Rosneft failed to sell oil in a jumbo tender after demanding prepayment in roubles, five traders said on Monday, meaning the country’s top oil company will need to find ways Continue Reading
Rigzone speaks to the Department of the Interior, the National Ocean Industries Association, the Energy Workforce and Technology Council and Fitch Solutions. According to the Department of the Interior (DOI), Continue Reading
Americans are worrying about their gas prices. Germans are turning down their heating. Peru has seen violent protests — and a violent crackdown on them — over rising fuel costs. Continue Reading
EU ban on Russian crude may create massive problems for the global refinery system. Depending on speed of phase-out, more than 3 million bpd of Russian oil production could be Continue Reading
Morgan Stanley raises amount of lost Russian supply to 2 million bpd. Morgan Stanley adjusts its forecast for returning Iranian supply. Morgan Stanley revised its oil price forecast upwards for Continue Reading
Standard Chartered analysts warned that they think there is a significant downside risk to 2022 oil demand growth. In a new report sent to Rigzone this week, Standard Chartered forecasted Continue Reading
Member countries of the International Energy Agency will be releasing a total of 182.7 million barrels of oil from emergency stocks over six months, of which 74 percent will come Continue Reading
The number of total active drilling rigs in the United States rose by 2 this week, after an increase of 4 rigs in the week prior, according to new data Continue Reading
Oil Analyst Sen Sees Rising Risk as SPR Impact Fades The global oil industry is on pace to repeat or even surpass the heady days of 2008 when crude ascended Continue Reading
Even before Russia invaded Ukraine and sent oil prices into the stratosphere, the oil market was dealing with a serious supply issue. According to some analysts, when the war in Continue Reading
