Oil Industry Headlines
Rigzone.com: Industry Headlines
The latest oil and gas news from around the world.
Light Crude Down 11% for the Month
Oil posted its largest monthly drop since March.
Read moreOil Prices Under Pressure
Oil prices are under pressure all along the forward curve, according to Standard Chartered.
Read moreExxonMobil Announces US Job Cuts
ExxonMobil (NYSE: XOM) has announced that it plans to reduce staffing levels in the United States.
Read moreOil Set for Worst Month Since March
Oil is poised for the biggest monthly slide since March on concern a resurgent pandemic in the U.S. and Europe will keep people hunkered down, crimping demand for auto and aviation fuel.
Read moreOil Prices Fall Amid Demand Destruction Fears
Oil futures fell to multi-month lows as record growth in coronavirus cases in the US and Europe raised the specter of more demand destruction.
Read morePetronas Investigating Vessel-Rig Collision
Petronas has announced that investigations are ongoing into the cause of the incident involving the MV Dayang Topaz vessel, which collided with platform structures at the Baram field on October 27.
Read moreWho Controls the Permian?
There's been an ongoing pendulum swing between majors and independents as the controlling group of the Permian basin's destiny for many years, but who controls the region now?
Read moreOil Holds Near 4-Week Low After Virus Plunge
Oil held near a four-week low after a surge in European virus cases and a bigger-than-expected jump in American crude stockpiles pushed prices down by the most in almost two months in the previous session.
Read moreOil Prices Plunge Amid Higher US Inventories
Swelling US crude stockpiles added to concerns that a fresh surge in coronavirus cases may derail the global economic recovery.
Read moreLockdown Impact on Offshore UK Oil Workers
The number of workers on oil and gas installations offshore UK decreased by around 4,000 as the UK went into lockdown in March this year.
Read moreOil Down After Report Points to Rising Stockpiles
Oil retreated back below $39 a barrel after an industry report pointed to a bigger-than-expected increase in U.S. crude stockpiles.
Read moreOil Prices Get Boost from Zeta and Weaker Greenback
Oil rose the most in nearly three weeks.
Read moreMexican President Floats Energy Reform Reversal
President Andres Manuel Lopez Obrador bolstered his defense of Mexico's embattled state-run companies.
Read more25 Percent of Floater Fleet Could be Scrapped
One quarter of the global floater segment could be scrapped, according to Rystad Energy.
Read moreShip Collides with Platform
The Dayang Topaz ship has collided with the Baram B oil rig platform, the Malaysian Maritime Enforcement Agency has revealed in a series of social media updates.
Read moreOil Edges Higher on Weak Dollar
Oil clawed back some losses in New York as the dollar weakened, although rising Libyan production and fading hopes for fresh U.S. stimulus pointed to a bearish outlook for the market.
Read moreLight Crude Closes Below $39
Oil slid to a three-week-low.
Read moreDark Monday Hits Oil Market
It's a dark Monday in the oil market, according to Rystad Energy.
Read moreOil Down on Surging Virus and Stimulus Stalemate
Oil extended its slide to a second day on a toxic cocktail of surging coronavirus cases, dwindling prospects for pre-election stimulus in Washington and a steady resumption of supply from Libya.
Read moreOil Prices Finish Lower for the Week
Oil retreated as a further increase in Libyan output threatens to return more supply to a market that's already grappling with a pandemic-induced slump in demand.
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