Top Headlines: Oil Market Shows Extreme Sensitivity to OPEC+ Suggestions

Here are some of Rigzone’s top stories during the last week, just in case you missed them…

Oil Market Shows Extreme Sensitivity to OPEC+ Suggestions

The oil market has shown extreme sensitivity to suggestions that OPEC+ ministers might consider increasing output targets, a recent report from Standard Chartered highlighted.

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Oil Markets May Be Misjudging News of China Lockdown

Oil markets may be misjudging news of China’s lockdown, according to a new market note sent to Rigzone by Rystad Energy late Monday.

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USA Adds Rigs Again

The U.S. added a total of two land rigs week on week, according to Baker Hughes’ rotary rig count published on November 23.

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Shell Selling Stakes in UK North Sea Oil Fields

Shell Plc is selling its stakes in a group of North Sea oil fields, according to marketing materials seen by Bloomberg News.

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Shell Buys Renewable Natural Gas Producer For $2 Billion

Shell Petroleum reached an agreement with Davidson Kempner Capital Management, Pioneer Point Partners, and Sampension to acquire Nature Energy Biogas for nearly $2 billion.

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Greta Thunberg Sues Her Country For Failing On Climate

A group of children and young adults including Greta Thunberg filed a class action lawsuit against the Swedish state for failing to take adequate measures to stop climate change, Bloomberg reported.

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To contact the author, email andreas.exarheas@rigzone.com