Industry News

Rigzone delivers the latest headlines for Oil and Gas industry news; analysis of issues and events; practical technology for design, operation and maintenance; and important statistics on international markets and activity.

8/18/2019: Oil Climbs Amid Sign of Trade War Truce

Oil climbs as the U.S. delay sanctions against Huawei Technologies Co., offering a hint of progress in its trade war with China.

8/18/2019: Seadrill Aims for Increased Offshore Safety with New Technology

Offshore drilling contractor Seadrill Limited has introduced a new technology to enhance offshore safety.

8/18/2019: Oil Up as Mideast Fears Stoked

Oil rose for a second day as a drone attack on a Saudi Arabian oil field revived concerns that the tense Middle East political situation may jeopardize crude exports.

8/15/2019: Oil Prices End Volatile Week on Mild Note

WTI and Brent crude oil futures concluded a volatile week of trading with modest gains Friday.

8/15/2019: US Adds Six Oil Rigs

After several weeks of declines, the U.S. tacked on an additional six oil rigs.

8/15/2019: OPEC Sees Somewhat Bearish Oil Outlook

Global oil markets face a 'somewhat bearish' outlook for the rest of the year, according to OPEC.

8/15/2019: US Petroleum Demand Strongest Since 2007

In the year-to-date through July, total U.S. petroleum demand averaged its strongest level since 2007.

8/15/2019: Trump Sanctions Leave Russian Exporters $1B Richer

U.S. President Donald Trump's sanctions against Iran and Venezuela have inadvertently increased demand for a Russian brand of crude oil.

8/15/2019: Oil Set for Gain as Trade War Whipsaws Market

Oil headed for its first weekly gain this month.

8/14/2019: Oil Prices Slide Again

WTI and Brent crude oil finished lower for the second straight trading day.