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Oil Falls as Inventories Climb
Reports of Israel preparing a strike on Iran stirred oil markets but failed to halt a price drop.
4:03 PM EST | May 21, 2025
Trump Sets Stage to Sell Ocean Mining Rights Off American Samoa

The Interior Department said Tuesday it planned to seek information from the public and gauge commercial interest from companies in potentially exploring the area.
4:00 PM EST | May 21, 2025
Oversold NatGas Trampolines Higher, EBW Analyst Says

'Fundamentals do not explain Monday's dramatic sell-off or Tuesday's rip higher', said Eli Rubin, an analyst at EBW Analytics Group.
10:26 AM EST | May 21, 2025
Texas Industry Groups Look at April Upstream Employment

'TIPRO's new workforce data still indicated strong job postings for the Texas oil and natural gas industry', the Texas Independent Producers and Royalty Owners Association said.
7:51 AM EST | May 21, 2025
Macquarie Strategists Forecast Week on Week USA Crude Inventory Drop

Macquarie strategists are forecasting that U.S. crude inventories will be down by 3.4 million barrels for the week ending May 16.
6:50 AM EST | May 21, 2025
India Plans to Spend $10B on Homebuilt Oil Tanker Fleet

India plans to spend 850 billion rupees ($10 billion) to purchase 112 crude carriers through 2040, people familiar with the matter said.
4:00 PM EST | May 20, 2025
WTI, Brent Edge Lower in Choppy Trade
Traders remain cautious amid mixed signals on sanctions and global supply.
3:44 PM EST | May 20, 2025
There Were 3 Drivers to Monday's USA Natural Gas Price Pullback

There were three drivers to yesterday's U.S. natural gas price pullback, Art Hogan, Chief Market Strategist at B. Riley Wealth, told Rigzone.
10:25 AM EST | May 20, 2025
DOE Backs LNG Exports in Verdict on Biden-Era Study

The DOE said it will proceed with issuing final orders on pending applications to export LNG to non-FTA countries.
9:34 AM EST | May 20, 2025
Analyst Says Trump Essentially Walked Away from Russia-Ukraine War

'What this means for the oil price is rather foggy', said Bjarne Schieldrop, Chief Commodities Analyst at SEB.
8:42 AM EST | May 20, 2025
UK, EU Agree to Link Carbon Markets in Post-Brexit Reset

The move comes as part of Monday's UK-EU summit.
4:56 AM EST | May 20, 2025
Russia Detains Oil Tanker That Left Estonia, Report Says

The vessel is owned by Aegean Shipping of Greece and carrying shale oil on board.
4:30 AM EST | May 20, 2025
India Readies Gas Power Fleet to Prevent Summer Blackouts

Electricity demand in the country has outpaced generation growth, resulting in shortages when consumption surges.
4:00 PM EST | May 19, 2025
Oil Ends Higher After Volatile Day
Uncertainty over sanctions on Iran and Russia kept markets volatile despite modest gains.
3:48 PM EST | May 19, 2025
North America Adds Rigs for First Time in Months

North America added five rigs week on week, according to Baker Hughes' latest North America rotary rig count.
10:24 AM EST | May 19, 2025
OPEC+ Did Not Lift Production to Kill the Oil Price, SEB Says

'There is no sign of a blasting price war emerging between OPEC+ and U.S. shale oil producers', SEB Chief Commodities Analyst Bjarne Schieldrop said.
5:36 AM EST | May 19, 2025
Trump Targets Billions in Energy Grants for New Round of Audits

Energy Secretary Chris Wright is ordering the stepped-up scrutiny.
8:00 AM EST | May 17, 2025
Oil Rises as Iran Talks Stall
Oil prices rose after Iran downplayed progress in nuclear talks with the US.
3:49 PM EST | May 16, 2025
Natural Gas Retreats Amid Repeated Substantial Injections, EBW Analyst Says

'In our view, the bullish impulses of the gas market may prove correct - but are just early', Eli Rubin, an energy analyst at EBW Analytics Group, said.
10:50 AM EST | May 16, 2025
Legislation for Great British Energy Passes Through Parliament

'Great British Energy comes from a simple idea - British people should own and benefit from our own natural resources', UK Energy Secretary Ed Miliband said.
5:09 AM EST | May 16, 2025
IEA Says Global Oil Demand Growth to Slow For Rest of 2025

Faltering consumption threatens a further blow to oil prices.
5:00 PM EST | May 15, 2025
Oil Slips as Trump Eyes Iran Deal
Demand concerns and rising OPEC+ output continue to pressure prices.
3:50 PM EST | May 15, 2025
Russia Oil Export Revenue at Lowest Since 2023 as Prices Slump

The price of the Brent benchmark is more than 14 percent down so far this year.
8:33 AM EST | May 15, 2025
Oil Prices Have Risen Strongly Over the Past Week

Oil prices have risen strongly over the past week, analysts at Standard Chartered Bank said in a report sent to Rigzone late Tuesday.
8:04 AM EST | May 15, 2025
Why Is the Oil Price Dropping Today?

Rigzone talks to Bill Farren-Price, Senior Research Fellow and Head of Gas Research at the Oxford Institute for Energy Studies, and Lucas Herrmann, the Head of Oil & Gas Equity Research at BNP Paribas Exane.
6:33 AM EST | May 15, 2025
Carney Says He's Open to Changing Green Laws to Boost Energy Projects

His Liberal government faces a tense relationship with the premier of the oil-rich province of Alberta, where some are even agitating to secede from Canada.
4:00 PM EST | May 14, 2025
Crude Slips After Inventory Surge
Optimism from the US-China trade truce was overshadowed by bearish government data.
3:44 PM EST | May 14, 2025
USA DOE Announces 1st Step in its 'Largest Deregulatory Effort in History'

In a statement posted on its website this week, the U.S. Department of Energy announced 'the first step in the Energy Department's largest deregulatory effort in history'.
10:48 AM EST | May 14, 2025
US, Saudi Arabia Ink Energy, Critical Mineral Deals

The agreements were signed during Trump's visit to the kingdom, in which the U.S. president secured $600 billion in investment commitments from Saudi partners.
10:30 AM EST | May 14, 2025
Trump Favors $40-$50 Oil, Goldman Says After Sifting Posts

President Donald Trump appears to prefer U.S. oil prices between $40 and $50 a barrel, according to Goldman Sachs Group Inc.
8:22 AM EST | May 14, 2025
Ghana's Mahama Fine Tuning Regime to Accelerate Crude Extraction

Ghana is encouraging investors to get the country's crude out of the ground.
3:51 AM EST | May 14, 2025
Crude Rebounds Over 11% from Lows
Oil jumped nearly 3% as Trump threatened new sanctions on Iranian crude exports.
3:50 PM EST | May 13, 2025
GOP to Phase Out Biden Energy Credits to Pay for Tax Cuts

The incentives put in place by former President Joe Biden's signature climate law have been ripe targets for lawmakers looking for trillions of dollars to help pay for extending Trump's tax cuts.
11:20 AM EST | May 13, 2025
President Trump Visits Saudi Arabia

'With Brent hovering around $65, it's unlikely that oil prices will dominate the agenda during the Saudi visit', SEB Commodities Analyst Ole R. Hvalbye said.
7:07 AM EST | May 13, 2025
North America Loses Rigs for 10 Straight Weeks

North America cut 12 rigs week on week, according to Baker Hughes' latest North America rotary rig count.
6:17 AM EST | May 13, 2025
Oil Prices Rise on Eased Trade Tensions
Analysts indicate the truce removed $3–$5 of downside from oil prices.
4:16 PM EST | May 12, 2025
Equinor Weighs Killing NY Wind Farm After White House Visit

A termination would cause the company to lose much of its $2.7 billion investment on the project.
4:00 PM EST | May 12, 2025
USA EIA Cuts Henry Hub Natural Gas Price Forecast for 2025

The U.S. Energy Information Administration has reduced its Henry Hub natural gas spot price forecast for 2025 in its latest short term energy outlook.
10:33 AM EST | May 12, 2025
Constructive USA-China Tone Lifts Market Sentiment

Crude oil prices rose on Monday, extending their rebound, Inki Cho, Financial Markets Strategist Consultant to Exness, stated in a market analysis sent to Rigzone today.
7:00 AM EST | May 12, 2025
WTI Tops $61 on Trade Hopes
Oil rose as short sellers exited and optimism grew ahead of US–China trade talks.
3:33 PM EST | May 09, 2025
USA EIA Lowers WTI Oil Price Forecasts

The U.S. Energy Information Administration lowered its West Texas Intermediate spot average price forecasts for 2025 and 2026 in its latest short term energy outlook.
10:38 AM EST | May 09, 2025
Ukrainian Parliament Ratifies Natural Resources Deal With USA

Ukraine's parliament ratified a deal with the U.S. over access to the country's natural resources.
9:00 AM EST | May 09, 2025
Oil Gains 3% as Trade Hopes Rise
Falling US inventories and bullish options activity provided further support for oil prices.
3:48 PM EST | May 08, 2025
EIA Cuts 2025 and 2026 Brent Oil Price Forecast

The U.S. Energy Information Administration cut its average Brent oil spot price forecast for 2025 and 2026 in its latest short term energy outlook.
10:25 AM EST | May 08, 2025
BP-Shell Megadeal Would Create European Rival to Exxon Mobil

If Shell Plc were to acquire BP Plc, it would be among the largest deals in European history.
10:09 AM EST | May 08, 2025
Standard Chartered Says OPEC+ Policy 'Explained by 2 Main Factors'

It is very easy to fall for the temptation of layering various types of conspiracy theories together as explanations of changes in OPEC+ policy, analysts at Standard Chartered Bank said.
7:47 AM EST | May 08, 2025
Harbour Energy Expects to Cut Around 250 Jobs

Harbour Energy has told Rigzone that it expects to cut around 250 jobs.
5:47 AM EST | May 08, 2025
Oil Drops on Powell Rate Comments
Oil prices fell after Fed Chair Powell signaled no rush to cut rates.
4:01 PM EST | May 07, 2025
Why Is the USA Natural Gas Price Rising?

Rigzone talks to several analysts.
10:48 AM EST | May 07, 2025
Oil Rebounds on Signs of US Output Decline
Diamondback Energy expects a 10% rig drop and warns of a shale tipping point.
3:40 PM EST | May 06, 2025
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