Rigzone Industry News

Oil prices have given up nearly all their 2022 gains, analysts at Standard Chartered highlighted.

Oil rallied after a report that Russia will advocate for OPEC+ nations to cut production, heightening supply concerns as deadlines to implement Russian fuel bans approach.

Oil posted its longest stretch of weekly losses this year as central banks around the world stepped up the fight against inflation at the cost of economic growth.

Oil dropped after the Federal Reserve raised interest rates, signaling the market fears the cascading effects of economic slowdown more than potential supply disruptions from Russia's escalating war.

Oil fell ahead of several global interest-rate decisions that are expected to bring further monetary tightening.

Origin Energy Limited has revealed that it will divest 100 percent of its interest in the Beetaloo Basin.

OMV has signed an agreement to supply sustainable aviation fuel to Ryanair across Austria, Germany, and Romania.

Oil eked out a meager gain as the dollar weakened, with much of the market waiting to see what the Federal Reserve will decide regarding rate hikes when it meets later this week.

Oil settled at its third weekly loss as mounting evidence of an economic slowdown overshadows supply-risk concerns.

Oil fell with demand concerns at the fore as the US Department of Energy walked back expectations of its plan to restock petroleum reserves and China considered allowing more fuel exports.