Rigzone Industry News

OPEC+ cuts are reverberating in Middle Eastern crude markets, with Asian buyers turning to US barrels.

Oil and gas majors posted lower profits for the second quarter amid a fall in prices.

'In our view the rise in prices is a belated market acknowledgment of a significant tightening'.

The results are broadly in line with industry peers Chevron Corp. and Equinor ASA.

Hess blamed the decrease on lower realized selling prices.

A joint venture by Chevron and W.R. Grace & Co. launched a hydroprocessing catalyst solution to produce renewable diesel and aviation fuel.

Oil rose to the highest since April as signs of economic strength in the US improved the outlook for demand, outweighing concerns about a price correction based on technical factors.

A bill has been introduced to require threats assessments to safeguard the Strategic Petroleum Reserve from physical and cyber threats.

North America lost six rigs week on week, according to the latest rotary rig count from Baker Hughes.

The price of gasoline is starting to surge everywhere.