Rigzone Oil & Gas Headlines
- Natural gas prices seemed to fall in sympathy with oil, one analyst told Rigzone.
- 'The geopolitical situation in the Middle East appears to have cooled substantially', one analyst said.
- 'Unlocking economic growth is the solution, and building on industrial strengths is key to our path forward', OEUK's CEO stated.
- Oil prices plummeted as tensions in the Middle East showed signs of easing, with Israeli strikes avoiding Iran's oil infrastructure, leading traders to shift focus to weak demand and anticipated oversupply next year.
- North America dropped one rig week on week, according to Baker Hughes' latest rotary rig count.
- TIPRO said its new workforce data 'yet again indicated strong job postings for the Texas oil and natural gas industry'.
- 'Energy traders have increased conviction levels that Iranian crude facilities will not play a part in the ongoing conflicts', the Head of Research at Pepperstone said.
- Suriname is on the verge of becoming a major South American energy producer.
- Oil prices rose this week as escalating Middle East tensions and potential shifts in OPEC output spurred trading volatility, pushing WTI and Brent above key price levels.
- 'Oil prices continue to yo-yo between $70 and $80 per barrel', a BofA Global Research report sent to Rigzone today stated.