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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
European Gas Jumps as EU Outlines Plan to End Russian Supply
The European Commission unveiled a roadmap to switch off the remaining flows of Russian energy.
3:00 PM EST | May 06, 2025
Russia Mulls Tightening Budget Rule Over Slumping Oil Prices
Russia is considering changing its key budget-building mechanism in response to sliding oil revenue.
12:12 PM EST | May 06, 2025
Why Is the Oil Price Rising?
Rigzone talks to Tamas Varga, an analyst at PVM Oil Associates, and Rebecca Babin, a senior equity trader for CIBC Private Wealth in New York.
11:41 AM EST | May 06, 2025
North America Loses Rigs for 9 Straight Weeks
North America dropped 11 rigs week on week, according to Baker Hughes' latest North America rotary rig count.
6:50 AM EST | May 06, 2025
CEOs Celebrate Buffett as He Calls a Close on 5,500,000 Pct Run
The famed investor delivered a return of more than 5,500,000 % on Berkshire's stock as he turned a once-failing textile firm into the most valuable company in the world that isn't either a tech giant or state oil producer.
4:00 PM EST | May 05, 2025
WTI Hits 4-Year Low After Supply Surge
OPEC+ agreed to a second major supply increase, fueling fears of a global oil glut.
3:49 PM EST | May 05, 2025
BMI Cuts Henry Hub Price Forecast
'Due to the rapid natural gas stockpile build and a looser fundamental outlook we have revised our 2025 Henry Hub annual average price forecast', BMI analysts said.
7:26 AM EST | May 05, 2025
Saxo Says Speculators Trimmed Crude Long Positions Ahead of OPEC+ Increase
'Both Brent crude and WTI fell back toward the four-year lows last seen in the aftermath of the March sell-off', Ole Hansen, Saxo Bank's head of commodity strategy, said.
6:32 AM EST | May 05, 2025
Shell Studying Merits of BP Merger
Shell is reportedly working with advisers to evaluate a potential acquisition of BP, though it's waiting for further stock and oil price declines before deciding whether to pursue a bid.
2:30 AM EST | May 05, 2025
GOP Plans Billions in Oil, Gas Sales to Help Pay for Trump's Tax Bill
House Republicans plan to raise more than $15 billion in revenue through increasing U.S. oil, gas and coal lease sales, as well as other measures.
8:00 AM EST | May 03, 2025
Crude Drops Nearing 2021 Lows Amid Supply Surge
OPEC+ is weighing another 400,000 bpd production increase, rattling already weak markets.
3:42 PM EST | May 02, 2025
Chevron Cuts Buybacks and Exxon Sits Tight as Oil Plunges
Big Oil is finding it increasingly difficult to maintain share buybacks.
9:39 AM EST | May 02, 2025
Is $100 Oil Possible In 2025?
Rigzone talks to Carole Nakhle, the Chief Executive Officer of London based consultancy Crystol Energy.
5:18 AM EST | May 02, 2025
Graham Says He Has Broad Senate Support for New Russia Sanctions
'The goal is to help the president,' Lindsey Graham, a South Carolina Republican, told reporters Wednesday.
5:00 PM EST | May 01, 2025
Oil Rebounds on Trump Sanction Threats
US oil jumped 1.8% after Trump warned of secondary sanctions on Iranian crude buyers.
3:25 PM EST | May 01, 2025
USA, Ukraine Sign Resources Deal After Fraught Negotiations
The U.S. and Ukraine reached a deal over access to the country's natural resources.
6:10 AM EST | May 01, 2025
JP Morgan Analysts Say Sentiment on Oil is Neutral to Optimistic
'Many believe we are in a 'peak Trump' phase, suggesting that the worst is behind us and we are now entering a period of de-escalation', JP Morgan analysts said.
5:28 AM EST | May 01, 2025
Alberta Leader Smith Lashes Out at Liberals, Wants New Deal
Alberta Premier Danielle Smith challenged Mark Carney to strike a better deal for her oil-rich province.
5:00 PM EST | April 30, 2025
WTI Falls Below $60 as OPEC+ Considers Production Hike
Oil prices sank as Saudi Arabia hinted at enduring low prices and boosting output.
3:53 PM EST | April 30, 2025
Analysts Look at Upcoming OPEC+ Meeting
'OPEC+ has demonstrated it still has pricing power', Ole R. Hvalbye, a commodities analyst at Skandinaviska Enskilda Banken AB (SEB) said.
10:36 AM EST | April 30, 2025
Scale, Speed of Spain, Portugal Power Outage Raises Concerns
Rigzone experienced the power outage in Lisbon, Portugal, first-hand.
6:04 AM EST | April 30, 2025
Oil Market Is Going Through a Critical Phase
'It seems that the global oil market is going through a critical phase', Rania Gule, a senior market analyst at XS.com-MENA, said in a market analysis sent to Rigzone on Wednesday.
5:07 AM EST | April 30, 2025
Vitol Steps Up Venezuela Oil Buying Before USA License Lapses
Vitol is set to load at least 2.5 million barrels of Venezuelan oil this month, according to documents seen by Bloomberg.
5:00 PM EST | April 29, 2025
Oil Slumps as Consumer Confidence Sinks
US consumer confidence weakened sharply, reinforcing fears of slowing oil demand.
3:52 PM EST | April 29, 2025
June Natural Gas Contract 'Jumps Into Front Month Role'
'The May contract rolled off the board at $3.170 yesterday as natural gas buyers awakened from a month-long slumber', Eli Rubin, an energy analyst at EBW Analytics Group, said.
10:57 AM EST | April 29, 2025
Oil's Rarest 'Smile' Fascinates Morgan Stanley as Glut Looms
The global oil market is in very rare territory right now.
10:30 AM EST | April 29, 2025
Offshore TotalEnergies Workers Being Balloted for Strike Action
Unite announced that offshore workers employed by TotalEnergies are being balloted for strike action.
10:12 AM EST | April 29, 2025
Total USA Petroleum Products Demand Projected to Rise in 2025 and 2026
The EIA expects total U.S. petroleum products consumption to increase in 2025 and 2026.
7:49 AM EST | April 29, 2025
North America Loses Rigs for 8 Straight Weeks
The total North America rig count stands at 715, according to Baker Hughes' latest North America rotary rig count.
4:56 AM EST | April 29, 2025
Crude Dips to Two-Week Low Amid Trade War Fears
Oil prices slid as weak US data and trade tensions with China deepened worries over energy demand.
4:52 PM EST | April 28, 2025
What Are the Latest AI Developments Oil and Gas Needs to be Aware Of?
Rigzone talks to Toni Fadnes, the Chief Transformation Officer of eDrilling.
4:54 AM EST | April 28, 2025
Trade War Is Diverting USA Petroleum Gas Cargoes Away From China
The diversions show the disruption to supply chains caused by the trade fight between the U.S. and China.
4:00 PM EST | April 25, 2025
WTI Ends Higher But Logs Weekly Loss
Oil prices edged up slightly as conflicting US-China trade signals kept markets cautious.
3:53 PM EST | April 25, 2025
Energy Secretary Aims to Reassure Oil Bosses Amid Trade War
Energy Secretary Chris Wright sought to reassure U.S. oil companies during a visit to Oklahoma.
9:47 AM EST | April 25, 2025
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