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Brent Over $40 as OPEC+ Cut Extension Looks Likely Share your comments
Wednesday, June 03, 2020Brent oil rose above $40 a barrel for the first time in almost three months.

OPEC+ Edges Closer to Compromise Share your comments
Wednesday, June 03, 2020OPEC and its allies edged closer to a consensus on extending production cuts to prop up the oil market.

Analysts Increase Oil Price Forecast Share your comments
Wednesday, June 03, 2020Analysts at Fitch Solutions Country Risk and Industry Research have increased their forecast for the price of Brent crude oil in 2020.

OPEC+ Meeting in Doubt Share your comments
Wednesday, June 03, 2020A meeting between OPEC and its allies this month was in doubt as Saudi Arabia and Russia drew a hard line over quota cheating by some nations.

BP Southern Africa Appoints New CEO Share your comments
Wednesday, June 03, 2020BP Southern Africa has appointed Taelo Mojapelo as its new chief executive officer.

Global Gas Market Still Extraordinarily Oversupplied Share your comments
Wednesday, June 03, 2020Unlike the oil market, there's been no sign of a coordinated response to address the gas glut.

Oil Up With OPEC+ Production Cut Decision in Focus Share your comments
Tuesday, June 02, 2020Oil edged higher as the market waited to see if OPEC and its allies will extend record production curbs.

Putin and Trump Discuss OPEC+ Deal Share your comments
Tuesday, June 02, 2020Vladimir Putin and Donald Trump discussed the OPEC+ deal just days before the producers' alliance meets to discuss the future of its output cuts.

Refiners Hit Hard by Fuel Demand Destruction Share your comments
Tuesday, June 02, 2020Refiners around the world have been hit hard by fuel demand destruction caused by lockdowns and stringent travel restrictions, according to GlobalData.

Oil's Comeback Uplifts US Shale, Complicates OPEC+ Task Share your comments
Tuesday, June 02, 2020Futures settled at their highest since March 6 on Tuesday.

Pump Price Uptick Poised to Continue Share your comments
Monday, June 01, 2020Rigzone panelists offer their recommendations on what to watch in the oil market this week.

Oil Steady as Demand Risks and OPEC+ Signs Weighed Share your comments
Monday, June 01, 2020Oil steadied after a fifth weekly gain as investors weighed the demand threats from unrest in the U.S. and deteriorating relations between Washington and Beijing against signs that OPEC+ may extend supply cuts.

OPEC+ to Discuss Production Cut Extension Share your comments
Monday, June 01, 2020OPEC+ is set to discuss a short extension of its current output cuts, according to a delegate.

Oil Demand Expected to Fall 11.5 Percent Share your comments
Monday, June 01, 2020Global oil demand will decrease by 11.5 percent year on year, according to Rystad Energy's latest demand forecast.

Oil Rally Fizzles Share your comments
Monday, June 01, 2020Oil futures settled slightly lower in New York on Monday amid mixed signals from OPEC and its confederates about the timing of their next discussions.

June Could Bring Crude Oversupply Reversal Share your comments
Friday, May 29, 2020Check out this review of the most viewed downstream-related Rigzone articles from the past week.

Oil Trims Biggest Monthly Gain on US-China Anxiety Share your comments
Friday, May 29, 2020Oil trimmed its biggest monthly advance on record as crude was swept up in the broader negative sentiment around deteriorating U.S.-China relations.

China Tensions Risk $52B in US Energy Sales Share your comments
Friday, May 29, 2020China is already lagging behind its promise to buy $52 billion worth of U.S. oil, gas and other energy products.

IEA Expects Biggest Ever Drop in Energy Investment Share your comments
Friday, May 29, 2020The pandemic has set in motion the largest drop in global energy investment in history, according to the IEA.

More Industry Job Cuts Coming Share your comments
Friday, May 29, 2020Here are some of Rigzone's top stories during the last week, just in case you missed them...

Light Crude Maintains Solid Trend Share your comments
Friday, May 29, 2020Check out this review of oil market hits and misses for the week ending May 29, 2020.

Oil Facing Demand Uncertainty After Record Rebound Share your comments
Friday, May 29, 2020Crude surged about 88 percent in May, with US futures on Friday rising above $35 a barrel for the first time since March.

Oil Down on Signs US Stockpiles Swelled Share your comments
Thursday, May 28, 2020Oil extended its drop to trade near $32 a barrel after a U.S. industry report signaled crude inventories swelled for the first time in three weeks.

Pandemic Will Hasten Demise of Many Oil Refineries Share your comments
Thursday, May 28, 2020Who needs a loss-making, inflexible oil refinery in a world where demand for petroleum has been obliterated?

Gastech Postponed Share your comments
Thursday, May 28, 2020Gastech has been postponed to next year due to concerns around the global pandemic.

Subsea 7 Expects to Slash Around 3,000 Jobs Share your comments
Thursday, May 28, 2020Subsea 7 expects to slash around 3,000 people from its global workforce of 12,000 by the end of the second quarter of next year.

Oil Rallies on Demand Recovery, Output Cuts Share your comments
Thursday, May 28, 2020Investors looked past an increase in US crude stockpiles to focus on tentative signs of a recovery in fuel demand.

Oil and Gas CEOs Reaffirm Climate Action Focus Share your comments
Wednesday, May 27, 2020The CEOs stressed they continue to "focus on what matters".

Oil Down on Signs Russia May Ease Supply Cuts Share your comments
Wednesday, May 27, 2020Oil declined from the highest settlement in 11 weeks on signs Russia was planning to start easing supply cuts from July.

Oil Slips From 11-Week High Share your comments
Wednesday, May 27, 2020Investors weighed whether or not Russia would extend output curbs when OPEC+ meets in two weeks.

Americans Eye Post-lockdown Road Trips Share your comments
Tuesday, May 26, 2020Here is a preview of what to watch in the oil market this week.

Oil Up on Hopes Market May Balance in Coming Weeks Share your comments
Tuesday, May 26, 2020Oil rose above $34 a barrel following a prediction from Russia that the market may rebalance as early as next month.

The Market Has Escaped a Collapse Share your comments
Tuesday, May 26, 2020The oil market has escaped a collapse, according to Rystad Energy's head of oil market research, Bjornar Tonhaugen.

IEA Says Global Oil Demand Has Yet to Peak Share your comments
Tuesday, May 26, 2020Global oil consumption hasn't peaked, the head of the International Energy Agency warned.

Saipem Signs Global Engineering Deal with Equinor Share your comments
Tuesday, May 26, 2020Saipem has signed a two-year frame agreement with Equinor covering engineering services worldwide.

OGUK Launches Knowledge Sharing Network Share your comments
Tuesday, May 26, 2020Oil & Gas UK has launched a new online knowledge sharing network.

Oil Rallies With Producers Hiking Prices Share your comments
Tuesday, May 26, 2020Some OPEC producers are displaying signs of confidence that the market is stabilizing.

$2.7B Cut of West Africa Contracts Bound for Saipem Share your comments
Friday, May 22, 2020Here is a recap of the most popular downstream-related articles this past week on Rigzone.

Big Jump Predicted for Nat Gas Prices Share your comments
Friday, May 22, 2020Here are some of Rigzone's top stories during the last week, just in case you missed them…

Completions Death Spiral Slows Down Share your comments
Friday, May 22, 2020Rigzone panelists highlight their perspectives on the top oil market hits and misses for the week ending May 22, 2020.

Oil Posts Another Weekly Gain Despite Doubts About China Growth Share your comments
Friday, May 22, 2020Futures in New York slid 2 percent Friday but notched a 13 percent increase for the week.

BP Offshore Deals Go to Worley Share your comments
Thursday, May 21, 2020BP has formed a pair of global framework agreements with Worley tied to BP's global offshore developments.

Oil Heads for 6th Daily Rise on US Stockpile Draws Share your comments
Thursday, May 21, 2020Oil was headed for its longest run of daily gains in 15 months.

NOCs to Slash Exploration Budgets by Over a Quarter Share your comments
Thursday, May 21, 2020National oil companies around the world will slash their exploration budgets by over a quarter on average in 2020, Wood Mackenzie estimates.

Shell Planning Voluntary Job Losses Share your comments
Thursday, May 21, 2020Shell will have a clearer picture of what the reorganization of the company will look like by the end of the year.

Oil Sees Longest Streak of Gains in More Than a Year Share your comments
Thursday, May 21, 2020US supply data showed crude inventories fell for a second week after climbing steadily since January.

Oil Rally Stalls with Fed Warning Countering Cuts Share your comments
Wednesday, May 20, 2020Oil steadied after a four day gain as investors weighed signs the market is rebalancing against what's still a precarious economic outlook.

Oil Prices Surging After Plunging into Abyss Share your comments
Wednesday, May 20, 2020For the world's most important commodity, there's never been a month like it.

Oil Rises for Fifth Day Share your comments
Wednesday, May 20, 2020The US Energy Information Administration showed oil inventories declined for the second week in a row.

Repeat of Sub-Zero Oil Plunge Unlikely Share your comments
Tuesday, May 19, 2020Oil's historic crash below zero looked increasingly like an aberration as the June contract rose for a fourth day in its last session of trading before expiring.

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