Rigzone Oil & Gas Headlines
- Oil prices fell as investors turned cautious on Iran risks and weaker equities.
- Rystad Energy outlined that the January U.S. labor market report 'surprise[d]… to the upside, underpinning energy demand'.
- China has bought some Venezuelan oil that was purchased earlier by the U.S., according to Energy Secretary Chris Wright.
- Traders balanced Iran uncertainty against growing inventories.
- The U.S. Energy Information Administration projected that the average Brent spot price will drop in 2026 and 2027.
- The U.S. Energy Information Administration's latest gasoline fuel update showed an increasing trend for the U.S. regular gasoline price.
- The U.S. government issued a general license to allow oilfield-service companies to work in Venezuela.
- Oil slid in a choppy session.
- U.S. forces boarded an oil tanker after a cat-and-mouse chase from the Caribbean to the Indian Ocean, the Pentagon said.
- 'The powerful combination is well-timed to capitalize on an emerging, multi-year offshore drilling upcycle', said Keelan Adamson, Transocean President and Chief Executive Officer.