Rigzone Industry News

Energy Information Administration indicated that crude stockpiles rose the highest level in over three years.

ORLEN Group is looking to maintain long-term stability and high volumes of its gas production in Norway.

Russian warning of consequences against USA following a Ukrainian missile strike in Crimea supported crude prices Monday.

Oil fell after futures crossed into overbought territory, though crude still notched a weekly gain amid shrinking US stockpiles and signs of rising fuel demand.

Britain's top court delivered a blow to UK oil drilling.

Oil rose as a drawdown in US crude inventories extended a rally that has been supported by a hot streak for equity markets.

Oil rose to the highest in more than a month as risk-on sentiment bolsters broader global markets.

Oil climbed, building on its biggest weekly advance since early April and extending a short-covering rally, helped by risk-on sentiment in broader markets.

Oil posted the largest weekly gain since April after OPEC+ clarified its plan to return some output to the market and fuel markets showed signs of strength.

China's decades-long boom in oil processing could falter this year in a blow to global demand and the aspirations of OPEC+ producers seeking to return supply to the market.