Rigzone Industry News

Occidental outpaced the stock market in the week's opening session.

Oil edged lower, erasing short-lived gains stemming from Saudi Arabia's pledge to extend its voluntary output cuts by another month.

Poland's Orlen may buy a stake in an east German refinery only after the government in Berlin dumps Russia's Rosneft as a shareholder.

Brent oil posted its longest run of quarterly losses in data going back more than three decades amid robust supplies and persistent concerns over demand.

The trading of Middle Eastern oil derivatives on a closely-watched platform that helps set crude benchmarks and shape real cargo flows has soared this month.

Oil inched higher in a choppy session as a traders weighed a hawkish rate outlook from central banks against positive signals from the world's largest economy.

A 9.6 million barrel US crude stockpile drop and robust gasoline demand bolstered crude futures Wednesday.

Physical markets and economics, rather than geopolitics, are driving crude at present.

Analysts at BMI, a Fitch Solutions company, have outlined several megatrends for the oil and gas sector out to 2050.

US crude inventory draw not sufficient to overcome potential demand impacts from global monetary tightening in fight against inflation.