Rigzone Industry News

DLE has the potential to generate billions of dollars in revenue to E&P companies.

Russian crude cut warning bolstered futures.

Crude prices rallied across the week buoyed by an inventory drawdown.

'We have seen many ill-advised interventions in energy markets'.

New rules require all new passenger cars, trucks and SUVs sold in the state to be zero emissions by 2035.

Oil rose in a session marked by waning liquidity ahead of the holiday season, supported by a softer dollar and a potential boost in energy demand after China abandoned its Covid Zero policy.

Oil tipped higher as investors weighed a pledge from China to revive consumption against broader low-risk sentiment.

Fears of a global economic slowdown pushed oil prices lower, outweighing news that the Biden administration will start buying crude to replenish strategic reserves.

Oil's three-day rally ended as policymakers made clear they would continue tightening economic reins in the fight against inflation, reigniting fears of a global slowdown.

One person has been fatally wounded and another has been injured.