Oil Industry Headlines

    Rigzone.com: Industry Headlines

    The latest oil and gas news from around the world.

  • Oil Prices Finish Lower

    Oil fell this week amid growing concerns that another wave of the coronavirus pandemic will spark tighter lockdown measures and further stifle crude demand.
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  • OGUK Welcomes Chancellor's Plans

    Industry body Oil & Gas UK has initially welcomed the winter economy plans announced on Thursday by the UK Chancellor of the Exchequer.
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  • Oil Rally Stalls on New Supply Risk

    Oil was headed for a third weekly decline in four amid signs fresh supply might be hitting the market as the demand outlook worsens.
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  • Light Crude Clears $40 Amid Sign of More Stimulus

    House Speaker Nancy Pelosi said she spoke with Treasury Secretary Steven Mnuchin, signaling openness to resuming stimulus talks.
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  • Iran Opens Naval Base Along Oil Chokepoint

    Iran's Islamic Revolutionary Guard Corps opened a new naval base along one of the world's busiest oil transit routes.
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  • Executives Predict 2020-End Oil Price

    The price of West Texas Intermediate oil at the end of 2020 is expected to be between $40 per barrel and $44.99 per barrel.
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  • Oil Drops After Warnings

    Oil dropped following warnings over global energy demand and the state of the U.S. economy.
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  • Oil Prices Inch Upward on Inventory Report

    Oil rose after a government report showed US distillate stockpiles declined the most since March but gains were limited.
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  • Chevron Asks Employees to Delete WeChat

    Chevron Corp. has asked its global employees to remove WeChat from their work phones.
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  • OGUK Hails North Sea Grit

    Industry body Oil & Gas UK has hailed the 'grit' and 'resilience' of the thousands of people working in the UK oil and gas sector.
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  • Oil Rises with Equities Advancing

    Oil edged higher as positive European manufacturing data and rising equity markets gave some respite to recent demand worries.
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  • Justin Bieber Highlights Oil Pain

    Justin Bieber, one of the world's best-selling music artists, has highlighted the pain of oil industry layoffs in his latest music video.
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  • Oil Prices Get Bump from Equities Rebound

    Oil recovered from the steepest one-day loss in almost two weeks as equities advanced.
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  • Storm Beta Floods Texas Coast

    Tropical Storm Beta is flooding southeastern Texas as it grinds along the coast.
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  • 5G Won't Have Significant Oil Role Anytime Soon

    Analysts at Fitch Solutions Country Risk & Industry Research do not expect 5G to have a significant role in oil and gas operations in the next five years.
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  • BP In Stonewall Top Global Employers List

    BP plc (NYSE: BP) has made it onto Stonewall's 2020 Top Global Employers list.
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  • Norway Proposes Launching $2.7B CCS Project

    The Norwegian government has proposed to launch a $2.7 billion carbon capture and storage project in Norway.
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  • Oil Holds Losses Amid Deteriorating Demand Outlook

    Oil held losses in Asia after plunging the most in almost two weeks amid signs a resurgent coronavirus could lead to more lockdowns.
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  • Oil Prices Fall Amid Broad Selloff

    Oil declined the most in almost two weeks.
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  • Oil Market Eyes Pressure from Tropics and Saudi Arabia

    Rigzone panelists offer their views on what to watch in the oil and gas markets this week.
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