Rigzone Industry News

What's the best way for a shale executive to see a bigger pay check? Prove that you're focused on cash flows and spending discipline, not drilling more oil.

Oil dropped as traders shrugged off the risk to commodity ships in the Black Sea until disruptions materialized.

Crude's current winning streak is the most in over a year.

OPEC+ signaled it will stay the course.

Occidental collected $860 million in net income for the second quarter.

Oil rose after Saudi Arabia prolonged its unilateral production cut by another month and hinted that deeper reductions may be on the way.

Saudi Arabia and its oil-producing allies will review global oil markets this week.

'The need to significantly reduce carbon emissions to address climate change is clear and urgent...'

'The impact of current cuts is starting to materialize in the physical market'.

A record drop in US crude inventories is failing to lift a market that has seen a recent rally squelched by concerns about the macroeconomic outlook.