Rigzone Industry News

Oil dropped below $90 a barrel after Israel said it would remove some troops from Gaza, with crude's recent rally now facing technical resistance as geopolitical friction shows signs of easing.

Oil held above the $90-a-barrel threshold as escalating tensions in the Middle East prompt a dramatic repricing of geopolitical risks.

The global oil market has gone from languid to lively in the space of a few weeks.

Oil edged higher, extending a rally that has brought prices to a five-month high, after OPEC+ ministers affirmed current supply cuts.

Ocean Installer has been tapped for a new subsea line modification project on Asgard A.

US crude futures pierced $85 for the first time since October, the latest milestone in a rally driven by OPEC+ production cuts, strong demand and heightened geopolitical risks.

Oil rose on the prospect of tightening crude supplies in the Americas while an Israeli attack in Syria threatened to widen the conflict in the Middle East.

Executives from oil and gas firms revealed where they expect the Henry Hub natural gas price to be at various points in the future as part of the latest Dallas Fed Energy Survey.

Executives from oil and gas firms revealed where they expect the WTI crude oil price to be at various points in the future as part of the first quarter Dallas Fed Energy Survey.

Oil scored a 16% quarterly gain in the latest sign that export curbs by OPEC and its allies are reining in global supplies.