Rigzone Industry News

Oil prices fell the most in about a month as government data showed US crude inventories swelled to the highest levels since June 2021.

Oceaneering International's Norwegian unit has signed an MoU with Kontiki Winds to pursue electrifying offshore assets.

Oil fell to its lowest in almost three weeks, with technical indicators driving the market's direction amid a lack of clarity on crude demand.

Oil gained as energy traders grew more confident about the commodity's immediate outlook.

Oil erased gains from the past two sessions as earnings from multiple US companies disappointed, potentially signaling a dour short-term outlook for energy traders.

'One specific area of focus in 2023 and beyond is the physical security of LNG infrastructure'.

Oil prices fell slightly Monday as rising stockpiles in the US outweighed optimism that Lunar New Year festivities in China boosted demand.

Oil rallied to the highest since mid-November, capping off its second straight week of gains on optimism over increased demand from China.

Oil fell for the first time in almost two weeks as disappointing US economic data ignited fears of a recession and sparked a sell-off across Wall Street.

Oil inched higher as optimism for a revival in Chinese demand overshadowed risk-off sentiment that hampered prices at the end of the session.