Industry News

Rigzone delivers the latest headlines for Oil and Gas industry news; analysis of issues and events; practical technology for design, operation and maintenance; and important statistics on international markets and activity.

8/15/2019: Oil Prices End Volatile Week on Mild Note

WTI and Brent crude oil futures concluded a volatile week of trading with modest gains Friday.

8/15/2019: US Adds Six Oil Rigs

After several weeks of declines, the U.S. tacked on an additional six oil rigs.

8/15/2019: OPEC Sees Somewhat Bearish Oil Outlook

Global oil markets face a 'somewhat bearish' outlook for the rest of the year, according to OPEC.

8/15/2019: US Petroleum Demand Strongest Since 2007

In the year-to-date through July, total U.S. petroleum demand averaged its strongest level since 2007.

8/15/2019: Trump Sanctions Leave Russian Exporters $1B Richer

U.S. President Donald Trump's sanctions against Iran and Venezuela have inadvertently increased demand for a Russian brand of crude oil.

8/15/2019: Oil Set for Gain as Trade War Whipsaws Market

Oil headed for its first weekly gain this month.

8/14/2019: Oil Prices Slide Again

WTI and Brent crude oil finished lower for the second straight trading day.

8/14/2019: US Seeks to Block Release of Oil Ship

The U.S. is seeking to block authorities in Gibraltar from releasing the supertanker Grace 1.

8/14/2019: Happy Hour is Dead at PDVSA

PDVSA is telling employees to stop hailing cabs and limit international calls as it seeks ways to trim costs amid fresh budget cuts, according to a memo sent to its staff two weeks ago seen by Bloomberg.

8/14/2019: Oil Holds Losses on Demand Concerns

Oil held losses as a surprise gain in U.S. crude stockpiles added to deepening concerns over the outlook for global demand.