Oil Industry Headlines

    Rigzone.com: Industry Headlines

    The latest oil and gas news from around the world.

  • Light Crude Down 11% for the Month

    Oil posted its largest monthly drop since March.
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  • Oil Prices Under Pressure

    Oil prices are under pressure all along the forward curve, according to Standard Chartered.
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  • ExxonMobil Announces US Job Cuts

    ExxonMobil (NYSE: XOM) has announced that it plans to reduce staffing levels in the United States.
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  • Oil Set for Worst Month Since March

    Oil is poised for the biggest monthly slide since March on concern a resurgent pandemic in the U.S. and Europe will keep people hunkered down, crimping demand for auto and aviation fuel.
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  • Oil Prices Fall Amid Demand Destruction Fears

    Oil futures fell to multi-month lows as record growth in coronavirus cases in the US and Europe raised the specter of more demand destruction.
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  • Petronas Investigating Vessel-Rig Collision

    Petronas has announced that investigations are ongoing into the cause of the incident involving the MV Dayang Topaz vessel, which collided with platform structures at the Baram field on October 27.
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  • Who Controls the Permian?

    There's been an ongoing pendulum swing between majors and independents as the controlling group of the Permian basin's destiny for many years, but who controls the region now?
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  • Oil Holds Near 4-Week Low After Virus Plunge

    Oil held near a four-week low after a surge in European virus cases and a bigger-than-expected jump in American crude stockpiles pushed prices down by the most in almost two months in the previous session.
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  • Oil Prices Plunge Amid Higher US Inventories

    Swelling US crude stockpiles added to concerns that a fresh surge in coronavirus cases may derail the global economic recovery.
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  • Lockdown Impact on Offshore UK Oil Workers

    The number of workers on oil and gas installations offshore UK decreased by around 4,000 as the UK went into lockdown in March this year.
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  • Oil Down After Report Points to Rising Stockpiles

    Oil retreated back below $39 a barrel after an industry report pointed to a bigger-than-expected increase in U.S. crude stockpiles.
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  • Oil Prices Get Boost from Zeta and Weaker Greenback

    Oil rose the most in nearly three weeks.
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  • Mexican President Floats Energy Reform Reversal

    President Andres Manuel Lopez Obrador bolstered his defense of Mexico's embattled state-run companies.
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  • 25 Percent of Floater Fleet Could be Scrapped

    One quarter of the global floater segment could be scrapped, according to Rystad Energy.
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  • Ship Collides with Platform

    The Dayang Topaz ship has collided with the Baram B oil rig platform, the Malaysian Maritime Enforcement Agency has revealed in a series of social media updates.
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  • Oil Edges Higher on Weak Dollar

    Oil clawed back some losses in New York as the dollar weakened, although rising Libyan production and fading hopes for fresh U.S. stimulus pointed to a bearish outlook for the market.
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  • Light Crude Closes Below $39

    Oil slid to a three-week-low.
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  • Dark Monday Hits Oil Market

    It's a dark Monday in the oil market, according to Rystad Energy.
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  • Oil Down on Surging Virus and Stimulus Stalemate

    Oil extended its slide to a second day on a toxic cocktail of surging coronavirus cases, dwindling prospects for pre-election stimulus in Washington and a steady resumption of supply from Libya.
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  • Oil Prices Finish Lower for the Week

    Oil retreated as a further increase in Libyan output threatens to return more supply to a market that's already grappling with a pandemic-induced slump in demand.
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