Top Headlines: Oil May Have Risen Too Far Too Fast and More

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

Oil May Have Risen Too Far Too Fast 

Crude prices may have risen too far, too fast last week, according to one of Rigzone’s regular market watchers. WTI jumped towards the $90 per barrel mark while Brent rose to just shy of $95. 

Read full article here

Putin Orders Sakhalin-1 Project Transferred to Russian Entity

Bloomberg reported that President Vladimir Putin signed a decree to transfer operations of the Sakhalin-1 oil and gas project to Russia.

Read full article here

Nord Stream Leaks Caused by Detonations

Detonations caused the recent ruptures of Russia’s Nord Stream gas pipelines, with the evidence pointing to a deliberate act, according to Swedish investigators, Bloomberg noted.

Read full article here

Neptune To Triple Production From Romerberg Oil Field

The State Mining Authority for Rhineland-Palatinate has approved the increase of the production limit at Neptune Energy's Römerberg oil field in the Rhine Valley, south-western Germany.

Read full article here

OPEC+ Cut Will Further Raise Tensions with the West 

OPEC+’s latest production cut will further raise tensions between the group and the West, Fitch Solutions Country Risk & Industry Research has warned in a new report sent to Rigzone.

Read full article here

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