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.
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  • US 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.
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  • Oil 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.
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  • Energy 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.
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  • Crude Oil Dives on Output Cut Worries

    Oil sank to the weakest level since the start of the month.
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  • Texas 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.
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  • Ed 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.
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  • Oil 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.
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  • Oil 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.
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  • Trump 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.
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  • Oil 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.
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  • Output Cuts and Storage Scarcity Could Drive Oil Market This Week

    Oil market-watchers weigh in on trends to look for this week.
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  • Oil 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.
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  • US Rig Count Drops by 64 From Previous Week

    The Permian Basin lost 31 rigs during the period.
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  • Trump 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.
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  • Billions 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.
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  • OPEC+ 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.
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  • Oil 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.
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  • Shale Can Shock the World Again

    Here are some of Rigzone's top stories during the last week, just in case you missed them...
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  • Oil'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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