US Rig Count Sinks to 318
Tuesday May 26, 2020 - Year on year, the US rig count is down 665 rigs from last year's 983.
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Oil Down on Signs US Stockpiles Swelled
Thursday, May 28, 2020Oil extended its drop to trade near $32 a barrel after a U.S. industry report signaled crude inventories swelled for the first time in three weeks.
Thursday, May 28, 2020Gastech has been postponed to next year due to concerns around the global pandemic.
Oil and Gas CEOs Reaffirm Climate Action Focus
Wednesday, May 27, 2020The CEOs stressed they continue to "focus on what matters".
Oil Down on Signs Russia May Ease Supply Cuts
Wednesday, May 27, 2020Oil declined from the highest settlement in 11 weeks on signs Russia was planning to start easing supply cuts from July.
Oil Slips From 11-Week High
Wednesday, May 27, 2020Investors weighed whether or not Russia would extend output curbs when OPEC+ meets in two weeks.
US Rig Count Sinks to 318
Tuesday, May 26, 2020Year on year, the US rig count is down 665 rigs from last year's 983.
Americans Eye Post-lockdown Road Trips
Tuesday, May 26, 2020Here is a preview of what to watch in the oil market this week.
Oil Up on Hopes Market May Balance in Coming Weeks
Tuesday, May 26, 2020Oil rose above $34 a barrel following a prediction from Russia that the market may rebalance as early as next month.
The Market Has Escaped a Collapse
Tuesday, May 26, 2020The oil market has escaped a collapse, according to Rystad Energy's head of oil market research, Bjornar Tonhaugen.
IEA Says Global Oil Demand Has Yet to Peak
Tuesday, May 26, 2020Global oil consumption hasn't peaked, the head of the International Energy Agency warned.
OGUK Launches Knowledge Sharing Network
Tuesday, May 26, 2020Oil & Gas UK has launched a new online knowledge sharing network.
Oil Rallies With Producers Hiking Prices
Tuesday, May 26, 2020Some OPEC producers are displaying signs of confidence that the market is stabilizing.
$2.7B Cut of West Africa Contracts Bound for Saipem
Friday, May 22, 2020Here is a recap of the most popular downstream-related articles this past week on Rigzone.
Trump Cautioned on Imposing Oil Tariffs
Friday, May 22, 2020A coalition of 23 free-market, small business and consumer groups is urging President Trump not to impose tariffs on imported crude oil.
Big Jump Predicted for Nat Gas Prices
Friday, May 22, 2020Here are some of Rigzone's top stories during the last week, just in case you missed them…
Oil Takes Breather on China Economy Doubts
Friday, May 22, 2020"Great uncertainty" over the coronavirus has discouraged Beijing from setting an economic growth target.
Completions Death Spiral Slows Down
Friday, May 22, 2020Rigzone panelists highlight their perspectives on the top oil market hits and misses for the week ending May 22, 2020.
Oil Posts Another Weekly Gain Despite Doubts About China Growth
Friday, May 22, 2020Futures in New York slid 2 percent Friday but notched a 13 percent increase for the week.
New Mexico Lease Sale Postponed
Thursday, May 21, 2020The BLM had planned to offer 94 parcels on more than 45,000 acres in New Mexico and Texas.
Oil Heads for 6th Daily Rise on US Stockpile Draws
Thursday, May 21, 2020Oil was headed for its longest run of daily gains in 15 months.
Oil Sees Longest Streak of Gains in More Than a Year
Thursday, May 21, 2020US supply data showed crude inventories fell for a second week after climbing steadily since January.
Oil Rally Stalls with Fed Warning Countering Cuts
Wednesday, May 20, 2020Oil steadied after a four day gain as investors weighed signs the market is rebalancing against what's still a precarious economic outlook.
Oil Prices Surging After Plunging into Abyss
Wednesday, May 20, 2020For the world's most important commodity, there's never been a month like it.
Oil Rises for Fifth Day
Wednesday, May 20, 2020The US Energy Information Administration showed oil inventories declined for the second week in a row.
Can US Shale Producers Innovate Themselves Out of Trouble?
Tuesday, May 19, 2020The shale industry was in trouble even when oil was priced at $30 a barrel.
Repeat of Sub-Zero Oil Plunge Unlikely
Tuesday, May 19, 2020Oil's historic crash below zero looked increasingly like an aberration as the June contract rose for a fourth day in its last session of trading before expiring.
Oil Rises on Supply Cuts, Improving Demand Signals
Tuesday, May 19, 2020Output cuts by the world's largest producers are whittling down a supply glut while oil consumption is recovering.
Oil Contract Expiry to Show If Market Players Learned Lesson
Monday, May 18, 2020An expiring futures contract, bankruptcies and US-China trade deserve the oil market's attention this week, a panel of market-watchers told Rigzone.
ADNOC Chief Sees Signs of Better Market Conditions
Monday, May 18, 2020Speaking in an online company forum, the CEO of Abu Dhabi National Oil Co. observed there are signs that oil market conditions are improving.
Oil Jumps Above $30 for First Time in 2 Months
Monday, May 18, 2020Oil rose above $30 a barrel for the first time in two months as producers in the U.S. and elsewhere continued to cut activity.
The EU Major Upstream Co Best Placed for 2020 Storm
Monday, May 18, 2020The European major with the upstream business that is best placed to weather 2020 market volatility is Total SA, according to a new study by GlobalData.
Oil Posts Two-Month High
Monday, May 18, 2020Demand in the US is expected to pick up as more lockdowns end.
World Petroleum Congress Event in Houston Pushed to 2021
Friday, May 15, 2020The event happens every three years and hasn't been held in North America since 1987.
Energy Worker Survey Finds Remote Preference
Friday, May 15, 2020A new University of Houston-led survey of 448 energy workers finds that most respondents would prefer to continue working remotely.
Industry Groups Advocate for Offshore Workers
Friday, May 15, 2020Offshore workers deserve same designation as seafarers and marine personnel, ICMA and others argue.
Natural Gas Prices Could Double Next Year
Friday, May 15, 2020The EIA expects rising gas prices this fall, in line with higher winter demand for heating and a revival of industrial activity.
Oil Up on Supply Cuts and Demand Recovery
Friday, May 15, 2020Oil is heading for a third weekly gain on signs the market is slowly rebalancing as major producers cut supply and consumption recovers after a historic collapse in demand due to the coronavirus.
Saudi Oil Rush Threatens to Disrupt US Oil Sector
Friday, May 15, 2020An armada of tankers filled with Saudi crude heading to American shores is raising concern that tanks may fill again just as a U.S. glut shows signs of easing.
More Staff Cuts at Halliburton
Friday, May 15, 2020Here are some of Rigzone's top stories during the last week, just in case you missed them...
Pandemic Leaves Huge Hole in Global Oil Demand
Friday, May 15, 2020A fifth of global demand for oil will disappear this quarter.
Oil Demand Rising as More Get Behind the Wheel
Friday, May 15, 2020Panelists tell Rigzone about the top oil market hits and misses for the week ending May 15, 2020.
Oil Climbs for a Third Week
Friday, May 15, 2020Economies are beginning to reopen and signs continue to emerge that demand is recovering.
Oil Edges Higher as Saudi Cuts Supply
Thursday, May 14, 2020Oil edged higher as investors weighed cuts to supply by Saudi Arabia against lingering concerns over the pace of recovery from virus-led demand destruction.
IEA Sees Oil Market Improving
Thursday, May 14, 2020The outlook for global oil markets has 'improved somewhat', according to the International Energy Agency.
Oil Rises on OPEC Cuts, Demand Optimism
Thursday, May 14, 2020There is a little more optimism that the darkest days for the market may be behind us.
Oil Near 5-Week High as US Debates Lockdown Exit
Wednesday, May 13, 2020Oil traded near a 5-week high as investors weighed the nascent recovery of demand against concerns about a resurgence in coronavirus cases if lockdowns are relaxed too early.
EIA Raises Oil Price Forecasts
Wednesday, May 13, 2020The U.S. Energy Information Administration has raised its oil price forecasts for 2020 and 2021.
Trump Says Energy Cos Starting to Look Very Good
Wednesday, May 13, 2020U.S. energy companies are starting to look very good again, according to U.S. President Donald Trump.
Energy Chief Says US Oil on Its Way Back
Wednesday, May 13, 2020President Donald Trump's top energy official said the oil industry is on its way back after suffering crippling losses from an unprecedented price collapse.
Oil Falls on Demand Recovery Doubts
Wednesday, May 13, 2020The EIA reported the lowest crude input by US refineries since 2008.
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