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Saudi Prince Wants to Be Known As Oil Price 'Volatility Buster'
Thursday, July 22, 2021Saudi Energy Minister Prince Abdulaziz bin Salman is the most important single person in the oil market today.
Oil Production Baselines Rise As OPEC+ Makes Deal
Monday, July 19, 2021Ministers from Riyadh and Abu Dhabi made a big show of their continuing friendship and commitment to the OPEC+ alliance.
OPEC Projects Mixed Oil Demand Recovery
Thursday, July 15, 2021OPEC forecast a gradual recovery in demand for its crude this year and next.
UAE Makes Prelim Deal for OPEC+ Quota Hike
Wednesday, July 14, 2021The United Arab Emirates has reached a preliminary deal to resolve the its standoff with OPEC+.
Gas Project Modification Worth Billions
Sunday, July 11, 2021Here is a review of popular downstream-related articles on Rigzone from last week.
Biden Spokesperson Says Admin Wants 'Affordable and Reliable Energy'
Tuesday, July 06, 2021White House Press Secretary Jen Psaki said Biden administration officials are "encouraged" by ongoing OPEC talks.
OPEC+ Panel Advises 400K-bpd Increases
Thursday, July 01, 2021An OPEC+ ministerial panel recommended a gradual increase in oil output to the end of the year.
Will OPEC+ Meeting Outcome Cut Oil Price by $10?
Monday, June 28, 2021Here is preview of what to watch this week in the oil market.
What Now for Canadian Oil Sands Producers?
Friday, June 11, 2021Here is a review of oil and gas market hits and misses for the week ending June 11, 2021.
BP Chief Sees Lasting Strong Oil Demand Recovery
Monday, June 07, 2021Energy giant BP Plc sees a strong recovery in global crude demand and expects it to last for some time.
Is Selling Assets Useless for Cutting GHG Emissions?
Friday, June 04, 2021Rigzone looks back at oil and gas market hits and misses for the week ending June 4, 2021.
OPEC+ Sticks with Planned July Output Hike
Tuesday, June 01, 2021The group will press ahead with an increase of 841,000 barrels a day in July, according to delegates.
Oil and Gas Industry Success Fuels Energy Transition
Friday, May 07, 2021Rigzone reviews some oil and gas market hits and misses for the week ending May 7, 2021.
OPEC+ Advances Plan to Gradually Hike Output
Tuesday, April 27, 2021OPEC and its allies will proceed with plans to gently revive oil production as global demand recovers.
Who Takes Part in OPEC+ Meeting Should Be Telling
Monday, April 26, 2021Here is a preview of developments to watch for this week in the oil market. PHOTO SOURCE: OPEC
Pioneer Chief Warns of OPEC+ Price War Risk
Wednesday, April 14, 2021U.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.
OPEC+ Plans Gradual Output Boost
Thursday, April 01, 2021OPEC+ agreed to increase oil production gradually from May to July.
Abu Dhabi Seeks New Oil Benchmark
Monday, March 29, 2021Abu Dhabi started trading futures contracts for Murban crude, its biggest oil grade, in a bid to create a benchmark for the energy market.
Are Foreign Oil Firms About to Return to Venezuela?
Friday, March 19, 2021Maduro claims "Venezuela's doors are open for oil investment."
IEA Rejects Oil Supercycle Concerns
Wednesday, March 17, 2021Oil markets aren't on the verge of a new price supercycle, the International Energy Agency said.
Libya Gets Back on the Oil Map
Monday, March 15, 2021On Monday, Libya's first unified government in seven years was sworn in.
OPEC Downgrades Crude Demand Outlook
Thursday, March 11, 2021OPEC trimmed estimates for the amount of crude it will need to pump in the second quarter by 690,000 barrels a day.
Trader Says USA Shale Producers Unlikely to Ramp Up Output
Monday, March 08, 2021Oil’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.
Saudis Bet Against Return of USA Shale Glory Days
Friday, March 05, 2021Saudi Arabia just made a high-stakes wager against "drill, baby, drill."
Oilfield Services Stocks Show Resiliency
Friday, March 05, 2021Here is a recap oil and gas market hits and misses for the week ending March 5, 2021.
OPEC+ Surprise Triggers Oil Price Surge
Thursday, March 04, 2021The oil market had been expecting additional supply.
Saudi Official Urges More OPEC+ Caution
Wednesday, February 17, 2021Saudi Arabia urged fellow members of the OPEC+ oil alliance to remain cautious as they prepare to consider further output increases.
Russian Official Declares Global Oil Markets Balanced
Monday, February 15, 2021Global oil markets have rebalanced following last year's historic collapse in demand, according to Russia's deputy prime minister.
Japanese E&P to Spend Up to $145MM Offshore UAE
Wednesday, February 10, 2021Abu Dhabi awarded Japan's Cosmo Energy Holdings Co. the right to explore for offshore oil and natural gas.
Woman to Lead New Middle East Oil Firm
Thursday, January 21, 2021Oman's government named Haifa Al Khaifi as head of a new company that controls the country's biggest oil block.
IEA Validates Saudi Output Curbs
Tuesday, January 19, 2021On Tuesday, the International Energy Agency slashed forecasts for world oil demand in the first quarter.
Is Saudi Arabia Reverting to Swing Oil Supplier?
Friday, January 08, 2021Here is a recap oil and gas market hits and misses for the week ending Jan. 8, 2021.
Saudi Oil Exports to US Plunge
Wednesday, January 06, 2021The US didn't import any Saudi crude last week for the first time in 35 years.
Delegates Say OPEC+ Strikes Deal on Supply Curbs
Tuesday, January 05, 2021Saudi Arabia will take on a greater burden of oil output cuts, delegates said.
OPEC+ and Alaska Sale May Offer Market Preview
Monday, January 04, 2021Here are some items to watch in the oil and gas markets this week.
Oil Rig Tally for US Ends Year at Lowest Level Since 2005
Wednesday, December 30, 2020Although the US rig count has recovered since August, it remains far below where it began 2020.
OPEC Lowers Oil Demand Projection
Monday, December 14, 2020OPEC cut forecasts for oil demand again.
Index Shows Oil Demand Recovery from November Trough
Friday, December 11, 2020Global oil demand is rebounding after hitting a trough last month, according to an index compiled by Bloomberg.
Mexico Cashes In Amid OPEC+ Discord
Wednesday, December 02, 2020Mexico reportedly will cash in its oil price insurance policy this year for the fourth time only in the last two decades.
OPEC+ Kicks Off Meeting with Plea for Caution
Monday, November 30, 2020OPEC+ began two days of potentially complicated talks to hash out the size of its oil-production cuts next year.
Advance Toward $50 Oil Could Be Tricky for OPEC+
Wednesday, November 25, 2020With OPEC+ just days from meeting, countries favoring ratcheting up oil production may be finding some support for their arguments.
Abu Dhabi Okays $122B Oil and Gas Spending Plan
Monday, November 23, 2020The UAE is boosting investment to make good on pledges to increase output capacity, even as it struggles against OPEC+ restrictions on supply.
Oil Bidding War Underway Among Asian Refiners
Tuesday, November 17, 2020Buying interest across Asia for crudes from Russia, the US and the Middle East has been strong.
OPEC+ Panel Suggests Time Frame to Delay Output Hike
Monday, November 16, 2020The coalition -- led by Saudi Arabia and Russia -- is scheduled to increase crude production by almost 2 million barrels a day in January.
Traffic Data Offer Reason for Cautious Oil Demand Optimism
Thursday, November 12, 2020Data suggest countries accounting for more than 70% of global petroleum consumption are faring a lot better this time around than during previous lockdowns.
Lockdowns Prompt OPEC Oil Demand Update
Wednesday, November 11, 2020OPEC once again cut estimates for the amount of crude it will need to provide in the coming year.
OPEC+ May Not Hike Oil Production As Planned
Monday, November 09, 2020It's the latest signal that the group is reconsidering plans to hike production in January.
Abu Dhabi to Open Futures Exchange for Murban Crude
Monday, November 09, 2020By selling its crude through futures, Abu Dhabi will let the market determine the price.
Support Grows for Delaying OPEC+ Output Increase
Tuesday, November 03, 2020OPEC+ talks on delaying a January oil-output increase gathered momentum on Tuesday.
OPEC Poses Threat to Itself
Monday, November 02, 2020A fresh challenge is emerging from within the organization's own ranks.