Oil Industry Headlines

    Rigzone.com: Industry Headlines

    The latest oil and gas news from around the world.

  • Oil Futures Slide As Dollar Gets Stronger

    Oil fell the most since November.
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  • Texas Freeze Highlights Energy Paradox

    Rigzone recaps some oil and gas market hits and misses for the week ending Feb. 26, 2021.
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  • Oil Set for Fourth Monthly Gain

    Oil is heading for a fourth monthly gain with the global market tightening as investors await the OPEC+ meeting next week.
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  • ERCOT Directors Resign

    Four unaffiliated directors from the Electric Reliability Council of Texas (ERCOT) board have resigned, according to a filing seen by Rigzone on the Public Utility Commission of Texas website.
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  • Oil Prices Mixed Amid Tighter Market Signals

    Oil flipped between small gains and losses.
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  • DOE Awarding up to $46MM for Geothermal Projects

    The U.S. Department of Energy's Frontier Observatory for Research in Geothermal Energy Initiative has selected 17 projects to receive up to $46 million in funding.
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  • Oil Up with Global Market Tightening

    Oil extended gains after closing at the highest level in more than a year as a slump in U.S. crude production following the cold blast and shrinking European stockpiles tightened the market further.
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  • Light Crude Clears $63

    Oil surged to the highest in more than a year.
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  • BOEM Issues First Wave Energy Lease Off West Coast

    The Bureau of Ocean Energy Management has issued a lease for the first wave energy research project in federal waters off the U.S. West Coast.
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  • Oil Up as Traders Eye Further Gains

    Oil climbed again, with mixed news on global inventories offset by expectations of a prolonged market rally into the summer.
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  • Whispers of $100 Oil Return

    Rumblings are starting to emerge that by the end of next year prices could once again top $100 a barrel.
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  • Total Concerned with Myanmar Situation

    Total (NYSE: TOT) has noted that it is concerned with the current situation in Myanmar.
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  • Oil Prices Show Slight Changes

    The market is pricing in a strong short-term deficit, according to oil trader Vitol Group.
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  • Biden Interior Nominee Downplays Fracing Opposition

    "The earth is here to provide for us," Haaland told the Senate Energy and Natural Resources Committee.
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  • Oil Up with Tightening Market Boosting Outlook

    Oil rose toward $63 a barrel with investment banks and traders predicting the market will tighten further and push prices higher.
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  • Trafigura Offers Bullish Oil Market Outlook

    Trafigura Group sees oil markets firming in the coming months.
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  • Oil Futures Show Strong Gains

    Oil surged as traders and investment banks see global supplies rapidly tightening.
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  • Green New Deal Backer Faces Bumpy Interior Confirmation

    Deb Haaland's opposition to fracing, early endorsement of the Green New Deal, and participation in oil pipeline protests have raised concerns.
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  • US Crude to Help Set Global Oil Benchmark from 2022

    The North Sea oil price that serves as a benchmark for millions of barrels of physical crude transactions each day will from next year be set partly through buying and selling of U.S. cargoes.
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  • Texas Governor Addresses Skyrocketing Energy Bills

    Texas Governor Greg Abbott announced Sunday that he is working with members of the legislature to address 'skyrocketing' energy bills that resulted from a temporary spike in the energy market.
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