Industry News

Strategists Forecast Week on Week USA Crude Inventory Rise

Industry News - Wed, 2026-02-04 05:10
Macquarie strategists revealed that they are forecasting that U.S. crude inventories will increase week on week.

Equinor Reduces Share Buyback

Industry News - Wed, 2026-02-04 04:25
Equinor ASA reined in its share buyback after fourth-quarter profit missed analyst estimates.

Oil Ends Day Higher After Drone Incident

Industry News - Tue, 2026-02-03 16:04
Crude prices rose after a drone incident and renewed Strait of Hormuz concerns.

Trump Cuts India Tariffs

Industry News - Tue, 2026-02-03 10:36
President Donald Trump said he would roll back punitive tariffs on India in return for an agreement that Prime Minister Narendra Modi would stop buying Russian oil.

Iran Risk Hands Oil Algos Early Test

Industry News - Tue, 2026-02-03 10:15
Algorithmic traders have racked up a third straight year of losses in oil.

Devon, Coterra Sign 'Blockbuster' Merger Deal

Industry News - Tue, 2026-02-03 09:04
Devon Energy and Coterra Energy announced the signing of a definitive agreement to merge in an all-stock transaction.

USA Flagged Oil Tanker Hailed by Iranian Ships in Hormuz

Industry News - Tue, 2026-02-03 08:46
An oil tanker that's part of a US-military fuel procurement program was hailed by small armed ships in the Strait of Hormuz off Iran's coast.

USA Flagged Oil Tanker Hailed by Armed Ships in Hormuz

Industry News - Tue, 2026-02-03 08:46
An oil tanker that's part of a US-military fuel procurement program was hailed by small armed ships in the Strait of Hormuz off Iran's coast on Tuesday.

UK Navy Says Ship Hailed by Armed Vessels in Hormuz

Industry News - Tue, 2026-02-03 08:46
A vessel was hailed by smaller armed ships in the Strait of Hormuz, a UK naval group said.

USA Upstream M&A Regains Momentum

Industry News - Tue, 2026-02-03 06:27
'After a midyear slowdown, U.S. upstream M&A regained momentum in 4Q25', EIR said.

North America Adds 3 Rigs WoW

Industry News - Tue, 2026-02-03 05:39
North America added three rigs week on week, according to Baker Hughes' latest North America rotary rig count.

Major LNG Players Skip Qatar Conference

Industry News - Tue, 2026-02-03 04:03
Some of the liquefied natural gas industry's biggest companies are skipping a key conference in Qatar.

Oil Closes Sharply Lower as Iran Risk Fades

Industry News - Mon, 2026-02-02 15:30
Oil prices plunged as easing Iran tensions erased geopolitical risk premiums and sparked a broader commodities selloff.

Trump Says He Welcomes China, India Investment in VEN Oil

Industry News - Mon, 2026-02-02 10:33
President Donald Trump said Saturday he welcomed investment by China and India in Venezuela's oil industry.

Trump to Launch $12B Critical Mineral Stockpile

Industry News - Mon, 2026-02-02 10:03
President Donald Trump is set to launch a strategic critical-minerals stockpile with $12 billion in seed money.

Texas Upstream Oil, Gas Employment Was Steady in 2025

Industry News - Mon, 2026-02-02 09:49
'Through November 2025, upstream employment totaled 201,200 jobs', TXOGA said.

OPEC+ 8 Reaffirm Decision to Pause Output Hikes

Industry News - Mon, 2026-02-02 09:43
Eight OPEC+ countries met virtually on February 1 'to review global market conditions and outlook', a statement posted on OPEC's site highlighted.

Analysts Explain Energy 'Bloodbath'

Industry News - Mon, 2026-02-02 08:20
Rigzone talks to several analysts.

Trump Eyes Iran Nuclear Deal

Industry News - Mon, 2026-02-02 05:16
U.S. President Donald Trump said he anticipated talks with Iran over a new nuclear deal in the coming days.

Iran Edges Toward Nuclear Talks With USA in Bid to Avoid War

Industry News - Mon, 2026-02-02 05:16
Iran said talks with the U.S. over a new nuclear deal could get underway in coming days.

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