Oil Industry Headlines
Rigzone.com: Industry Headlines
The latest oil and gas news from around the world.
Saudis Not Getting Bullish About Oil for 2020
A year after a rare bullish call on oil, Saudi Arabia isn't counting on much of an uplift from crude prices in 2020.
Read moreOil Steady as Stockpiles Offset Trade Anxiety
Oil was steady near a 12-week high as investors weighed a forecast drop in American crude inventories against a looming deadline for the U.S. to impose more tariffs on China.
Read moreOil Prices Fall Modestly
WTI and Brent crude oil prices finished lower Monday.
Read moreOil Near 12-Week High after Surprise Saudi Curbs
Oil traded near the highest level in almost 12 weeks after Saudi Arabia surprised the market Friday with a significant supply cut beyond what was agreed to with fellow OPEC+ members.
Read moreOil Prices Up for the Week
Both WTI and Brent are up for the week, but only one of the benchmarks is up dramatically for the period.
Read moreUS Drops Five Oil Rigs
The U.S. idled five oil rigs and added two gas rigs for a net loss of three rigs this week.
Read moreUS Loses Thousands of Upstream Jobs in November
The U.S. saw a sharp decline in support activities for mining in November, according to data released Friday from the U.S. Bureau of Labor Statistics.
Read moreHalliburton Confirms More Layoffs in Oklahoma
Halliburton has confirmed job cuts in Duncan, Oklahoma, just days after closing a facility in El Reno, Oklahoma.
Read moreOPEC+ Agrees to Redistribute Oil Cuts
OPEC+ will adjust its output target and redistribute production cuts between its members under pressure from Saudi Arabia.
Read moreOil Sputters After OPEC+ Fails to Pin Down Details
Oil sputtered as the OPEC+ coalition failed to pin down the details of an agreement to adjust its official output target even after six hours of talks in Vienna.
Read moreOil Prices Lackluster Amid Wait on OPEC+
Brent crude oil futures showed a meager gain Thursday, and West Texas Intermediate (WTI) posted no gain at all.
Read moreOPEC+ Agrees to New Deal That Leaves Oil Supply Barely Changed
OPEC reached an agreement that adjusts its official production targets, but removes few barrels from a market that's forecast to return to surplus early next year.
Read moreShale Has Delinked US Oil and Gas Prices
These two sources of energy are intrinsically linked, and together supply over 60 percent of U.S. and global energy.
Read moreShale Frac Spread Rebound Hopes Fade
A seasonal increase in the number of US shale basin-based frac spreads has not materialized.
Read moreSaudis Offer OPEC+ Quid Pro Quo
Saudi Arabia is offering fellow OPEC+ members a quid pro quo - If you stop cheating, we'll curb production.
Read moreFSMR Sticks to Oil Price Forecast Again
Fitch Solutions Macro Research has left its Brent crude price forecasts unchanged for the second time in a row.
Read moreOil Holds Surge as Stockpiles Add to Trade Optimism
Oil held its biggest surge in more than two months as signs of a potential U.S.-China deal and tightening American crude stockpiles bolstered prices ahead of the OPEC+ meeting.
Read moreOil Prices Advance on Iraq Revelation
OPEC member Iraq wants the cartel to raise existing production cuts.
Read morePirates Board Oil Supertanker, Kidnap 19 Crew Members
Pirates boarded a fully loaded supertanker off the coast of Nigeria, and nineteen crew were kidnapped and remain missing.
Read moreShell Victorious in Banning Activists From North Sea Oil Platforms
Royal Dutch Shell Plc won a court ruling preventing environmental protesters from boarding unmanned oil installations in the North Sea.
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