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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.
8:00 PM EST | May 13, 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'.
8:00 PM EST | May 13, 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.
8:00 PM EST | May 13, 2025
EIA Expects USA Gasoline Price to Drop in 2025 and 2026
The U.S. Energy Information Administration expects the U.S. regular gasoline retail price to drop this year and next year, according to its latest short term energy outlook.
8:00 PM EST | May 13, 2025
S&P Global Says USA Crude Oil Production Now Expected to Decline in 2026
'U.S. crude oil production is now expected to decline in 2026 - the first year on year decline in U.S. production in roughly a decade, excluding the 2020 Covid-19 pandemic', an S&P Global analysis piece stated.
8:00 PM EST | May 13, 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.
8:00 PM EST | May 13, 2025
Macquarie Strategists Forecast 7.6MM Barrel USA Crude Inventory Build
Macquarie strategists are forecasting that U.S. crude inventories will be up by 7.6 million barrels for the week ending May 9.
8:00 PM EST | May 12, 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.
8:00 PM EST | May 12, 2025
Intel Certifies Shell Lubricant for Cooling AI Data Centers
So far, companies have largely used giant fans to reduce temperatures inside AI data centers, which generate more heat in order to run at a higher power.
8:00 PM EST | May 12, 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.
8:00 PM EST | May 12, 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.
8:00 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.
8:00 PM EST | May 11, 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.
8:00 PM EST | May 11, 2025
Shell's LNG Canada Plans First Exports as Soon as Late June
Shell Plc's liquefied natural gas project in Canada, the country's first large-scale export terminal for the fuel, is preparing to begin overseas sales as soon as late June.
8:00 PM EST | May 11, 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.
8:00 PM EST | May 11, 2025
JP Morgan Says Oil Demand in Early May 'Indicates Tepid YoY Growth'
'We anticipate that oil demand will likely improve in the coming weeks', analysts at J.P. Morgan said.
8:00 PM EST | May 11, 2025
Adnoc Drilling CFO Sees $500MM of Acquisitions This Year
The drilling unit of the United Arab Emirates' biggest oil company expects to make three acquisitions in the second half of this year totaling about $500 million.
8:00 PM EST | May 09, 2025
Oman Said to Consider Selling Stake in $8B Gas Fields
Oman is looking to sell a stake in natural gas assets valued at about $8 billion, according to people familiar with the plan.
8:00 PM EST | May 08, 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.
8:00 PM EST | May 08, 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.
8:00 PM EST | May 08, 2025
Chevron Reveals Q1 Net Oil Equivalent Production Level
'U.S. net oil-equivalent production was up 63,000 barrels per day from a year earlier', Chevron noted.
8:00 PM EST | May 08, 2025
USA Crude Oil Inventories Drop Week on Week
Crude oil stocks, not including the SPR, stood at 438.4 million barrels on May 2, the U.S. Energy Information Administration's latest weekly petroleum status report showed.
8:00 PM EST | May 08, 2025
Indian LNG Buyers Embrace USA Benchmark to Balance Volatility
Indian liquefied natural gas importers have signed a flurry of long-term purchase agreements linked to the U.S. price benchmark.
8:00 PM EST | May 07, 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.
8:00 PM EST | May 07, 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.
8:00 PM EST | May 07, 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.
8:00 PM EST | May 07, 2025
Harbour Energy Expects to Cut Around 250 Jobs
Harbour Energy has told Rigzone that it expects to cut around 250 jobs.
8:00 PM EST | May 07, 2025
Nigeria Says Exxon Commits $1.5B to Deepwater Development
Exxon Mobil Corp. plans to invest $1.5 billion in a deepwater oil field in Nigeria as Africa's top producer looks to boost output, according to the nation's regulator.
8:00 PM EST | May 06, 2025
China Halts Imports of US Oil in Negative Sign for Shale Drillers
China halted purchases of U.S. crude in March as trade tensions between the two countries ramped up.
8:00 PM EST | May 06, 2025
Why Is the USA Natural Gas Price Rising?
Rigzone talks to several analysts.
8:00 PM EST | May 06, 2025
Sunoco to Buy Parkland Corp in $9B Deal
Sunoco LP announced that it will acquire Parkland Corporation in a transaction valued at $9.1 billion.
8:00 PM EST | May 06, 2025
Macquarie Strategists Forecast USA Crude Inventory Build
In an oil and gas report sent to Rigzone late Monday by the Macquarie team, Macquarie strategists revealed that they are forecasting that U.S. crude inventories will be up for the week ending May 2.
8:00 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.
8:00 PM EST | May 05, 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.
8:00 PM EST | May 05, 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.
8:00 PM EST | May 05, 2025
How Much Oil and Gas Did ExxonMobil Produce in Q1?
In its first quarter 2025 results statement, ExxonMobil revealed its oil and gas production figures for the first quarter of this year.
8:00 PM EST | May 05, 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.
8:00 PM EST | May 05, 2025
QatarEnergy Announces 25 Year Condensate Supply Deal With Shell
'We are delighted to sign QatarEnergy's first 25 year condensate sales agreement', said Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs and the President and CEO of QatarEnergy.
8:00 PM EST | May 04, 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.
8:00 PM EST | May 04, 2025
EU Set to Propose Banning Russian Gas Imports by End of 2027
The European Union is set to propose measures to ban Russian gas imports by the end of 2027.
8:00 PM EST | May 04, 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.
8:00 PM EST | May 04, 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.
8:00 PM EST | May 04, 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 PM EST | May 02, 2025
Macquarie Strategists See 'Healthy USA Crude Build' in Next EIA Report
That EIA report is scheduled to be released on May 7 and will include data for the week ending May 2.
8:00 PM EST | May 01, 2025
Chevron Cuts Buybacks and Exxon Sits Tight as Oil Plunges
Big Oil is finding it increasingly difficult to maintain share buybacks.
8:00 PM EST | May 01, 2025
Shell Shows Its Strength by Sticking to Plans Amid Oil Downturn
Shell Plc stood out from its peers.
8:00 PM EST | May 01, 2025
Is $100 Oil Possible In 2025?
Rigzone talks to Carole Nakhle, the Chief Executive Officer of London based consultancy Crystol Energy.
8:00 PM EST | May 01, 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.
8:00 PM EST | April 30, 2025
USA Crude Oil Inventories Drop Week on Week
Crude oil stocks, not including the SPR, stood at 440.4 million barrels on April 25, the EIA's latest weekly petroleum status report showed.
8:00 PM EST | April 30, 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.
8:00 PM EST | April 30, 2025