Rigzone Oil & Gas Headlines
- Here's a round-up of the initial impact of Wednesday's big announcement.
- Uncertainty over tariffs, sanctions, and OPEC output drove cautious gains in crude.
- It appears that the May natural gas contract is looking to establish a new post-winter trading range into the shoulder season, Eli Rubin, an energy analyst at EBW Analytics Group, said.
- The punishments would include a 500 percent tariff on imports from countries that buy Russian oil, petroleum products, natural gas or uranium, according to a draft of the bill seen by Bloomberg News.
- SLB announced that it has been awarded a major drilling contract by Australian independent Woodside Energy for its ultra-deepwater Trion development.
- A record volume of swaps that traders use to hedge benchmark physical oil prices changed hands on Friday as prices jumped.
- Market uncertainty grew with mixed signals on Russia and Iran, affecting oil demand forecasts.
- President Donald Trump said he was 'very angry' at Vladimir Putin.
- 'This quarter's lease sales demonstrate Interior's unwavering commitment to fostering American energy dominance', Department of the Interior Secretary Doug Burgum said.
- 'If the sanctions are expanded … the consequences will reach far beyond Iran, could reshape geopolitics, and send shockwaves through energy markets', Rystad warned.