Oil Industry Headlines
Rigzone.com: Industry Headlines
The latest oil and gas news from around the world.
Oil Climbs After Russia Indicates Willingness on Production Cuts
Oil is drawing support from investors who are focused on Saudi Arabia and Russia ironing out plans for a global supply-curb agreement.
Read moreUS Will Return to Being Net Importer of Oil
The United States will return to being a net importer of crude oil and petroleum products in the third quarter of 2020, according to the EIA.
Read moreOil Up with Impact of Possible Oil Cuts in Focus
Oil rose after a two-day drop as investors weighed whether output cuts being discussed by the world's top producers will be enough to offset the demand destruction wrought by the coronavirus.
Read moreEnergy Survey Reflects Steep, Ongoing Activity Decreases
Expectations for future activity also fell, as most firms do not expect energy prices to return to profitable levels this year.
Read moreCrude Oil Dives on Output Cut Worries
Oil sank to the weakest level since the start of the month.
Read moreTexas Railroad Commissioner Asks for Tax Delay
Christi Craddick has sent a letter to Texas Comptroller Glenn Hegar asking him to consider extending the monthly deadline to file crude oil and natural gas production taxes for three to six months.
Read moreEd Miliband Becomes Shadow Energy Sec
Keir Starmer, the newly appointed leader of the UK Labour Party, has appointed Ed Miliband as the Shadow Business, Energy and Industrial Secretary.
Read moreOil Posts Largest Decline in Two Weeks
Oil recorded its first loss in three days on signals that a glut is growing at America's biggest storage depot.
Read moreOil Producers Race for Output Deal
Saudi Arabia, Russia and other OPEC+ nations are racing to negotiate a deal to stem the historic oil price crash.
Read moreTrump Doesn't Expect to Impose Tariffs on Oil Imports
President Donald Trump said he doesn't think he'll have to impose tariffs on imported oil to blunt the impact of a price war between Russia and Saudi Arabia.
Read moreOil Pares Losses as Investors Weigh Chance of Truce
Oil pared earlier losses amid signs Saudi Arabia and Russia are making progress on an agreement to curb crude output as the coronavirus wreaks havoc on the global economy.
Read moreOutput Cuts and Storage Scarcity Could Drive Oil Market This Week
Oil market-watchers weigh in on trends to look for this week.
Read moreOil Leaps on Potential Global Output Cuts
Oil posted a record weekly jump on hopes that global producers will decide to make historic output cuts next week.
Read moreUS Rig Count Drops by 64 From Previous Week
The Permian Basin lost 31 rigs during the period.
Read moreTrump Phone Call Reports Surprise Oil Experts
Find out what Rigzone panelists view as the top oil market hits and misses for the week ending April 3, 2020.
Read moreBillions in Oil Royalty Payments at Stake as Trump Mulls Relief
The teleconference with independent refiners and oil producers will follow a separate meeting between President Trump and oil industry execs at the White House.
Read moreOPEC+ Urges Global Cut to Stem Rout
Oil climbed on the prospect that an idea first touted by President Donald Trump on Thursday looked to be gaining some traction.
Read moreOil Surges as OPEC+ Prepares for Monday Meeting
Oil advanced as OPEC+ scheduled an urgent meeting next week after a historic slump in prices that has crippled the energy sector.
Read moreShale Can Shock the World Again
Here are some of Rigzone's top stories during the last week, just in case you missed them...
Read moreOil's Trump Bump Fades as Doubts Rise
Oil slid back below $25 a barrel after a record surge as doubts crept in about a deal touted on Twitter by U.S. President Donald Trump.
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