Rigzone Industry News

'Trading has been volatile'.

Oil was set for a second weekly loss after the risk premium from the Israel-Hamas war vanished, bringing signs of soft demand to the fore.

Orsted suffered impairments of up to $4.04 billion for the first nine months leading it to cease the Ocean Wind projects.

'We continue to view the U.S. as responsive (and highly capable) in an accommodative price environment'.

Airlines have been snapping up oil derivatives contracts as the Israel-Hamas war raises the specter of a surge in fuel bills.

Oil rose as a drop in the dollar made the commodity more attractive to importers and the Federal Reserve hinted it might be done raising interest rates, buoying a shaky outlook for crude demand.

Oil spill-hit Mill Creek is again flowing naturally.

Oil extended a three-day losing streak amid signs of a more amply supplied market and as investors assess the risks posed by the war between Israel and Hamas.

'Rising macro concerns are becoming larger factors in oil views'.

Oil plunged to the lowest in two months amid signs that the Israel-Hamas conflict will remain contained, bringing angst about interest rates and a slowing global economy back to the fore.