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Top Headlines: USA Navy and Iran Corps Clash in Strait of Hormuz and More
Saturday, June 25, 2022Check out some of Rigzone's top stories during the last week.
Sunak Stands Firm on UK Oil Windfall Tax
Friday, June 24, 2022UK Chancellor of the Exchequer Rishi Sunak remained committed to his windfall tax.
Russian Oil Isn't Dead Yet
Friday, June 24, 2022Russian oil isn't dead yet, according to Rystad Energy Analyst Louise Dickson.
USA Energy Sec Leads Meeting with 7 Major Oil Companies
Friday, June 24, 2022Granholm led an in-person meeting with CEOs and executives of seven major U.S. oil companies.
Recession Talk Reigns Supreme
Friday, June 24, 2022One of Rigzone's regular market watchers focuses on recession talk, an unusual delay in a key crude inventory report, oil and gas prices and more.
Germany Fears Russia Could Permanently Close Main Gas Pipeline
Friday, June 24, 2022Prices for consumers could triple.
Oil Dive Will Not Bring Any Immediate Relief on Inflation
Friday, June 24, 2022While Brent crude has shed 10 percent in the past few weeks, retail prices all over the world for products like gasoline and diesel haven't fallen anywhere near as fast - and are often still rising.
OEUK to Continue to Make Case for Stable Tax Regime
Thursday, June 23, 2022OEUK's latest move comes as the UK government published its draft legislation for the Energy (Oil and Gas) Profits Levy Bill.
WoodMac: COP 27 Promising To Be A Catalyst For Decarbonization
Thursday, June 23, 2022If COP26 was all about creating the mechanisms to make the energy transition possible, COP27 promises to be the catalyst to start implementing decarbonization in earnest, Wood Mackenzie claims.
$150 Oil Could Still Happen. Here's How.
Thursday, June 23, 2022$150 oil could still happen, according to BofA Global Research.
Oil and Gas Lease Sales in Wyoming, Colorado, New Mexico Pushed Back
Thursday, June 23, 2022The dates for all sales were shifted.
UK Petrol Prices Hit Fresh Record
Thursday, June 23, 2022UK petrol prices surged to a fresh record.
Biden Escalates War of Words with Big Oil
Wednesday, June 22, 2022President Joe Biden reiterated his ire toward oil industry officials.
USA Navy and Iran Corps Clash in Strait of Hormuz
Wednesday, June 22, 2022The full interaction among all vessels lasted one hour.
UK Petrol Price Hits Fresh Record
Wednesday, June 22, 2022The price of petrol in the UK soared to a fresh record.
Russian Oil Disappears as Tankers Go Dark
Wednesday, June 22, 2022Russian oil cargoes are increasingly disappearing from view.
These Are the Largest Energy Companies by Market Cap Right Now
Tuesday, June 21, 2022Find out exactly how energy companies around the world ranked.
Double Whammy Hits European Gas Markets
Tuesday, June 21, 2022Last week, a double whammy hit European gas markets.
Biden Says Decision Nearing on Gas Tax Pause
Tuesday, June 21, 2022The move likely would require Congressional sign-off and could not be taken via executive action.
Environmental Group Seeking Injunction For Scarborough Project
Tuesday, June 21, 2022Woodside is facing a legal challenge from the Australian Conservation Foundation which is seeking an injunction to restrain Scarborough gas project activities.
Ghana Fuel Shortage Looms
Tuesday, June 21, 2022Ghana faces a looming fuel shortage.
Minister Says Libya Oil Output Has Risen
Monday, June 20, 2022Libya's oil production has risen in the past week, according to Energy Minister Mohamed Oun.
Harbour Energy Asks Sunak for Windfall Tax Rethink
Monday, June 20, 2022The government announced in May that it will impose a 25 percent windfall tax on oil and gas companies.
Limited Tools Exist for Biden to Address Gasoline Prices
Monday, June 20, 2022One of Rigzone's regular energy prognosticators takes a look at what U.S. President Joe Biden can do to address rising gasoline prices, the next OPEC+ moves, Biden's planned July trip to the Middle East and more.
USA Gasoline Price Falls
Monday, June 20, 2022The average gasoline price in the U.S. has fallen below $5 per gallon.
Iran Says Legal Work Underway for Release of Seized Ships
Monday, June 20, 2022Iran said Greece is preparing legal documents required for the release of two Greek ships.
Bolsonaro Says Petrobras Risks Brazil Chaos
Sunday, June 19, 2022President Jair Bolsonaro criticized an expected increase in domestic fuel prices by Petroleo Brasileiro SA.
Top Headlines: Oil Industry Responds to Biden Letter and More
Saturday, June 18, 2022Check out some of Rigzone's top stories during the last week.
Chevron Eyes $2.5B Investments in Low-Carbon Hydrogen
Friday, June 17, 2022Chevron Corp. plans to spend about $2.5 billion building up its hydrogen business this decade.
White House Weighs Fuel Export Limits
Friday, June 17, 2022Top Biden administration officials are weighing limits on exports of fuel.
Russia Sanctions Lead to $237B Decline in Oil Project Pipeline
Friday, June 17, 2022Novatek's $21 billion liquified natural gas plant, Yamal Arctic 2, is one of many oil and gas projects in Russia that has been put on hold.
Gasoline Soars Past $5 Per Gallon with No Sign of Slowing
Friday, June 17, 2022One of Rigzone's regular market watchers focuses on rising gasoline prices, production trends, clean hydrogen developments and more.
Norway Gasoline Hits $10 a Gallon
Friday, June 17, 2022Gas stations in Oslo were selling the unleaded fuel for about 27 kroner a liter, or about $10.30 a gallon, on Friday.
Eni Says Gazprom Cuts Gas Flows to Italy by About 15 Percent
Thursday, June 16, 2022Gazprom PJSC has cut gas supplies to Italy, state-controlled oil giant Eni SpA said.
USA Sells More Oil from Strategic Reserve
Thursday, June 16, 2022This notice of sale is part of President Biden's announcement on March 31 to release one million barrels of crude oil a day for six months.
EU Gas Market in Rough Patch After Gazprom Announcement
Thursday, June 16, 2022The European gas market has hit another rough patch.
Oil Industry Responds to Biden Letter
Thursday, June 16, 2022The American Petroleum Institute and ExxonMobil Corporation issued a response.
Goldman Says Oil Markets Tighter Than Expected
Thursday, June 16, 2022High oil prices have become a hot political issue.
California Fuel Prices Set to Soar
Thursday, June 16, 2022Gasoline and diesel prices in the Golden State may soar to fresh records.
UK Competition Authority to Carry Out Fuel Market Review
Wednesday, June 15, 2022'If competition is not working well in the retail fuel market, pump prices will be even higher than they need to be'.
Biden Tells USA Oil Refiners Record Profits Not Acceptable
Wednesday, June 15, 2022President Joe Biden told U.S. oil refiners that unprecedented profit margins are unacceptable.
Diesel Crisis Likely to Stay Unfixed by Refining Revival
Wednesday, June 15, 2022A wave of new oil refining capacity that's coming on stream won't be enough.
IEA Sees Oil Supply Struggling to Meet Demand Next Year
Wednesday, June 15, 2022Global oil supply will struggle to meet rising demand next year.
BP Oil Sands Exit May Not Be the Last
Tuesday, June 14, 2022More deals are seen as likely as local producers sit on cash hoards from $100-plus oil prices.
Texas LNG Blast Spells Trouble for Europe
Tuesday, June 14, 2022The Freeport LNG blast spells trouble for Europe.
New Development In Iran, Greece Tanker Seizure Story
Tuesday, June 14, 2022'The move significantly lowers tensions'.
Biden Sets Saudi Visit
Tuesday, June 14, 2022President Joe Biden will travel to Saudi Arabia in July, according to a senior administration official.
UK Petrol Theft Surges
Tuesday, June 14, 2022Unpaid fuel incidents increased 22 percent in the first week of the month.
Continental Gets Take Private Proposal from Hamm
Tuesday, June 14, 2022'The board intends to establish a special committee consisting of independent directors of the board to consider the proposal'.
Oil Bulls See China Comeback Pushing Prices Higher
Monday, June 13, 2022If new analysis is right, the summer is going to be painful for oil consumers everywhere.