Rigzone Industry News

Oil edged lower as the letdown of weaker-than-expected Chinese demand outweighed stronger US consumer data and a more bullish outlook from the IEA.

'This acquisition creates a more resilient energy infrastructure company'.

Oil steadied near $71 a barrel after four weeks of losses, though the US debt-ceiling negotiations injected a risk-off sentiment in broader markets that's restraining crude's relief rally.

This month's blazes have largely spared the oil sands in northeastern Alberta.

Oil slumped near $70 to mark a fourth-straight week of losses as concerns about demand growth persist.

Oil fell for a second day as traders focused on bearish economic indicators and weakness in underlying physical markets.

Oil fell for the first time this week after US government data showed a build in crude inventories.

Occidental launched a repurchase for Berkshire's preferred stock.

Oil extended its rally for a fourth day, reversing course midday to climb after the Biden administration announced plans to replenish strategic reserves after completing maintenance work later this year.

The oil and gas industry's overall disclosed contract value saw a 'significant' quarter on quarter decrease.