Rigzone Industry News

The American Petroleum Institute and ExxonMobil Corporation issued a response.

Oil's rally evaporated amid signals that Democrats are considering more energy legislation as they and the White House face increasing pressure to curb US energy costs and inflation.

Orcadian Energy has submitted a draft field development plan for the Pilot oilfield in the UK North Sea to the North Sea Transition Authority.

Oil futures shrugged off a broader market selloff, sustained by a growing belief that even an economic slowdown would fail to alleviate an ongoing supply crunch.

If new analysis is right, the summer is going to be painful for oil consumers everywhere.

Oil edged lower as renewed lockdowns in parts of Shanghai potentially dampen global fuel demand and ease pressure on tight markets.

BSEE's National Oil Spill Response Research and Renewable Energy Test Facility, known as Ohmsett, has now reopened after undergoing significant refurbishment over the past eight months.

In May 2021 oil prices broke out, confirming a secular bull market was underway.

Oil maintained its gains after US government data showed crude inventories in the largest storage hub and gasoline stockpiles dropped, offering little relief to concerns about a global supply crunch.

Rigzone's regular energy prognosticators take a look at oil prices, signs of potential demand destruction, the ongoing conflict in Ukraine and more.