Rigzone

Rigzone Oil & Gas Headlines

• Crude Falls as Market Refocuses on Glut
  January 6, 2026
  Oil prices fell as traders looked past geopolitics and focused on a growing global surplus.
• Venezuelan Oil Shunned by China
  January 6, 2026
  Chinese buyers shunned offers for Venezuelan crude this week.
• Henry Hub Spot Gas Prices 'Collapse'
  January 6, 2026
  'Physical natural gas prices are crashing', EBW Analytics Group Energy Analyst Eli Rubin said.
• Trafigura to Talk With USA Over Venezuelan Oil
  January 6, 2026
  Trafigura is one of the world's biggest traders of oil, moving an average of 6.6 million barrels a day.
• North America Drops 16 Rigs Week on Week
  January 6, 2026
  North America dropped 16 rigs week on week, according to Baker Hughes' latest North America rotary rig count.
• 2026 Oil Market Will Not Be About Venezuela
  January 6, 2026
  'The global oil market in 2026 will not be about Venezuela', SEB Chief Commodities Analyst Bjarne Schieldrop said.
• Oil Settles Higher as US Pressures Venezuela
  January 5, 2026
  Oil prices rose as geopolitical risks increased following US action against Venezuela.
• Denmark Warns Trump to Stop Greenland Threats
  January 5, 2026
  Denmark's prime minister urged Donald Trump to stop threatening to take control of Greenland.
• OPEC+ 8 Reaffirm Decision to Pause Production Hikes
  January 5, 2026
  Eight OPEC+ countries met virtually on January 4 'to review global market conditions and outlook', a statement posted on OPEC's site highlighted.
• Trump Says USA Will Rebuild Venezuela Oil Infrastructure
  January 5, 2026
  'We're going to get the oil flowing the way it should be', U.S. President Donald Trump said.