Oil Industry Headlines
Rigzone.com: Industry Headlines
The latest oil and gas news from around the world.
Oil Prices Slide Again
Oil slid by the most in three weeks as a stronger dollar and weak US economic data stoked concerns over an economic rebound.
Read moreHAL Electric Frac First and More
Here are some of Rigzone's top upstream stories during the last week, just in case you missed them...
Read moreUS Targets CNOOC in Late Anti-China Push
The Trump administration blacklisted China's third-biggest oil company over its drilling in the South China Sea.
Read moreOil Retreats as Stronger Dollar Dents Rally
Oil declined from a 10-month high as the dollar strengthened, taking the steam out of a recent rally.
Read moreOil Futures Gain Amid $2T Stimulus Hopes
Oil rose to a new 10-month high in New York.
Read moreEquinor Bags Largest Ever US Offshore Wind Award
Equinor (NYSE: EQNR) has been selected to provide New York State with offshore wind power in what is being described as one of the largest renewable energy procurements in the U.S. to date.
Read moreOil Pauses as Rising Fuel Supplies Threaten Rally
Oil in New York was steady after a rally that pushed prices to the highest level in 10 months ran out of steam as a rise in U.S. fuel stockpiles added to concern over a shaky demand outlook.
Read moreOil Prices Falter Amid Fuel Build
Oil's red-hot rally took a breather as a stronger dollar and rising refined products supplies offset shrinking US crude inventories.
Read moreEIA Raises 2021 Oil Price Forecasts
The U.S. Energy Information Administration has raised its Brent spot average and West Texas Intermediate spot average prices for 2021.
Read moreOil Poised for Longest Run of Gains in 2 Years
Oil is poised for the longest winning streak in almost two years after an industry report pointing to another decrease in U.S. crude stockpiles added impetus to a new year rally driven by Saudi Arabian output cuts.
Read moreLight Crude Ends Session Above $53
Oil rose to a fresh 10-month high.
Read moreWall Street Is Bullish on Oil
Commodity investors are back in full force, with record wagers that crops, metals and oil are set for a rally.
Read moreOil Hits 10-Month High as Dollar Drops
Oil in New York climbed to a new 10-month high as the dollar declined, increasing the appeal of commodities priced in the currency.
Read moreOil Futures Contend with Stronger Greenback
Oil closed little changed with a stronger US dollar and broader market selloff sapping momentum from a recent rally.
Read moreVaccine Rollout Snags Stifle Energy Demand Rebound
Here are some trends to watch for this week in the oil and gas markets.
Read moreMexican Billionaire Bets on Oil Industry
Carlos Slim and his family have accumulated stakes worth $230 million in oil refiner PBF Energy Inc. and pipeline operator PBF Logistics LP.
Read moreUS Labels Houthis Terrorists After Tanker Attacks
The U.S. has classified Yemen's Houthis as a foreign terrorist organization following a series of attacks on oil tankers in the Red Sea.
Read moreSaudis Single Handedly Help Brent Break $55
Saudi Arabia single handedly helped Brent rise to a fresh new record and break the $55 per barrel mark, according to Rystad Energy's senior oil markets analyst Paola Rodriguez Masiu.
Read moreOil Rally Takes Breather as Dollar Strengthens
Oil retreated as the dollar strengthened, with the steam coming out of a recent rally.
Read moreOil Prices Show Best Weekly Gain in Months
Oil posted the biggest weekly gain since late September as Saudi Arabia’s plan to slice output spurred a surge in physical crude buying.
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