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Oil Up After Report Points to Drop in US Stockpiles
Wednesday, January 27, 2021Oil in New York rose toward $53 a barrel as an industry report pointed to a drop in U.S. crude stockpiles, adding to signs of easing supply.
2020 is Arguably Worst Year for American Oil Sector
Wednesday, January 27, 2021Last year was arguably the most devastating year in history for the North American oil and gas industry.
Subsea Expo 2021 Scrapped
Wednesday, January 27, 2021Subsea Expo will no longer take place this year, event organizer Subsea UK has revealed.
Biden Leasing Ban to Yield Uneven Impact
Wednesday, January 27, 2021Biden played up his climate policies as a source of new jobs, but energy companies and Western state officials beg to differ.
Light Crude Advances Amid Weaker US Equities
Wednesday, January 27, 2021Oil erased most of its gains as futures traded in tandem with broader markets.
Oil Groups Talk Federal Lease Freeze
Tuesday, January 26, 2021The American Petroleum Institute, the Texas Oil and Gas Association and the Louisiana Oil and Gas Association all share their views.
China Oil Demand at Risk
Tuesday, January 26, 2021Lunar New Year festivities look set to be less of a family affair in 2021.
Oil Steady as Demand Fears and Tighter Supply Mingle
Tuesday, January 26, 2021Oil traded near $53 a barrel in New York as concerns over the pandemic's latest hit to demand were tempered by signs of tighter global supply.
Focus On: Seismic
Schumer Wants Biden to Bypass Congress on Climate
Tuesday, January 26, 2021Senate Majority Leader Chuck Schumer called for President Joe Biden to declare a climate emergency.
Oil Prices Mixed Amid Fledgling Recovery
Tuesday, January 26, 2021Oil edged lower as the worsening near-term coronavirus outlook raised concerns over the obstacles still facing crude's fledgling recovery.
Elon Musk Offers $100MM Carbon Capture Prize
Monday, January 25, 2021Elon Musk has announced on Twitter that he is donating $100 million towards a prize for the best carbon capture technology.
Traders Capitalize on Bullish Cocktail of News
Monday, January 25, 2021Oil prices have good reason to start the week with gains, according to Rystad Energy.
Iran Oil Exports Creep Higher
Monday, January 25, 2021With the U.S. campaign of 'maximum pressure' now over, Iran's oil customers may be growing a little bolder.
Is the Oilfield Services Rally About to Ebb?
Monday, January 25, 2021Here are some trends to watch this week in the oil and gas markets.
Oil Prices Close Higher on Shrinking Supply Forecast
Monday, January 25, 2021Oil gained the most in about a week.
Total Finds Oil and More
Saturday, January 23, 2021Here are some of Rigzone's top upstream stories during the last week, just in case you missed them...
Biden Set to Freeze Oil Leasing on Federal Land
Friday, January 22, 2021President Joe Biden is poised to suspend the sale of oil and gas leases on federal land, which accounts for about 10 percent of U.S. supplies.
DOE Announces New Senior Leaders
Friday, January 22, 2021The U.S. Department of Energy has announced several new senior leadership appointments.
Service Companies See Spending Rebound Outside US
Friday, January 22, 2021Spending by the global oil industry outside the US is poised to rebound later this year, according to leading service companies.
Oil Prices Fall Amid Rising US Inventories
Friday, January 22, 2021Oil declined the most in a week.
Oil Dips on Demand Pessimism
Thursday, January 21, 2021Oil dipped as pessimism over the short-term demand outlook in the world's two largest economies was partially offset by more weakness in the dollar.
Shell Reshapes Malaysia Business
Thursday, January 21, 2021Shell (NYSE: RDS.A) has announced that its Malaysia business will be implementing changes to ensure that the company thrives through the energy transition and becomes a simpler organization.
Uni of Aberdeen Launches Energy Transition Degree
Thursday, January 21, 2021The University of Aberdeen has launched the UK's first postgraduate degree program in Energy Transition Systems and Technologies.
Biden Puts US on Path to Rejoining Paris Climate Deal
Thursday, January 21, 2021Biden's flurry of actions drew opposition from industry and, with Paris, even a key Senate Democrat.
Crude Oil Declines After Choppy Session
Thursday, January 21, 2021Oil ended a choppy session lower with worsening global coronavirus outbreaks accentuating concerns over a demand rebound.
Is the Mega Pipeline Era Over in the US?
Wednesday, January 20, 2021Biden has pledged to reshape the US energy sector.
Oil Prices Rise Despite Consumption Concerns
Wednesday, January 20, 2021Oil pared a rally late in the trading session amid concerns over lackluster consumption.
Oil Rises on Weaker Dollar and Commodity Optimism
Tuesday, January 19, 2021Brent oil rose, with some assistance from a weakening dollar, as the growing popularity of commodities outweighed signs that a resurgence of the coronavirus in Asia is starting to impact demand.
Incident on FPSO Espoir Ivoirien
Tuesday, January 19, 2021An incident which led to two fatalities occurred while work was being performed in a cargo tank onboard the FPSO Espoir Ivoirien.
Oil Prices Gain on Yellen Call for Big Stimulus
Tuesday, January 19, 2021Oil surged the most in over a week in London as broader markets rallied on expectations of additional US stimulus boosting the economy.
Maersk Urges Better Military Response to West Africa Piracy
Monday, January 18, 2021The Gulf of Guinea accounted for 95% of hostages taken in 22 separate instances in 2020.
Oil Prices Edge Downward
Monday, January 18, 2021Oil futures edged lower after China reported new virus cases and the dollar rose, while physical crude prices in Asia weakened.
HAL Electric Frac First and More
Saturday, January 16, 2021Here are some of Rigzone's top upstream stories during the last week, just in case you missed them...
Oil Retreats as Stronger Dollar Dents Rally
Friday, January 15, 2021Oil declined from a 10-month high as the dollar strengthened, taking the steam out of a recent rally.
US Targets CNOOC in Late Anti-China Push
Friday, January 15, 2021The Trump administration blacklisted China's third-biggest oil company over its drilling in the South China Sea.
Oil Prices Slide Again
Friday, January 15, 2021Oil slid by the most in three weeks as a stronger dollar and weak US economic data stoked concerns over an economic rebound.
Oil Pauses as Rising Fuel Supplies Threaten Rally
Thursday, January 14, 2021Oil in New York was steady after a rally that pushed prices to the highest level in 10 months ran out of steam as a rise in U.S. fuel stockpiles added to concern over a shaky demand outlook.
Equinor Bags Largest Ever US Offshore Wind Award
Thursday, January 14, 2021Equinor (NYSE: EQNR) has been selected to provide New York State with offshore wind power in what is being described as one of the largest renewable energy procurements in the U.S. to date.
Oil Futures Gain Amid $2T Stimulus Hopes
Thursday, January 14, 2021Oil rose to a new 10-month high in New York.
Oil Poised for Longest Run of Gains in 2 Years
Wednesday, January 13, 2021Oil is poised for the longest winning streak in almost two years after an industry report pointing to another decrease in U.S. crude stockpiles added impetus to a new year rally driven by Saudi Arabian output cuts.
EIA Raises 2021 Oil Price Forecasts
Wednesday, January 13, 2021The U.S. Energy Information Administration has raised its Brent spot average and West Texas Intermediate spot average prices for 2021.
Oil Prices Falter Amid Fuel Build
Wednesday, January 13, 2021Oil's red-hot rally took a breather as a stronger dollar and rising refined products supplies offset shrinking US crude inventories.
Oil Hits 10-Month High as Dollar Drops
Tuesday, January 12, 2021Oil in New York climbed to a new 10-month high as the dollar declined, increasing the appeal of commodities priced in the currency.
Wall Street Is Bullish on Oil
Tuesday, January 12, 2021Commodity investors are back in full force, with record wagers that crops, metals and oil are set for a rally.
Light Crude Ends Session Above $53
Tuesday, January 12, 2021Oil rose to a fresh 10-month high.
Oil Rally Takes Breather as Dollar Strengthens
Monday, January 11, 2021Oil retreated as the dollar strengthened, with the steam coming out of a recent rally.
Saudis Single Handedly Help Brent Break $55
Monday, January 11, 2021Saudi Arabia single handedly helped Brent rise to a fresh new record and break the $55 per barrel mark, according to Rystad Energy's senior oil markets analyst Paola Rodriguez Masiu.
US Labels Houthis Terrorists After Tanker Attacks
Monday, January 11, 2021The U.S. has classified Yemen's Houthis as a foreign terrorist organization following a series of attacks on oil tankers in the Red Sea.
Mexican Billionaire Bets on Oil Industry
Monday, January 11, 2021Carlos Slim and his family have accumulated stakes worth $230 million in oil refiner PBF Energy Inc. and pipeline operator PBF Logistics LP.
Vaccine Rollout Snags Stifle Energy Demand Rebound
Monday, January 11, 2021Here are some trends to watch for this week in the oil and gas markets.
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