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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
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
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