Rigzone Oil & Gas Headlines
- Markets remain cautious as global supply growth continues to outpace demand.
- World petroleum and other liquid fuels production will outweigh consumption by 2.83 million barrels per day in 2026, according to the EIA's January short term energy outlook.
- Enverus announced that it has released its annual list of 'the top public onshore exploration and production companies in the U.S. based on gross operated production last year'.
- 'Weather has re-entered the equation in force', SEB Commodities Analyst Ole R. Hvalbye told Rigzone in an exclusive interview on Monday.
- The Trump administration said it's canceling almost $30 billion of financing from the Energy Department's green bank after reviewing transactions approved under former President Joe Biden.
- Crude settled higher as renewed Iran tensions and winter weather lifted the geopolitical risk premium despite lingering supply glut concerns.
- The worst may be behind the global oil market, Chief Executive Officer Olivier Le Peuch said in a statement.
- U.S. natural gas futures for February delivery surged by 70 percent this week as the market braced for a historic winter storm.
- 'This winter storm will shut it all down', AccuWeather Chief Meteorologist Jonathan Porter warned.
- Shell announced changes to its executive committee in a statement posted on its website this week.