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Top Headlines: Oil Market Shows Extreme Sensitivity to OPEC+ Suggestions
Saturday, December 03, 2022Check out some of Rigzone's top stories during the last week.

EU Closing In on $60 Cap for Russian Oil
Saturday, December 03, 2022The European Union is closing in on a deal to cap the price of Russian crude oil at $60 a barrel.

China Is Snapping Up Russia Oil
Friday, December 02, 2022Oil refiners in China have started to snap up Russian crude cargoes.

OPEC Slashes Oil Output by Most Since 2020
Friday, December 02, 2022OPEC cut crude production by the most since 2020.

Analyst Looks at Latest Oil Price Moves
Friday, December 02, 2022One of Rigzone's regular market watchers looks at the latest oil price moves, Venezuelan crude flows, Chinese government actions and more.

Norway, Germany Propose NATO Subsea Asset Surveillance Center
Friday, December 02, 2022'Chancellor Scholz and I have taken an informal initiative today to improve the protection of subsea infrastructure'.

Russian Upstream Investments Projected to Plunge
Friday, December 02, 2022'The financial impact of Western sanctions and the widescale exodus of foreign partners from the Russian oil and gas sector are beginning to materialize'.

Shipping Costs for Russian Oil Soar
Friday, December 02, 2022Shipping costs for Russian crude are skyrocketing.

Maduro Calls for More Sanctions Relief After Chevron License
Thursday, December 01, 2022Venezuela President Nicolas Maduro urged the U.S. to ease more sanctions on the country's beleaguered oil industry.

Gasoline Price Drops Below $3.50 for 1st Time Since February
Thursday, December 01, 2022The average price of gasoline dropped below $3.50 a gallon for the first time since February.

House Passes Legislation to Avert Rail Shutdown
Thursday, December 01, 2022The threat of the rail strike was identified as a short-term supply risk in Rystad Energy's latest North America gas and LNG market update.

Europe Winter Chill Will Challenge Energy Systems
Thursday, December 01, 2022Temperatures across Europe likely will plummet this month.

Case For Another Significant OPEC+ Cut is Weak
Thursday, December 01, 2022The case for another significant OPEC+ cut similar to October's is weak.

EU Is Hooked on Russia LNG
Wednesday, November 30, 2022Liquefied natural gas imports from Russia are up about 40 percent in a year.

Analyst Flags Rail Strike Threat as Short Term Supply Risk
Wednesday, November 30, 2022The threat of a sweeping rail strike has been identified as a short-term supply risk.

Norway Postpones 26th Licensing Round To 2025
Wednesday, November 30, 2022Norway has decided not to issue licenses for energy companies to explore oil and gas in frontier areas during the reign of the current parliament.

Chevron to Send First Venezuelan Crude Shipment to USA by Late Dec
Wednesday, November 30, 2022Washington on Saturday granted the San Ramon, California-based company a limited license to restart some work in Venezuela.

Oil Tanker Hijacked for 2nd Time in 12 Months
Wednesday, November 30, 2022The B OCEAN was subject to a second hijack and fuel theft this year.

What Will OPEC+ Do Next?
Tuesday, November 29, 2022The Organization of Petroleum Exporting Countries and allies including Moscow meet this weekend to decide on output.

BOEM to Offer 958K Acres Off Alaska Coast in New Lease Sale
Tuesday, November 29, 2022The sale will offer for lease 193 blocks in the northern part of the Cook Inlet Planning Area in federal waters.

NSTA CEO Interrupted By Protesters At Conference In London
Tuesday, November 29, 2022The CEO of the NSTA has been shouted off stage by environmental activists during a speech at the World Energy Capital Assembly in London.

Russian Diesel Halt Still Looking Like Europe's Big Problem
Tuesday, November 29, 2022Europe continues to lean heavily on Russia as a source of diesel.

Timing of Sao Tome Coup Attempt Bad for Hydrocarbon Sector
Tuesday, November 29, 2022'The coup attempt is incredibly damaging for the country's political and ESG credentials, and will likely deter investors in the nascent oil and gas industry'.

Oil Markets May Be Misjudging News of China Lockdown
Tuesday, November 29, 2022'China's nationwide road traffic has so far been resilient despite the latest round of lockdowns'.

APPEA Calls On Victorian Gov't To Encourage New Gas Supply
Tuesday, November 29, 2022Australia's oil and gas industry believes that the re-elected Victorian Labor government should encourage new gas supply development to help put downward pressure on prices.

OPEC+ Seen Considering Deeper Output Cuts
Tuesday, November 29, 2022OPEC and its allies are expected to consider deeper supply curbs.

Global Crude Oil Inventories Rising
Tuesday, November 29, 2022Global crude oil inventories have been rising prior to a European embargo on Russian crude imports.

Ghana in Talks With Dubai Oil Refiner to Barter Gold for Fuel
Monday, November 28, 2022'Starting next October, all our oil-product needs would be swapped for gold'.

Russia Drafts Decree Banning Oil Sales to Price Cap Participants
Monday, November 28, 2022The European Union has been struggling to agree on how strict a price cap should be.

EU Diesel Market Caught Between Rock and a Hard Place
Monday, November 28, 2022The European Union is caught between a rock and a hard place.

Wood Mackenzie: Five Key Takeaways From COP27
Monday, November 28, 2022With the COP27 now wrapped up, Wood Mackenzie's Energy Transition team shared their five key takeaways from the climate summit.

Chevron to Resume Venezuela Oil Output
Monday, November 28, 2022The Biden administration granted Chevron Corp. a license to resume oil production in Venezuela.

Oil Market Shows Extreme Sensitivity to OPEC+ Suggestions
Monday, November 28, 2022'The depth of the initial fall also demonstrates that some traders do not perhaps listen to some very specific statements carefully enough'.

EU Oil Price Cap Talks Stopped Over Too Generous Proposal
Sunday, November 27, 2022EU diplomats suspended talks on capping Russian oil prices, as Poland and the Baltic states said no to a 'too generous' proposal to Moscow.

Greta Thunberg Sues Her Country For Failing On Climate
Saturday, November 26, 2022A group of children and young adults including Greta Thunberg have filed a lawsuit against Sweden for failing to take adequate measures to stop climate change.

Top Headlines: Biden Requests $500MM for Strategic Petroleum Reserve
Saturday, November 26, 2022Check out some of Rigzone's top stories during the last week.

EU Set to Resume Talks on Price for Russian Oil Cap Tonight
Friday, November 25, 2022European Union diplomats are set to meet Friday evening to see if they can hammer out a final deal.

The USA Did Not Run Out of Diesel Last Monday
Friday, November 25, 2022The U.S. did not grind to a halt on 21 November.

Global Oil Market Flashes Warnings
Friday, November 25, 2022The global oil market keeps sending up flares on the outlook for weaker demand.

Ex-Chief of Norway Defense Recommended for Equinor Board Election
Friday, November 25, 2022Equinor's latest board recommendation comes after the Norwegian Government announced in September that it had decided to heighten emergency preparedness.

California Governor Accused of Playing Politics on Gasoline Prices
Thursday, November 24, 2022Refiner PBF Energy Inc. has rejected a request from California energy regulators to testify at a hearing next week on gasoline price spikes.

Gazprom May Cut Supplies Via Ukraine This Month
Thursday, November 24, 2022Supplies to Europe would be further reduced if flows via Ukraine are halted.

Fitch Solutions Lowers Gasoline Price Forecast
Thursday, November 24, 2022Fitch Solutions Country Risk & Industry Research has lowered its NYMEX RBOB gasoline price forecasts for 2022 and 2023.

EU Aims for Russian Oil Price Cap Deal
Thursday, November 24, 2022European Union diplomats are optimistic they can reach a deal as early as Thursday.

North Sea Authority Launches Another Investigation
Thursday, November 24, 2022The NSTA outlined that its probe could result in action being taken.

Trafigura Offering Europe Fuel
Wednesday, November 23, 2022Commodities trading giant Trafigura Group is working on deals to supply Europe with fuel.

EU Considers Imposing Price Cap of $65-$70 on Russian Oil
Wednesday, November 23, 2022The European Union is discussing a price cap on Russian oil between $65 and $70 a barrel, according to people familiar with the matter.

Brent Under Renewed Pressure This Month
Wednesday, November 23, 2022Brent crude has come under renewed pressure in November.

Jones Act Is Making The US Diesel Shortage Worse
Wednesday, November 23, 2022One of the main factors underpinning the price of diesel in the US is the Jones Act, making shipping fuel from one US port to another more expensive than sending it to Europe.

Enbridge Rations Pipeline Space
Wednesday, November 23, 2022Enbridge is rationing space on its key Canada line.