Rigzone Industry News

Occidental expects to keep output from the Permian basin 'largely flat' this year relative to 2023.

Industry body Offshore Energies UK issues a warning for the UK oil and gas sector.

Iraq and Kazakhstan pledged compliance with new OPEC+ oil targets.

Oil rose as risk-on sentiment in broader markets cajoled traders back into crude, overpowering the International Energy Agency's forecast for slowing demand growth.

Oil and gas companies operating off the Norwegian coast are expected to spend an estimated $23 billion this year.

Oil dropped after the US reported crude inventories rose 12 million barrels last week, the most since November.

26 state, regional, and national oil and natural gas associations wrote to congressional leadership.

Oil rose after a bullish demand outlook from OPEC helped crude surpass a key technical level that had served as the ceiling of this year's narrow trading band.

OPEC+ pledged significant output curbs this quarter in a bid to avert a surplus and shore up global prices.

OPEC's top official said global oil demand will continue strong growth this year.