Oil Industry Headlines

    Rigzone.com: Industry Headlines

    The latest oil and gas news from around the world.

  • Saudis Not Getting Bullish About Oil for 2020

    A year after a rare bullish call on oil, Saudi Arabia isn't counting on much of an uplift from crude prices in 2020.
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  • Oil Steady as Stockpiles Offset Trade Anxiety

    Oil was steady near a 12-week high as investors weighed a forecast drop in American crude inventories against a looming deadline for the U.S. to impose more tariffs on China.
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  • Oil Prices Fall Modestly

    WTI and Brent crude oil prices finished lower Monday.
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  • Oil Near 12-Week High after Surprise Saudi Curbs

    Oil traded near the highest level in almost 12 weeks after Saudi Arabia surprised the market Friday with a significant supply cut beyond what was agreed to with fellow OPEC+ members.
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  • Oil Prices Up for the Week

    Both WTI and Brent are up for the week, but only one of the benchmarks is up dramatically for the period.
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  • US Drops Five Oil Rigs

    The U.S. idled five oil rigs and added two gas rigs for a net loss of three rigs this week.
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  • US Loses Thousands of Upstream Jobs in November

    The U.S. saw a sharp decline in support activities for mining in November, according to data released Friday from the U.S. Bureau of Labor Statistics.
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  • Halliburton Confirms More Layoffs in Oklahoma

    Halliburton has confirmed job cuts in Duncan, Oklahoma, just days after closing a facility in El Reno, Oklahoma.
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  • OPEC+ Agrees to Redistribute Oil Cuts

    OPEC+ will adjust its output target and redistribute production cuts between its members under pressure from Saudi Arabia.
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  • Oil Sputters After OPEC+ Fails to Pin Down Details

    Oil sputtered as the OPEC+ coalition failed to pin down the details of an agreement to adjust its official output target even after six hours of talks in Vienna.
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  • Oil Prices Lackluster Amid Wait on OPEC+

    Brent crude oil futures showed a meager gain Thursday, and West Texas Intermediate (WTI) posted no gain at all.
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  • OPEC+ Agrees to New Deal That Leaves Oil Supply Barely Changed

    OPEC reached an agreement that adjusts its official production targets, but removes few barrels from a market that's forecast to return to surplus early next year.
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  • Shale Has Delinked US Oil and Gas Prices

    These two sources of energy are intrinsically linked, and together supply over 60 percent of U.S. and global energy.
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  • Shale Frac Spread Rebound Hopes Fade

    A seasonal increase in the number of US shale basin-based frac spreads has not materialized.
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  • Saudis Offer OPEC+ Quid Pro Quo

    Saudi Arabia is offering fellow OPEC+ members a quid pro quo - If you stop cheating, we'll curb production.
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  • FSMR Sticks to Oil Price Forecast Again

    Fitch Solutions Macro Research has left its Brent crude price forecasts unchanged for the second time in a row.
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  • Oil Holds Surge as Stockpiles Add to Trade Optimism

    Oil held its biggest surge in more than two months as signs of a potential U.S.-China deal and tightening American crude stockpiles bolstered prices ahead of the OPEC+ meeting.
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  • Oil Prices Advance on Iraq Revelation

    OPEC member Iraq wants the cartel to raise existing production cuts.
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  • Pirates Board Oil Supertanker, Kidnap 19 Crew Members

    Pirates boarded a fully loaded supertanker off the coast of Nigeria, and nineteen crew were kidnapped and remain missing.
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  • Shell Victorious in Banning Activists From North Sea Oil Platforms

    Royal Dutch Shell Plc won a court ruling preventing environmental protesters from boarding unmanned oil installations in the North Sea.
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