Rigzone Industry News

'OPEC+ has only just begun cutting'.

Oil rose with a technical correction to the upside after last week's slide, aided by supply disruptions in Canada and positive fuel demand indications.

Third consecutive weekly loss in crude futures underscored by softening demand and recession expectations despite a tight physical market.

Crude futures recovered on the day to settle at a modest delta following a dramatic open that saw WTI slide down more than 7%.

Oil fell for the third straight day as weak demand data from the US added to concerns that the global economy is heading toward recession.

Oil fell the most in almost four months as thin trading volumes exacerbated the fallout from gloomy reports about the health of the global economy.

Oil fell to extend two weeks of losses after data from China reignited concerns about a patchy recovery in the world's biggest crude importer.

Industry body Offshore Energies UK surveyed Westminster MPs.

Oil fell for a second consecutive week even as an earnings-driven rally on Wall Street pushed prices higher.

SLB, Baker Hughes, and Halliburton all posted 'a sparking set of results' for the first three months of the year.