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WTI Posts Biggest Gain Since July
Geopolitical risks and low US inventories are keeping a bullish premium alive.
4:09 PM EST | September 02, 2025
USA, India Keep Door Open to Trade Talks
The two sides failed to clinch a deal after five rounds of talks.
4:00 PM EST | September 02, 2025
OEUK Says EPL Reform Will Mean More Jobs
Without changes to the fiscal regime, UK oil and gas could disappear within years, not decades, OEUK CEO David Whitehouse warned.
4:55 AM EST | September 02, 2025
Sudanese Army Accuses Militia of Attack on Oil Hub
Sudan's army-backed government accused its paramilitary foes of a fatal attack on oil facilities crucial to the export of neighboring South Sudan's crude.
5:00 PM EST | September 01, 2025
Oil Holds in Tight Range Ahead of Glut
Hedge funds slashed bullish crude bets as OPEC+ prepares for its Sept. 7 meeting.
4:01 PM EST | September 01, 2025
North America Loses Rigs for 2 Straight Weeks
North America lost seven rigs week on week, according to Baker Hughes' latest North America rotary rig count.
6:54 AM EST | September 01, 2025
Oil Posts First Monthly Loss Since April
OPEC+ supply growth and slowing US economic outlook kept oil prices under pressure near $64 WTI.
3:36 PM EST | August 29, 2025
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Focus On: Offshore
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Kallas Touts Secondary Sanctions Against Russia
Secondary sanctions and measures aimed at Russia's energy sector would be most effective in curbing Moscow's ability to wage war against Ukraine, according to the EU's foreign policy chief, Kaja Kallas.
9:00 AM EST | August 29, 2025
Industry Body Pays Tribute to Phil Kirk
'Phil was a tireless champion of the North Sea industry and was respected by everyone he worked alongside', OEUK Chief Executive David Whitehouse said.
5:26 AM EST | August 29, 2025
Oil Climbs as Peace Talk Prospects Fade
Crude rose after Germany said a Putin and Zelensky meeting is unlikely, reducing expectations for more Russian oil supplies.
3:36 PM EST | August 28, 2025
Expiring September Natural Gas Contract Rose 15 Cents
The expiring September natural gas contract rose 15.0 cents to roll off the board at $2.867 per MMBtu yesterday, EBW Analytics Group Energy Analyst Eli Rubin said.
10:03 AM EST | August 28, 2025
Alberta to Impose 2 Percent Levy on Hardware at Data Centers
Data center operators have been drawn to Alberta, a Canadian province with abundant and relatively cheap natural gas supplies.
9:25 AM EST | August 28, 2025
Summer Trading Remains Seasonally Thin, Analysts Say
Summer trading remains seasonally thin and attention has been drawn away from fundamentals towards broader macroeconomic news, analysts at Standard Chartered Bank said.
6:11 AM EST | August 28, 2025
Wall Street Exit Culminates in NZBA Halting Activities
The world's biggest climate alliance for banks suspended its activities and proposed a vote on scrapping its current structure.
4:00 PM EST | August 27, 2025
Oil Settles Higher as US Inventories Tighten
Oil rose 1.3% after US crude and fuel inventories fell more than expected, easing supply glut concerns.
3:27 PM EST | August 27, 2025
OPEC+ May Unwind 1.65MM Bpd of Cuts at Next Meeting, Analyst Warns
There is an increasing risk that OPEC+ will unwind the last 1.65 million barrels per day of cuts when they meet on September 7, Bjarne Schieldrop, Chief Commodities Analyst at Skandinaviska Enskilda Banken AB, said.
6:25 AM EST | August 27, 2025
Oil Settles Lower After Rally
Crude futures slipped as Trump's bid to oust a Fed governor and tariff threats on India rattled markets.
3:55 PM EST | August 26, 2025
USA EIA Sees Production Outpacing Demand in 2025 and 2026
The EIA projected that world petroleum and other liquid fuels production will come in higher than consumption both this year and next year in its latest short term energy outlook.
10:13 AM EST | August 26, 2025
North America Goes Back to Losing Rigs
North America dropped four rigs week on week, according to Baker Hughes' latest North America rotary rig count.
5:51 AM EST | August 26, 2025
India Hires USA Lobbying Firm With Trump Ties as Tariffs Loom
India's embassy in Washington has hired a lobbying firm with close ties to the Trump administration and a history of advocating for foreign entities targeted by the United States.
4:00 PM EST | August 25, 2025
WTI Tops $64 on Technical Break
Oil climbed as Fed rate cut signals and a break above key levels lifted demand hopes.
3:36 PM EST | August 25, 2025
Brent Swings to Rare Discount Against Middle East Counterpart
Brent, the global crude oil benchmark, is trading at a rare discount to its Middle Eastern counterpart.
9:30 AM EST | August 25, 2025
USA Energy Demand Projected to Rise in 2025, 2026
Total U.S. energy consumption is projected to rise in 2025 and 2026 in the U.S. Energy Information Administration's latest short term energy outlook.
7:28 AM EST | August 25, 2025
Oil Rises on Fed Rate Cut Hopes
Oil prices inched higher after Fed Chair Powell signaled a possible September rate cut.
4:21 PM EST | August 22, 2025
Oil Gains as Tariff Fears Loom
Oil rose on tariff threats against India over Russian crude purchases.
3:49 PM EST | August 21, 2025
Turkey Set for Deal to Explore Energy in Libyan Waters
If approved, the agreement could kickstart oil and gas exploration by Turkish ships in a swathe of territory between Crete and Turkey.
9:43 AM EST | August 21, 2025
Crude Futures Edge Higher
Oil rose after a U.S. stockpile decline of 6 million barrels.
3:39 PM EST | August 20, 2025
BKH, NWE to Form Company With $15.4B Enterprise Value
Black Hills Corp and NorthWestern Energy Group Inc announced in a joint statement that each company's board of directors has unanimously approved a definitive agreement to combine in an all-stock, tax-free merger.
10:15 AM EST | August 20, 2025
TIPRO, TXOGA Look at July Texas Upstream Employment
The Texas Independent Producers and Royalty Owners Association and the Texas Oil and Gas Association took a look at July Texas upstream employment.
9:01 AM EST | August 20, 2025
LNG Demand, Prices to Rise Further This Year, O'Neill Says
Declining domestic gas production and rising energy needs in emerging Asian economies such as India, the Philippines, Vietnam and Malaysia will help drive the growth, Woodside CEO Meg O'Neill said in an interview on Tuesday.
4:00 PM EST | August 19, 2025
Oil Falls as Trump Pushes Summit
Crude futures slid as traders weighed Trump's push for a Russia and Ukraine summit.
3:43 PM EST | August 19, 2025
USA EIA Reveals Latest Henry Hub NatGas Price Forecasts
The U.S. Energy Information Administration has revealed its latest average Henry Hub natural gas spot price forecasts in its August short term energy outlook.
8:19 AM EST | August 19, 2025
North America Enters Rig Addition Streak
North America added three rigs week on week, according to Baker Hughes' latest North America rotary rig count.
6:23 AM EST | August 19, 2025
Oil Rises as Ceasefire Hopes Fade
Oil rose after Zelensky's comments tempered hopes for a swift Russia-Ukraine deal.
5:08 PM EST | August 18, 2025
Trump to Hold Off Raising China Tariffs Over Russia Oil Purchases
U.S. President Donald Trump said he will hold off on raising tariffs on Chinese goods over the country's purchases of Russian oil.
4:00 PM EST | August 18, 2025
USA EIA Sees WTI Oil Price Under $48 Per Barrel in 2026
The U.S. Energy Information Administration cut its West Texas Intermediate average spot crude oil price forecast in its latest short term energy outlook.
7:44 AM EST | August 18, 2025
Any Talks About USA Sanctions on Russia 'Now Blowing in the Wind'
Any talks about U.S. sanctions towards Russia are now blowing in the wind, Bjarne Schieldrop, Chief Commodities Analyst at Skandinaviska Enskilda Banken AB, said.
6:51 AM EST | August 18, 2025
Oil Market Awaits Trump-Putin Summit as Prices Drift Lower
Oil drifted lower, settling below $66 a barrel, as investors awaited a face to face summit between Donald Trump and Vladimir Putin later Friday.
4:27 PM EST | August 15, 2025
EIA Cuts Brent Oil Price Forecast for 2025 and 2026
The U.S. Energy Information Administration cut its Brent spot average crude oil price forecast for 2025 and 2026 in its latest short term energy outlook.
7:02 AM EST | August 15, 2025
Analysts Look at Trump-Putin Alaska Meeting
'The threat of secondary sanctions has been particularly successful', Olga Tokariuk, a fellow with the Democratic Resilience Program at CEPA, said in an exclusive CEPA press briefing, which Rigzone was invited to.
6:13 AM EST | August 15, 2025
Oil Climbs From Two Month Lows
WTI rebounded above $63 as traders awaited signals from the Trump-Putin summit.
3:41 PM EST | August 14, 2025
Trump Has Limited Leverage Over Russia Without Risking Oil Price Spike
Absent greater military involvement, the Trump administration has limited leverage over Russia without risking a spike in oil prices, analysts at J.P. Morgan said.
5:21 AM EST | August 14, 2025
Russia Launches Classes for Handling Drone Hits at Energy Sites
Russia is launching new security seminars on how to handle emergencies, including drone strikes, at its energy facilities.
5:00 PM EST | August 13, 2025
Oil Drops on Stockpile Rise
US crude inventories rose sharply, pushing WTI under $63 a barrel.
3:23 PM EST | August 13, 2025
Natural Gas 'Sold Off Sharply' on Tuesday
The September natural gas contract 'sold off sharply yesterday as Monday's initial show of support collapsed', Eli Rubin, an energy analyst at EBW Analytics Group, said.
10:55 AM EST | August 13, 2025
Union Says 200+ Repsol Workers Back Enhanced Pay Offer
'The pay deal successfully negotiated by Unite is worth 8.5 percent over two years', Unite said.
8:28 AM EST | August 13, 2025
Oil Falls as China Tariff Truce Extended
Oil slipped as Trump extended a tariff truce with China and traders awaited his meeting with Putin.
3:35 PM EST | August 12, 2025
NOAA Updates 2025 Atlantic Hurricane Season Forecast
'As we enter the second half of the season, this updated hurricane outlook serves as a call to action to prepare now', Acting NOAA Administrator Laura Grimm said.
10:15 AM EST | August 12, 2025
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