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Top Headlines: What Will World Oil Demand Be in 2023?
Saturday, May 27, 2023Check out some of Rigzone's top stories during the last week.
Colombia Rethinking Fossil Fuel Exploration Ban: Minister
Friday, May 26, 2023“We'll certainly take measures to ensure environmental sustainability, but also economic sustainability.”
Riled on Nord Stream Probe, Russia Summons European Envoys
Friday, May 26, 2023Russia protested what it said was the refusal of Denmark, Germany and Sweden to let Moscow participate in investigations into the Nord Stream “sabotage".
UK Lowers Energy Ceiling Prices
Friday, May 26, 2023But the energy utility regulator warned many households could still struggle to pay bills.
Half of Oil and Gas Workers Find Their Work Exhausting
Friday, May 26, 2023Fifty percent of oil and gas workers are finding their work exhausting, according to O.C. Tanner's 2023 Global Culture Report.
China Solar Exports Grow to $52B
Friday, May 26, 2023China's solar exports grew 64 percent to $52 billion in 2022 despite global trade tensions, according to Wood Mackenzie.
Saudi Arabia Snaps Up Russian Diesel and Sends Its Own to Europe
Friday, May 26, 2023Saudi Arabia is snapping up millions of barrels of Russian diesel that Europe no longer allows.
Oil Futures Settle on Second Weekly Gain
Friday, May 26, 2023Improving hopes for a USA debt limit deal bolstered prices on the week.
Colombia Gas Reserves at Record Low as Petro Pushes for Clean Energy
Thursday, May 25, 2023Oil reserves also dropped, putting pressure on the president to rethink his ban on new fossil fuel exploration.
UK Annual Household Energy Inflation Eased April
Thursday, May 25, 2023Household energy costs in the UK eased in the 12 months to April 2023 mainly due to lower gas prices.
North Sea to See Record Strike Action in June
Thursday, May 25, 2023'The latest rounds of strike action in June will see the biggest group of offshore workers to date taking strike action'.
Machine Learning Has Potential to Transform Oil and Gas
Thursday, May 25, 2023'Machine learning is a rapidly growing field in the oil and gas industry'.
Oil Falls as Russia Negates Production Cut Notion
Thursday, May 25, 2023Oil fell the most since early May after Russia downplayed the likelihood of another OPEC+ production cut.
Intensity of US Oil, Gas Methane Emissions Down: Report
Wednesday, May 24, 2023The intensity of methane emissions from oil and gas production in the USA reportedly fell 28 percent between 2019 and 2021.
USA Extends Wind-Down Window for Companies with Venezuela Assets
Wednesday, May 24, 2023Baker Hughes, Halliburton, Schlumberger and Weatherford have until November 19 to wind down their business in Venezuela.
Speculative Positioning in Crude Back to March Bearish Extreme
Wednesday, May 24, 2023'Speculative short positions have increased by 123.9 million barrels over the past four weeks, the largest four-week rise since November 2018'.
Russia Agrees to Extend Black Sea Grain Deal
Wednesday, May 24, 2023Russia has agreed to extend the Black Sea Grain deal for a further 60 days.
PM Says Bangladesh Will Buy Oil at a Comfortable Price
Wednesday, May 24, 2023Bangladesh will buy oil from whoever gives a 'comfortable price', Prime Minister Sheikh Hasina said.
What a Dark Fleet Tanker Looks Like
Wednesday, May 24, 2023Insufficient documentation, safety lapses and murky backgrounds are all too typical of so-called dark-fleet tankers that have proliferated since Russia's invasion of Ukraine.
Oil Extends Rally Led by Saudi Warning
Wednesday, May 24, 2023Oil rose for a third day as a bullish US stockpile report propelled a rally led by Saudi Arabia's warning to short sellers.
Sinopec Enters Sri Lanka Retail Fuel Market
Tuesday, May 23, 2023Sri Lanka signed a deal with Sinopec adding it to the energy-starved country's retail fuel suppliers.
Most of North America at Risk of Energy Shortfalls This Summer
Tuesday, May 23, 2023Two thirds of North America is at risk of energy shortfalls this summer, NERC has revealed.
Where Will WTI Oil Price Land This Year?
Tuesday, May 23, 2023Rigzone looks at recent EIA, Standard Chartered, and BMI projections.
Qatar Warns Europe of Gas Shortages
Tuesday, May 23, 2023Qatar warned that governments' energy-transition policies will discourage investment in fossil fuels.
PDC Energy Deal Makes Chevron Even More Formidable in Colorado
Tuesday, May 23, 2023Monday morning provided some corporate M&A fireworks.
Oil Rises as Traders Assess Saudi Minister Warning
Tuesday, May 23, 2023Oil rose to near $73 as traders evaluated a warning from Saudi Energy Minister Prince Abdulaziz bin Salman to short-sellers, offsetting a lack of tangible progress in US debt-limit talks.
Outages Hit Canada Oil Supply as Alberta Wildfires Persist
Monday, May 22, 2023Disruptions to oil and gas production induced by Alberta's wildfires have buyers facing supply cuts.
Russia Reportedly Delivering Nearly 1.44 Bcf of Gas a Day via Ukraine
Monday, May 22, 2023Russia's gas deliveries to western and central Europe have reportedly been averaging nearly 1.44 Bcf per day.
Nigeria Eyes Over $50B Oil Projects in Five Years
Monday, May 22, 2023Nigeria targets more than $50 billion worth of oil development projects in the next five years.
What Will World Oil Demand Be in 2023?
Monday, May 22, 2023Where will oil demand land this year? It depends on who you ask.
Petrobras to Appeal License Rejection for Drilling Near Amazon
Monday, May 22, 2023Petrobras said it had received backing from Brazil's Mines and Energy Ministry.
What New Oil and Gas Jobs Will Exist in the Future?
Monday, May 22, 2023'Brand new jobs will be around AI technology'.
North America Rig Count Now Lower Than Year Ago Level
Monday, May 22, 2023North America dropped another 20 rigs week on week, according to Baker Hughes.
Oil Up Slightly Ahead of Debt Ceiling Talks
Monday, May 22, 2023Oil markets were little changed with traders avoiding decisive action as US lawmakers prepped for final negotiations on the debt ceiling.
Top Headlines: BMI Projects Gasoline Price Through to 2026
Saturday, May 20, 2023Check out some of Rigzone's top stories during the last week.
Net-Zero World by 2050 Unlikely: ExxonMobil
Friday, May 19, 2023ExxonMobil cited the drop in living standards that would come with such a scenario.
UK Awards First Carbon Storage Licenses
Friday, May 19, 2023The storage sites could hold 10 percent of total UK yearly emissions by 2030.
Leading Organizations Create North Sea Mental Health Charter
Friday, May 19, 2023'Despite past efforts, the needle on mental health improvement does not seem to be moving in the right direction'.
USA Oil and Gas Supported Nearly 11MM Jobs
Friday, May 19, 2023The U.S. oil and gas industry supported nearly 11 million jobs and contributed nearly $1.8 trillion to the U.S. economy in 2021, according to a new study.
Oil Market Watcher Talks Drama Filled, Mouth Gaping Week
Friday, May 19, 2023One of Rigzone's regular market watchers takes a look at the U.S. debt-ceiling talks, the latest DOE developments, an upcoming battle for the WTI oil price and more.
Oil Falls Slightly Friday but Posts Weekly Gain
Friday, May 19, 2023Oil posted the first weekly gain since early April after tracking broader market sentiment that embraced risk assets on rising optimism the US will reach a debt-ceiling deal.
Ineos Founder Fears for North Sea Future
Thursday, May 18, 2023'We are now seeing many operators pausing or canceling their investment plans'.
GHG Intensity of USA Oil Said to be Significantly Lower Than Most Regions
Thursday, May 18, 2023'The U.S. Gulf of Mexico energy production sets the standard for oil and gas production worldwide'.
Colombia Oil Reserves Seen Falling as Petro Bans New Drilling
Thursday, May 18, 2023An imminent Colombian government tally of the nation's oil reserves is expected to show a decline.
Australia Oil, Gas Needs to Urgently Fast Track Energy Super Basins
Thursday, May 18, 2023A super basin is an area where large hydrocarbon resources are co-located with the potential for plentiful clean electricity and large-scale carbon capture and storage.
Oil Dips as Fears of More Rate Hikes Build
Thursday, May 18, 2023Oil edged lower as the potential for additional rate hikes from the Federal Reserve underpinned concerns about a recession that would weaken demand.
USA DOE to Repurchase Up to 3MM Barrels of Oil for SPR
Wednesday, May 17, 2023'DOE is committed to executing an SPR replenishment strategy that provides the best deal for taxpayers'.
What Does a 2023 USA Recession Mean for Oil and Gas in the Country?
Wednesday, May 17, 2023'A 2023 recession would be bad for the oil and gas industry and, obviously, for Americans in general'.
Russia Steals Oil Market Share in Asia from Energy Allies
Wednesday, May 17, 2023Russia is finding oil customers in Asia to replace sanctions-blocked European buyers.
Oil Rises Amid Broader Risk On Sentiment
Wednesday, May 17, 2023Oil advanced as traders embraced risky assets amid optimism for the US debt-ceiling talks, largely ignoring a bearish US stockpile report.
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