Rigzone Industry News

According to Rystad Energy data and research, crude production in OPEC+ countries increased in February.

An unexpected increase in Henry Hub prices is countering bearish fundamentals seen in recent weeks, Rystad Energy Senior Analyst Lu Ming Pang said.

Russian refineries' recovery from Ukrainian drone attacks helped the country's oil processing to pick up in the second half of February.

Rystad Energy and Macquarie look at the latest OPEC+ developments.

The prices of Russian oil 'markedly' fell after the United States and its allies started implementing a tougher price cap regime last year.

Repsol SA will increase its dividend by 29 percent and buy back more shares.

'As Europe approaches winter's end with higher than normal gas in storage, the Title Transfer Facility forward curve continues to reflect a relatively subdued market'.

Russia's oil processing suffered further in the latest week.

Rystad forecasts that the combined Diamondback Energy-Endeavor Energy company will produce 819,500 barrels of oil equivalent per day in the Permian this year.

RPC posted a net income of $40.3 million for the fourth quarter of 2023.