Oil Industry Headlines
Rigzone.com: Industry Headlines
The latest oil and gas news from around the world.
Oil Futures Slide As Dollar Gets Stronger
Oil fell the most since November.
Read moreTexas Freeze Highlights Energy Paradox
Rigzone recaps some oil and gas market hits and misses for the week ending Feb. 26, 2021.
Read moreOil Set for Fourth Monthly Gain
Oil is heading for a fourth monthly gain with the global market tightening as investors await the OPEC+ meeting next week.
Read moreERCOT Directors Resign
Four unaffiliated directors from the Electric Reliability Council of Texas (ERCOT) board have resigned, according to a filing seen by Rigzone on the Public Utility Commission of Texas website.
Read moreOil Prices Mixed Amid Tighter Market Signals
Oil flipped between small gains and losses.
Read moreDOE Awarding up to $46MM for Geothermal Projects
The U.S. Department of Energy's Frontier Observatory for Research in Geothermal Energy Initiative has selected 17 projects to receive up to $46 million in funding.
Read moreOil Up with Global Market Tightening
Oil extended gains after closing at the highest level in more than a year as a slump in U.S. crude production following the cold blast and shrinking European stockpiles tightened the market further.
Read moreLight Crude Clears $63
Oil surged to the highest in more than a year.
Read moreBOEM Issues First Wave Energy Lease Off West Coast
The Bureau of Ocean Energy Management has issued a lease for the first wave energy research project in federal waters off the U.S. West Coast.
Read moreOil Up as Traders Eye Further Gains
Oil climbed again, with mixed news on global inventories offset by expectations of a prolonged market rally into the summer.
Read moreWhispers of $100 Oil Return
Rumblings are starting to emerge that by the end of next year prices could once again top $100 a barrel.
Read moreTotal Concerned with Myanmar Situation
Total (NYSE: TOT) has noted that it is concerned with the current situation in Myanmar.
Read moreOil Prices Show Slight Changes
The market is pricing in a strong short-term deficit, according to oil trader Vitol Group.
Read moreBiden Interior Nominee Downplays Fracing Opposition
"The earth is here to provide for us," Haaland told the Senate Energy and Natural Resources Committee.
Read moreOil Up with Tightening Market Boosting Outlook
Oil rose toward $63 a barrel with investment banks and traders predicting the market will tighten further and push prices higher.
Read moreTrafigura Offers Bullish Oil Market Outlook
Trafigura Group sees oil markets firming in the coming months.
Read moreOil Futures Show Strong Gains
Oil surged as traders and investment banks see global supplies rapidly tightening.
Read moreGreen New Deal Backer Faces Bumpy Interior Confirmation
Deb Haaland's opposition to fracing, early endorsement of the Green New Deal, and participation in oil pipeline protests have raised concerns.
Read moreUS Crude to Help Set Global Oil Benchmark from 2022
The North Sea oil price that serves as a benchmark for millions of barrels of physical crude transactions each day will from next year be set partly through buying and selling of U.S. cargoes.
Read moreTexas Governor Addresses Skyrocketing Energy Bills
Texas Governor Greg Abbott announced Sunday that he is working with members of the legislature to address 'skyrocketing' energy bills that resulted from a temporary spike in the energy market.
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