Rigzone Industry News

Oil held its recent gains in light trading, helped by tighter supplies and optimism that China's government will boost the country's economy.

Oil rose to a three-month high, closing above a key technical barrier, as signs of a tighter crude market outweighed the prospect of another hike from the Federal Reserve.

Oil posted a fourth weekly gain amid lower summer trading volumes and tentative signs that global markets are tightening.

Oil edged higher in a session marked by choppy trading and dwindling liquidity as a mixed fundamental picture dueled with negative sentiment from broader markets.

Oil fell amid pressure from a stronger dollar, with traders largely ignoring a US stockpile report that signaled tighter markets.

Odfjell Drilling has secured two contracts for its Deepsea Atlantic to conduct operations in the North Sea for Equinor.

'Further constraints on oil and gas capital are the greatest threat to the U.S. taxpayer.'

The High Ambition Coalition warned against the exploitation of abatement technologies as an excuse to allow continued fossil fuel extraction.

Oil declined as disappointing Chinese economic data and a resumption of Libyan production undercut signs of a tightening market.