from Riyadh and Abu Dhabi made a big show of their continuing friendship and commitment to the OPEC+ alliance.
8:00 PM EST | July 18, 2021
OPEC Projects Mixed Oil Demand Recovery
OPEC forecast a gradual recovery in demand for its crude this year and next.
8:00 PM EST | July 14, 2021
UAE Makes Prelim Deal for OPEC+ Quota Hike
The United Arab Emirates has reached a preliminary deal to resolve the its standoff with OPEC+.
8:00 PM EST | July 13, 2021
Gas Project Modification Worth Billions
Here is a review of popular downstream-related articles on Rigzone from last week.
8:00 PM EST | July 10, 2021
Biden Spokesperson Says Admin Wants 'Affordable and Reliable Energy'
White House Press Secretary Jen Psaki said Biden administration officials are "encouraged" by ongoing OPEC talks.
8:00 PM EST | July 05, 2021
OPEC+ Panel Advises 400K-bpd Increases
An OPEC+ ministerial panel recommended a gradual increase in oil output to the end of the year.
8:00 PM EST | June 30, 2021
Will OPEC+ Meeting Outcome Cut Oil Price by $10?
Here is preview of what to watch this week in the oil market.
8:00 PM EST | June 27, 2021
What Now for Canadian Oil Sands Producers?
Here is a review of oil and gas market hits and misses for the week ending June 11, 2021.
8:00 PM EST | June 10, 2021
BP Chief Sees Lasting Strong Oil Demand Recovery
Energy giant BP Plc sees a strong recovery in global crude demand and expects it to last for some time.
8:00 PM EST | June 06, 2021
Is Selling Assets Useless for Cutting GHG Emissions?
Rigzone looks back at oil and gas market hits and misses for the week ending June 4, 2021.
8:00 PM EST | June 03, 2021
OPEC+ Sticks with Planned July Output Hike
The group will press ahead with an increase of 841,000 barrels a day in July, according to delegates.
8:00 PM EST | May 31, 2021
Oil and Gas Industry Success Fuels Energy Transition
Rigzone reviews some oil and gas market hits and misses for the week ending May 7, 2021.
8:00 PM EST | May 06, 2021
OPEC+ Advances Plan to Gradually Hike Output
OPEC and its allies will proceed with plans to gently revive oil production as global demand recovers.
8:00 PM EST | April 26, 2021
Who Takes Part in OPEC+ Meeting Should Be Telling
Here is a preview of developments to watch for this week in the oil market. PHOTO SOURCE: OPEC
8:00 PM EST | April 25, 2021
Pioneer Chief Warns of OPEC+ Price War Risk
U.S. shale producers risk another oil-price war with OPEC and its allies if they resume the breakneck production growth, according to Pioneer Natural Resources.
8:00 PM EST | April 13, 2021
OPEC+ Plans Gradual Output Boost
OPEC+ agreed to increase oil production gradually from May to July.
8:00 PM EST | March 31, 2021
Abu Dhabi Seeks New Oil Benchmark
Abu Dhabi started trading futures contracts for Murban crude, its biggest oil grade, in a bid to create a benchmark for the energy market.
8:00 PM EST | March 28, 2021
Are Foreign Oil Firms About to Return to Venezuela?
Maduro claims "Venezuela's doors are open for oil investment."
8:00 PM EST | March 18, 2021
IEA Rejects Oil Supercycle Concerns
Oil markets aren't on the verge of a new price supercycle, the International Energy Agency said.
8:00 PM EST | March 16, 2021
Libya Gets Back on the Oil Map
On Monday, Libya's first unified government in seven years was sworn in.
8:00 PM EST | March 14, 2021
OPEC Downgrades Crude Demand Outlook
OPEC trimmed estimates for the amount of crude it will need to pump in the second quarter by 690,000 barrels a day.
7:00 PM EST | March 10, 2021
Trader Says USA Shale Producers Unlikely to Ramp Up Output
Oil’s surge following OPEC+'s surprise move to maintain cuts in supply shows the producers' group is in charge of the market, Vitol Group said.
7:00 PM EST | March 07, 2021
Saudis Bet Against Return of USA Shale Glory Days
Saudi Arabia just made a high-stakes wager against "drill, baby, drill."
7:00 PM EST | March 04, 2021
Oilfield Services Stocks Show Resiliency
Here is a recap oil and gas market hits and misses for the week ending March 5, 2021.
7:00 PM EST | March 04, 2021
OPEC+ Surprise Triggers Oil Price Surge
The oil market had been expecting additional supply.
7:00 PM EST | March 03, 2021
Saudi Official Urges More OPEC+ Caution
Saudi Arabia urged fellow members of the OPEC+ oil alliance to remain cautious as they prepare to consider further output increases.
7:00 PM EST | February 16, 2021
Russian Official Declares Global Oil Markets Balanced
Global oil markets have rebalanced following last year's historic collapse in demand, according to Russia's deputy prime minister.
7:00 PM EST | February 14, 2021
Japanese E&P to Spend Up to $145MM Offshore UAE
Abu Dhabi awarded Japan's Cosmo Energy Holdings Co. the right to explore for offshore oil and natural gas.
7:00 PM EST | February 09, 2021
Woman to Lead New Middle East Oil Firm
Oman's government named Haifa Al Khaifi as head of a new company that controls the country's biggest oil block.
7:00 PM EST | January 20, 2021
IEA Validates Saudi Output Curbs
On Tuesday, the International Energy Agency slashed forecasts for world oil demand in the first quarter.
7:00 PM EST | January 18, 2021
Is Saudi Arabia Reverting to Swing Oil Supplier?
Here is a recap oil and gas market hits and misses for the week ending Jan. 8, 2021.
7:00 PM EST | January 07, 2021
Saudi Oil Exports to US Plunge
The US didn't import any Saudi crude last week for the first time in 35 years.
7:00 PM EST | January 05, 2021
Delegates Say OPEC+ Strikes Deal on Supply Curbs
Saudi Arabia will take on a greater burden of oil output cuts, delegates said.
7:00 PM EST | January 04, 2021
OPEC+ and Alaska Sale May Offer Market Preview
Here are some items to watch in the oil and gas markets this week.
7:00 PM EST | January 03, 2021
Oil Rig Tally for US Ends Year at Lowest Level Since 2005
Although the US rig count has recovered since August, it remains far below where it began 2020.
7:00 PM EST | December 29, 2020
OPEC Lowers Oil Demand Projection
OPEC cut forecasts for oil demand again.
7:00 PM EST | December 13, 2020
Index Shows Oil Demand Recovery from November Trough
Global oil demand is rebounding after hitting a trough last month, according to an index compiled by Bloomberg.
7:00 PM EST | December 10, 2020
Mexico Cashes In Amid OPEC+ Discord
Mexico reportedly will cash in its oil price insurance policy this year for the fourth time only in the last two decades.
7:00 PM EST | December 01, 2020
OPEC+ Kicks Off Meeting with Plea for Caution
OPEC+ began two days of potentially complicated talks to hash out the size of its oil-production cuts next year.
7:00 PM EST | November 29, 2020
Advance Toward $50 Oil Could Be Tricky for OPEC+
With OPEC+ just days from meeting, countries favoring ratcheting up oil production may be finding some support for their arguments.
7:00 PM EST | November 24, 2020
Abu Dhabi Okays $122B Oil and Gas Spending Plan
The UAE is boosting investment to make good on pledges to increase output capacity, even as it struggles against OPEC+ restrictions on supply.
7:00 PM EST | November 22, 2020
Oil Bidding War Underway Among Asian Refiners
Buying interest across Asia for crudes from Russia, the US and the Middle East has been strong.
7:00 PM EST | November 16, 2020
OPEC+ Panel Suggests Time Frame to Delay Output Hike
The coalition -- led by Saudi Arabia and Russia -- is scheduled to increase crude production by almost 2 million barrels a day in January.
7:00 PM EST | November 15, 2020
Traffic Data Offer Reason for Cautious Oil Demand Optimism
Data suggest countries accounting for more than 70% of global petroleum consumption are faring a lot better this time around than during previous lockdowns.
7:00 PM EST | November 11, 2020
Lockdowns Prompt OPEC Oil Demand Update
OPEC once again cut estimates for the amount of crude it will need to provide in the coming year.
7:00 PM EST | November 10, 2020
OPEC+ May Not Hike Oil Production As Planned
It's the latest signal that the group is reconsidering plans to hike production in January.
7:00 PM EST | November 08, 2020
Abu Dhabi to Open Futures Exchange for Murban Crude
By selling its crude through futures, Abu Dhabi will let the market determine the price.
7:00 PM EST | November 08, 2020
Support Grows for Delaying OPEC+ Output Increase
OPEC+ talks on delaying a January oil-output increase gathered momentum on Tuesday.
7:00 PM EST | November 02, 2020
OPEC Poses Threat to Itself
A fresh challenge is emerging from within the organization's own ranks.
7:00 PM EST | November 01, 2020