Rigzone Industry News

China stimulus fails to buttress crude prices.

OGDCL projects production of 10 million cubic feet per day of natural gas 1000 barrels of oil per day from the project.

Oil rose on Friday, cementing a gain for the week, as macroeconomic trends suggested stronger demand globally.

Ovintiv has closed transactions involving the Midland Basin and Bakken oil and gas assets.

'A little good news from China can go a long way for oil prices'.

At least two oil tanker owners are staying away from Nigeria after several companies received backdated tax bills.

The use of oil for transport fuels will decline after 2026, and growth in overall oil demand will 'slow almost to a halt in the coming years'.

The risk-on sentiment that prevailed earlier in the day was crushed.

The discovery showed over 30 million barrels of oil equivalent (MMboe) in recoverable resources.

Oil rebounded by more than three percent from a three-month low.