Rigzone Oil & Gas Headlines
- North America added three rigs week on week, according to Baker Hughes' latest North America rotary rig count.
- U.S. upstream mergers and acquisitions hit $38 billion in the first quarter of this year before volatility 'pause[d]… the market', Enverus Intelligence Research noted.
- The U.S. Energy Information Administration has widened its global oil deficit projection for 2026.
- Trump said he stopped short of asking Xi to lean on Iran to ease traffic through the passage, but predicted the Chinese leader would do so.
- Traders remain focused on tightening crude supplies and fragile Middle East ceasefire conditions.
- 'The increase in upstream employment in March … demonstrates the strength and resilience of our industry', TIPRO President Ed Longanecker said.
- The U.S. Energy Information Administration revealed its latest oil price forecasts in its May short term energy outlook.
- Rigzone talks to oil and gas analysts from Standard Chartered, Wood Mackenzie, and the American Enterprise Institute.
- Cuba said the country has completely run out of the diesel and fuel oil it needs to keep its power plants running.
- Oil prices steadied as Trump and Xi discussed Iran and energy trade.