Rigzone Industry News

Improving hopes for a USA debt limit deal bolstered prices on the week.

Oil fell the most since early May after Russia downplayed the likelihood of another OPEC+ production cut.

Oil rose for a third day as a bullish US stockpile report propelled a rally led by Saudi Arabia's warning to short sellers.

Oil rose to near $73 as traders evaluated a warning from Saudi Energy Minister Prince Abdulaziz bin Salman to short-sellers, offsetting a lack of tangible progress in US debt-limit talks.

Oil markets were little changed with traders avoiding decisive action as US lawmakers prepped for final negotiations on the debt ceiling.

Disruptions to oil and gas production induced by Alberta's wildfires have buyers facing supply cuts.

Oil posted the first weekly gain since early April after tracking broader market sentiment that embraced risk assets on rising optimism the US will reach a debt-ceiling deal.

One of Rigzone's regular market watchers takes a look at the U.S. debt-ceiling talks, the latest DOE developments, an upcoming battle for the WTI oil price and more.

Oil edged lower as the potential for additional rate hikes from the Federal Reserve underpinned concerns about a recession that would weaken demand.

Ipieca has named Oxy's Krish Ravishankar and Hess Corporation's Tony Webster as its newest Vice Chairs.