Oil Industry Headlines
Rigzone.com: Industry Headlines
The latest oil and gas news from around the world.
Oil Slumps as Global Virus Spread Quickens
Oil slumped the most since Feb. 3 as a risk-off mood blanketed Asian markets after the global spread of the coronavirus quickened over the weekend.
Read moreOil Stumbles on Fears of Virus Intensifying Beyond China
China revised how it calculates infection totals again, raising questions about data reliability and confirming the virus's growing reach.
Read moreCoronavirus Ripple Effect Hits Oil Exporters Large and Small
EIU forecasts that China's slower GDP growth will have an outsized impact on oil prices in 2020.
Read moreWhy is an E&P Recovery Slow to Materialize?
With difficult shale economics and depressed pricing seeming to be the new normal, E&P asset valuations have cratered.
Read moreUS Rig Count Barely Budges
The US rig count is up just one rig from last week to 791.
Read moreOil Demand Growth Set for Strong 2021
Here are Rigzone's top stories during the last week, just in case you missed them...
Read moreCrew Kidnapped from Oil Tanker
Reporting indicates that the Alpine Penelope crude oil tanker has been attacked while in transit towards Lagos.
Read moreVitol Sees Oil Recovery This Year
The oil market is poised for a recovery but will have to first tackle a severe virus-induced demand slump.
Read moreOil Rally Sputters on Renewed Virus Concern
Oil pared a second weekly gain on renewed concern about the impact of the coronavirus.
Read moreBaker Hughes and TWC Fund Field Tech Career Program
From left, Baker Hughes' Muzzamil Khider, LSC's Stephen C. Head, TWC's Robert D. Andrade and TWC's Michael Gutierrez. PHOTO SOURCE: LSC
Read moreOil Jumps on Booming US Exports
Exports surged and the expansion of domestic inventories slowed dramatically.
Read moreFracking Ban Would Cost Millions of Jobs
A fracking ban would cost millions of jobs, according to the American Petroleum Institute.
Read moreOil Shrugs Off Virus to Eye $60
Oil extended gains to an eighth day on optimism that China will be able to soften the demand hit from the coronavirus.
Read moreOil Sees Three-Week High on Venezuela and Libya Supply Risks
Geopolitical tensions are rising against the backdrop of the coronavirus outbreak, which has hurt global energy demand.
Read moreOPEC Confirms Meeting Date, Ends Saudi-Russia Scuffle
Plans for an emergency gathering have faded away.
Read moreRansomware Shuts Gas Compressor
A recent ransomware attack caused a U.S. natural gas compressor facility to shut for two days.
Read moreOil Demand Growth to Quintuple Next Year
Global oil demand growth will drop to 0.44 million barrels per day this year but rebound to 2.34 MMbpd in 2021.
Read moreOGUK Responds to Coronavirus
Industry body Oil & Gas UK has issued a comment on the coronavirus, following concerns regarding the new virus in the UK.
Read moreSupply Risks Push Crude Back Toward $60
Oil jumped back above $58 a barrel and was set for the longest run of gains in more than a year.
Read moreOil Flat After Rosneft Sanctions Offset Demand Fears
Sanctions on Russia's largest producer eased losses driven by lingering concerns that coronavirus will cut demand.
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