Rigzone Oil & Gas Headlines
- Oil fell over 2% as a key technical breach and potential Iraqi supply increase pressured prices, while OPEC+ considers delaying production hikes.
- The U.S. continues to pursue the mineral deal.
- 'Two Pemex workers were evacuated from the platform, due to a possible stress scenario resulting from the incident', Pemex said.
- The EU trade chief said talks with the US at this stage are aimed at finding common ground and building momentum.
- Oil prices extended modest gains above $72 as supply concerns, a weaker dollar, and refinery shifts influenced market sentiment, while trading remained rangebound amid investor caution.
- 'LNG and LPG carriers have shown the most severe impact', Dryad Global said.
- Oil prices climbed as supply uncertainties from OPEC+, Russia, and Kazakhstan, along with geopolitical tensions and technical support levels, drove crude higher.
- The global energy market needs trilateral discussions between Russia, the US and Saudi Arabia, said President Vladimir Putin.
- According to its February STEO, the EIA sees the WTI spot price averaging $70.62 per barrel in 2025.
- Rigzone talks to Dave Mount, Executive Vice President of Louisiana-based OneSource Professional Search, and Brian Binke, the President and CEO of Michigan based the Birmingham Group.