Category: Prices

The number of active oil and gas rigs rose this week, according to Baker Hughes data , increasing by 1 rig, for a total of 931 rigs currently in operation Continue Reading

Volatility is the name of the game for oil prices, and in this end-of-year wrap-up, Rigzone shows the ups and downs that were present in this year’s predictions. Predicting the Continue Reading

The world is turning its back on oil. But how quickly? Technological advances driven by the threat of climate change could mean the world’s thirst for petroleum tops out sooner Continue Reading

Oil prices on Friday dipped away from some of their highest levels since 2015, weighed down by rising U.S. output and the expected January re-opening of the Forties pipeline in Continue Reading

North Sea oil pipe expected to resume shipments next month U.S. crude inventories at lowest level since October 2015 Brent crude closed at its highest in more than two years Continue Reading

Oil prices were little changed on Thursday, erasing earlier losses after the operator of Britain’s Forties pipeline in the North Sea said it was expected to restart in early January Continue Reading

Volatility is the name of the game for oil prices, and in this end-of-year wrap-up, Rigzone shows the ups and downs that were present in this year’s predictions. Predicting the Continue Reading

As we roll into 2018, analysts and investors are more optimistic that the oil market will further tighten next year and support higher oil prices, but rising U.S. shale production Continue Reading

For pundits like me, it’s customary to make a listicle about the year to come – the usual predictions about things like OPEC, energy consumption, commodity prices and electric vehicle Continue Reading

The outages at the BP Forties Pipeline System is supporting oil prices. Oil prices edged higher on Wednesday, after U.S. government data showed a larger-than-expected drop in U.S. stockpiles. Light, Continue Reading