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.
Read moreOGUK 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.
Read moreOil 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.
Read moreLight 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.
Read moreIran 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.
Read moreExecutives 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.
Read moreOil Drops After Warnings
Oil dropped following warnings over global energy demand and the state of the U.S. economy.
Read moreOil 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.
Read moreChevron Asks Employees to Delete WeChat
Chevron Corp. has asked its global employees to remove WeChat from their work phones.
Read moreOGUK 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.
Read moreOil Rises with Equities Advancing
Oil edged higher as positive European manufacturing data and rising equity markets gave some respite to recent demand worries.
Read moreJustin 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.
Read moreOil Prices Get Bump from Equities Rebound
Oil recovered from the steepest one-day loss in almost two weeks as equities advanced.
Read moreStorm Beta Floods Texas Coast
Tropical Storm Beta is flooding southeastern Texas as it grinds along the coast.
Read more5G 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.
Read moreBP In Stonewall Top Global Employers List
BP plc (NYSE: BP) has made it onto Stonewall's 2020 Top Global Employers list.
Read moreNorway Proposes Launching $2.7B CCS Project
The Norwegian government has proposed to launch a $2.7 billion carbon capture and storage project in Norway.
Read moreOil 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.
Read moreOil Prices Fall Amid Broad Selloff
Oil declined the most in almost two weeks.
Read moreOil 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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