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.
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  • Oil 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.
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  • Coronavirus 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.
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  • Why 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.
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  • US Rig Count Barely Budges

    The US rig count is up just one rig from last week to 791.
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  • Oil Demand Growth Set for Strong 2021

    Here are Rigzone's top stories during the last week, just in case you missed them...
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  • Crew Kidnapped from Oil Tanker

    Reporting indicates that the Alpine Penelope crude oil tanker has been attacked while in transit towards Lagos.
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  • Vitol 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.
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  • Oil Rally Sputters on Renewed Virus Concern

    Oil pared a second weekly gain on renewed concern about the impact of the coronavirus.
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  • Baker 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
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  • Oil Jumps on Booming US Exports

    Exports surged and the expansion of domestic inventories slowed dramatically.
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  • Fracking Ban Would Cost Millions of Jobs

    A fracking ban would cost millions of jobs, according to the American Petroleum Institute.
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  • Oil 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.
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  • Oil 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.
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  • OPEC Confirms Meeting Date, Ends Saudi-Russia Scuffle

    Plans for an emergency gathering have faded away.
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  • Ransomware Shuts Gas Compressor

    A recent ransomware attack caused a U.S. natural gas compressor facility to shut for two days.
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  • Oil 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.
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  • OGUK Responds to Coronavirus

    Industry body Oil & Gas UK has issued a comment on the coronavirus, following concerns regarding the new virus in the UK.
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  • Supply 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.
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  • Oil 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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