Rigzone Industry News

OPEC may make a formal ruling on the matter when ministers gather on Thursday.

The 23-nation group led by Saudi Arabia will probably ratify plans for another modest production increase.

Executives from some of the largest oil companies in the U.S. have refused a request by House Democrats.

Oil fell as China issued more lockdowns, raising fresh concerns about demand slowing in the world's biggest crude importer.

Oil posted its first weekly gain in three weeks as the European Union continued to debate how it can decrease its reliance on Russian exports and Saudi Arabian energy assets came under attack.

Oil tumbled as traders weighed the impact of rising trading costs on the major exchanges while President Joe Biden is set to address the Russia-Ukraine war in Europe.

The Covid-19 resurgence is posing a threat to global oil consumption.

Oil market players are struggling to find out key information.

The idea of carbon-free fossil fuels has been a point of contention for the energy sector.

Oil rose for a third day as the war in Ukraine neared the one-month mark without a conclusion in sight, exacerbating supply concerns over the loss of Russian crude.