Oil & Gas Industry News
Welcome to the Energy News Page. Here you can find links to the latest news from reputable sources in the oil and gas industry.
Oil Seals Quarterly Gain in Tightening Market
Rigzone
Thu, 28 Mar 2024 19:54:21 GMT
Oil scored a 16% quarterly gain in the latest sign that export curbs by OPEC and its allies are reining in global supplies.
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USA Commercial Crude Oil Inventories Increase
Rigzone
Thu, 28 Mar 2024 17:00:01 GMT
Crude oil stocks in the U.S., not including the SPR, stood at 448.2 million barrels on March 22, according to the EIA.
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Pennsylvania County Joins List of Local Govts Suing Big Oil over Climate
Rigzone
Thu, 28 Mar 2024 14:48:40 GMT
The county of Bucks in Pennsylvania seeks to charge climate remedial measures to oil and gas giants.
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Russian Navy Enters Warship-Crowded Red Sea Amid Houthi Attacks
Rigzone
Thu, 28 Mar 2024 14:00:00 GMT
Russian warships from the Pacific Fleet have crossed the Bab-el-Mandeb Strait and entered the Red Sea, the state-run Tass news agency said.
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Macquarie Strategists Expect Brent Oil Price to Grind Higher
Rigzone
Thu, 28 Mar 2024 11:55:29 GMT
Macquarie strategists said they expect Brent 'to grind higher until $90, or until we reach June'.
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UK Oil Regulator Publishes New Emissions Reduction Plan
Rigzone
Thu, 28 Mar 2024 09:07:26 GMT
The NSTA said the plan 'places electrification and low carbon power at the heart of emissions reduction'.
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Oil Falls as US Inventories Increase
Rigzone
Wed, 27 Mar 2024 19:39:48 GMT
Oil lost more of the ground it had gained early this week as US crude and gasoline inventories increased, undercutting expectations for tightening supplies.
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New China Climate Chief Says Fossil Fuels Must Keep a Role
Rigzone
Wed, 27 Mar 2024 19:00:00 GMT
'We will still keep our fair share of fossil fuels, but they must be used in a clean way'.
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Perenco Still Searching for Missing Person After Platform Incident
Rigzone
Wed, 27 Mar 2024 17:00:00 GMT
'The search for the missing person is still actively underway'.
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Blockchain Demands Attention in Oil and Gas
Rigzone
Wed, 27 Mar 2024 09:56:28 GMT
Blockchain is emerging as a technology that demands attention within the oil and gas sector, according to GlobalData.
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Oman Sees Increasing Ship-to-Ship Transfers of Russian Oil Bound for India
Rigzone
Wed, 27 Mar 2024 07:08:11 GMT
The waters off Oman are emerging as a hot spot for ship-to-ship transfers of Russian oil heading to India, as the US steps up scrutiny of the flows.
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Oil Dips as Continued OPEC Cutbacks are Likely
Rigzone
Tue, 26 Mar 2024 19:53:29 GMT
Oil settled little changed Tuesday, after swinging between gains and losses, with OPEC+ set to affirm its policy of production cuts amid tensions in the Middle East and Russia.
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Summer Pump Prices Set to Hit $4 a Gallon Just as Americans Hit the Road
Rigzone
Tue, 26 Mar 2024 16:03:44 GMT
Higher gasoline prices jeopardize the fight against inflation that's dogged both President Joe Biden and Federal Reserve Chair Jerome Powell.
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Libya Oil Minister Oun Suspended Pending Investigation
Rigzone
Tue, 26 Mar 2024 14:00:00 GMT
Libyan Oil Minister Mohamed Oun has been suspended from office pending an investigation, according to a government agency.
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House Passes Protecting American Energy Production Act
Rigzone
Tue, 26 Mar 2024 12:03:55 GMT
'This bill prohibits the president from declaring a moratorium on the use of hydraulic fracturing unless Congress authorizes the moratorium'.
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OPEC and China Conduct High Level Energy Meeting
Rigzone
Tue, 26 Mar 2024 09:37:02 GMT
The meeting was co-chaired by OPEC Secretary General Haitham Al Ghais and Zhang Jianhua, the administrator of the National Energy Administration of the People's Republic of China.
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Oil Rises on Global Tensions and Signs of Continued Cutbacks
Rigzone
Mon, 25 Mar 2024 19:53:03 GMT
Oil futures rose on geopolitical unrest and signs that OPEC+ will stick with current output cuts when delegates hold a review session next week.
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North America Rig Loss Streak Rumbles On
Rigzone
Mon, 25 Mar 2024 16:09:34 GMT
North America lost rigs week on week, according to Baker Hughes' latest rotary rig count.
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Houthis Warn Saudi Arabia of Retaliation If It Backs USA Attacks
Rigzone
Mon, 25 Mar 2024 14:00:00 GMT
The Yemen-based Houthi militants renewed their threats against Saudi Arabia.
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Republican Lawmakers Say IEA Has Abandoned Energy Security Mission
Rigzone
Mon, 25 Mar 2024 12:43:07 GMT
The lawmakers have sent a letter to the director of the IEA.
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