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Oil Prices Finish Higher Amid Lower USA Inventories
Wednesday, May 12, 2021Oil rose to the highest level since early March.
Biden Admin Official Says Pipeline Is Best Option
Wednesday, May 12, 2021Cabinet secretary says the administration is pursuing intermodal transportation alternatives.
White House Signals Openness to Jones Act Waivers
Wednesday, May 12, 2021The century-old Jones Act requires that ships carrying goods between USA ports be built in the USA and crewed by American workers.
IEA Declares End to Global Oil Glut
Wednesday, May 12, 2021The International Energy Agency said the supply glut created by the global pandemic has cleared.
Oil Holds Gain with IEA Positive on Stockpiles
Wednesday, May 12, 2021Oil held gains after the International Energy Agency said a record glut built up last year is gone.
Light Crude Ends Session Above $65
Tuesday, May 11, 2021Oil rose as a weaker dollar lent support and offset a burgeoning pile up of crude in the USA Gulf Coast.
East Coast Motorists Finding Offline Fuel Pumps
Tuesday, May 11, 2021Gas stations along the USA East Coast are starting to run out of fuel.
India Oil Demand Spared 2020 Collapse
Tuesday, May 11, 2021The brutal Covid-19 wave sweeping across India tallying grim daily records has surpassed the severity of the 2020 outbreak.
Oil Down as Inflation Fears Erode Market Confidence
Tuesday, May 11, 2021Oil fell with global equities after a recent rally that has taken some commodities to record high levels brought on concerns over inflation.
Shelf Drilling Sees Encouraging Signs
Tuesday, May 11, 2021Shelf Drilling is seeing encouraging signs of an improving jack-up market with the recent recovery and stabilization of the oil price, the company's chief executive officer, David Mullen, has revealed.
OGA Warns UK Could Face Higher Decom Costs
Tuesday, May 11, 2021The OGA has published its new decommissioning strategy, which stresses that the market could face higher decommissioning costs if action is not taken to improve commercial practices.
Oil Prices Edge Upward and Gasoline Rally Sputters
Monday, May 10, 2021Colonial Pipeline now sees service mostly restored by the end of this week.
East Coast Faces Fuel Shortage Threat
Monday, May 10, 2021Motorists from New York to Atlanta face a growing threat of fuel shortages and surging prices.
Oil Up with Gasoline as Cyberattack Knocks Out Pipeline
Monday, May 10, 2021Crude oil climbed along with gasoline in New York after a cyberattack put the largest oil-products pipeline in the U.S. out of action.
ERCOT Expects Record Electric Demand This Summer
Monday, May 10, 2021ERCOT is anticipating record breaking electric demand this summer due to expected hot and dry conditions and continued economic and population growth throughout the region.
Neptune Energy Partners with Mental Health UK
Monday, May 10, 2021Mental Health UK has announced that Neptune Energy has pledged its support to tackle social issues, including mental health, across the UK and Europe.
Rig Sinks and More
Saturday, May 08, 2021Here are some of Rigzone's top upstream stories during the last week, just in case you missed them...
Oil Prices Finish Week Higher Amid Summer Demand Optimism
Friday, May 07, 2021Oil futures edged upward Friday and posted a gain for the week.
Oil and Gas Industry Success Fuels Energy Transition
Friday, May 07, 2021Rigzone reviews some oil and gas market hits and misses for the week ending May 7, 2021.
Big Oil Braces for Climate Votes
Friday, May 07, 2021As Europe's oil majors prepare to host their annual shareholder meetings, one topic is garnering almost all the attention.
Oil Heads for Back to Back Weekly Gain
Friday, May 07, 2021Oil headed for a second straight weekly advance as investors bet on rising energy demand amid a broader rally in commodities.
Analysts Raise 2021 Oil Price Forecast
Friday, May 07, 2021Analysts at Fitch Solutions Country Risk & Industry Research have raised their average Brent oil price forecast for 2021.
Velesto Provides Update on Sunken Rig
Friday, May 07, 2021Velesto Energy Berhad has provided an update on the Velesto Naga 7 rig, which was revealed to have submerged on May 4.
Oil Prices Decline Amid Uneven Recovery Signs
Thursday, May 06, 2021Oil declined amid the coronavirus crisis in India and a slowing demand rebound in the USA.
Gulf Coast LNG Players Pursue Risky Carbon Capture Route
Thursday, May 06, 2021They are seeking to burnish their green credentials via a costly and largely untested technology.
Oil Slides Amid Uneven Consumption Recovery
Thursday, May 06, 2021Oil slipped below $69 a barrel as traders assessed an uneven recovery in global demand.
Texas Oil Group Welcomes Bill Passage
Thursday, May 06, 2021The Texas Independent Producers & Royalty Owners Association (TIPRO) has welcomed the passage of senate bill 13.
Oil Futures Show Modest Moves
Wednesday, May 05, 2021Oil was little changed during midweek trading.
Suncor Sees Vaccines as Canada Demand Lag Solution
Wednesday, May 05, 2021Canada's oil demand isn't bouncing back like it is in the U.S. as the country fights to contain the coronavirus, the chief executive of Suncor Energy Inc. said.
Oil Up as Sagging Stockpiles Aid Bull Bets
Wednesday, May 05, 2021Oil extended a rally after U.S. stockpiles fell and reopening drives in the U.S. and Europe showed signs of boosting demand.
Oil Prices Continue Ascent
Tuesday, May 04, 2021Oil climbed to the highest since the middle of March.
Rig Sinks After Incident Offshore Sarawak
Tuesday, May 04, 2021The board of directors of Velesto Energy Berhad has revealed that an incident involving its Naga 7 rig has occurred offshore Sarawak.
Very Likely Oil Will Rise Towards $70
Tuesday, May 04, 2021It's very likely that oil will claw back towards $70 per barrel in the coming months, according to Rystad Energy.
Oil Futures Settle Higher Amid Reopening Shift
Monday, May 03, 2021Oil climbed as optimism over progress in reopening some of the world's largest economies outweighed deepening coronavirus risks elsewhere.
What Will Virus Surge Mean for Oil Demand Outlook?
Monday, May 03, 2021Check out this preview of what to watch this week in the oil and gas markets.
USA Set for Gas Boom and More
Saturday, May 01, 2021Here are some of Rigzone's top upstream stories during the last week, just in case you missed them...
Oil Prices Show Monthly Increase
Friday, April 30, 2021Oil rose this month with a slew of positive economic data and signs of a budding fuel consumption revival in key economies.
Pluses Adding Up on Crude Supply Side
Friday, April 30, 2021Here is a review of oil and gas market hits and misses for the week ending April 30, 2021.
EV Charging Industry Still Seeking Profitable Business Model
Friday, April 30, 2021The dilemma boils down to demand, and there's a certain chicken-and-egg quality to it.
Oil Drops as Global Markets Rally Takes a Breather
Friday, April 30, 2021Oil declined as a recent rally in equities and commodities paused.
WTI Settles Above $65 Threshold
Thursday, April 29, 2021Oil surpassed $65 a barrel amid signs of strengthening demand from the USA and China.
Houston Energy Event Organizers Make History
Thursday, April 29, 2021The hybrid in-person/virtual events will take place in Houston August 16.
Cable Failures Hit Offshore Wind Farms
Thursday, April 29, 2021Some of the affected projects will be easy to fix.
Energy Sec Warns Oil of Kodak Risk
Thursday, April 29, 2021Jennifer Granholm, the U.S. Secretary of Energy, has urged oil companies to diversify and not become the Kodak or Blockbuster of energy in a new video interview published by Politico.
Oil Prices Advance Amid Refined Product Draw
Wednesday, April 28, 2021Oil advanced to the highest in over a month.
Texas Upstream Adds 4,300 Jobs
Wednesday, April 28, 2021TXOGA reports the Lone Star State added 4,300 jobs in March.
Energy Cos Join Amazon, Google in TIME Top 100 List
Wednesday, April 28, 2021Equinor (NYSE: EQNR) and BP (NYSE: BP) have both made it onto TIME's first ever top 100 most influential companies list.
Oil Seesaws on OPEC+ Optimism and India Crisis
Wednesday, April 28, 2021Oil swung between gains and losses after OPEC+ confirmed it would proceed with plans to add more barrels to the market, despite a virus resurgence in some regions clouding the demand outlook.
WTI Settles Near $63 Amid Robust Signals
Tuesday, April 27, 2021Oil climbed by the most in nearly two weeks with the OPEC+ alliance and BP Plc pointing to signs of a robust demand recovery.
Oil Market Spoiled by OPEC+
Tuesday, April 27, 2021The oil market has frequently been spoiled by OPEC+, according to Rystad Energy.