Rigzone Industry News

IEA is signaling a crisis in oil markets.

The announcement was made as the international, integrated oil, gas and chemicals company presented its new Strategy 2030 this week.

Monthly outlooks from OPEC, the International Energy Agency and the U.S. Energy Information Administration paint starkly different pictures.

Geopolitical factors are driving crude volatility; however, increased supply risks are beginning to add weight to price structures.

Geopolitical contexts are driving historical volatility in crude markets.

The very acknowledgment of the war is an unusual step for the group's monthly report.

Oil posted its first weekly loss since Russia invaded Ukraine and sparked one of the most tumultuous periods the market has ever experienced.

Oil's tumultuous rally paused after U.S. inflation rose to a fresh 40-year high, sparking worries that surging prices could hasten the onset of demand destruction.

The API, EWTC, TIPRO, TXOGA and LOGA have their say.

The Oil and Gas Climate Initiative has launched an initiative aiming to assist the energy industry with reaching zero methane emissions.