Oil Industry Headlines
Rigzone.com: Industry Headlines
The latest oil and gas news from around the world.
Alarm Over Virus Pushing Down Oil
Oil extended declines from the lowest close in seven weeks on speculation China's coronavirus outbreak may dent demand as the market tackles a glut of global crude supplies.
Read moreOil Prices Fall Sharply
WTI and Brent crude oil prices dropped sharply during midweek trading amid ongoing concerns about key market indicators.
Read moreAre US Anti-OPEC Efforts Fading?
The current view within the White House is that OPEC's clout "is already waning and there's no pressing need for action".
Read moreOil Chiefs at Davos Debate Tougher CO2 Cuts
The bosses of some of the world's biggest oil companies discussed adopting much more ambitious carbon targets at a closed-door meeting in Davos on Wednesday.
Read moreMcDermott Expects to Keep Paying Wages and Benefits
All of McDermott's businesses are expected to continue to operate as normal for the duration of its recently announced restructuring, the company has confirmed.
Read moreOil Down as Virus Concern Seen Countering Disruptions
Oil declined as Goldman Sachs Group said demand concerns over a potential coronavirus epidemic would counter fears of supply disruptions in OPEC producers Libya, Iran and Iraq.
Read moreOil Prices Settle Lower Amid Libya and Iraq Tensions
WTI and Brent crude oil prices posted modest declines during Tuesday's session.
Read moreEnergy Chiefs Tout CO2 Capture
Capturing carbon dioxide from the fossil-fuel industry is key to slowing dangerous global warming, energy chiefs said in Davos.
Read moreOil Slides on Plentiful Supply
Oil fell below $65 a barrel as ample global supplies offset the loss of exports from Libya.
Read moreOil Pares Gains
Oil pares gains after rising to the highest in more than a week as projections of plentiful world supplies countered concern about disruptions in Iraq and Libya.
Read moreEvolution Well Services Inks 2-Year Electric Frac Deal
Evolution Well Services has landed a 24-month deal providing electric fracking services to an unnamed onshore oil and gas producer beginning this quarter.
Read moreHigher Non-OPEC Output Will Keep Oil Prices Honest in 2020
OPEC and its allied producers might be cutting output, but incremental non-OPEC production and demand doubts are likely to prevent oil benchmarks from overshooting current trading ranges.
Read moreSNC-Lavalin Wins UAE Haliba Field Contract
Execs from the Al Dhafra joint venture commemorate first oil from the Haliba field in this ADNOC photo from July 2019. PHOTO SOURCE: ADNOC
Read moreOPEC, IEA or EIA Completely Wrong in 2020 Oil Market Analysis
Somebody big has got their analysis of the 2020 oil market flat wrong.
Read moreOil Up After Unrest Hits Key OPEC Producers
Oil jumped back above $65 a barrel as supply disruptions in Iraq and Libya reignited concerns over the market's vulnerability to geopolitical risk in key production regions.
Read moreOil Prices Nearly Flat for the Week
WTI and Brent crude oil futures posted small gains Friday but are down slightly for the week.
Read moreUS Adds 15 Oil, Gas Rigs
The U.S. rig count increased for the first time this year as the nation added 14 oil rigs and one gas rig.
Read moreOil Heads for Weekly Drop Amid Demand Concerns
Oil is headed for a weekly drop amid persistent demand concerns.
Read moreOil Companies Face Serious Decisions on Iraq
Many oil and gas companies face serious decisions regarding their short and mid-term plans in Iraq, according to Rystad Energy.
Read moreOil Climbs on Optimism Spurred by Historic US-China Truce
Oil rose to the most in more than a week as the preliminary trade truce between the U.S. and China fanned optimism about economic growth.
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