3+ day, 19+ hour ago   (89+ words) Oil Soars as Hormuz Risks Rattle Markets Rigzone Oil Soars as Hormuz Risks Rattle Markets Brent oil spiked over $107 a barrel, the highest in nearly four months, as deteriorating conditions in the Middle East heightened concerns over global supplies. - Brent…...

3+ day, 19+ hour ago   (266+ words) Russia’s production of crude oil shrank in August, lagging further behind its OPEC+ quota, after Ukraine stepped up attacks on the nation’s oil assets. The country pumped an average of 8.718 million barrels a day of crude last month, the Organization…...

4+ day, 5+ hour ago   (470+ words) TotalEnergies SE on Thursday announced a discovery in Block 17 off Angola's Atlantic coast, which it expects to put into production this quarter. Acacia-5 will be tied back to the Pazflor floating production, storage and offloading (FPSO) vessel, adding 6,000 barrels per…...

5+ day, 1+ hour ago   (717+ words) The number of employees in the oil and gas extraction industry rose month on month, bucking a trend, data on the U.S. Bureau of Labor Statistics (BLS) website showed. According to preliminary figures included in the BLS data page, the number…...

5+ day, 4+ hour ago   (999+ words) In an oil market note sent to Rigzone by the HSBC team on Tuesday, analysts at the company, including HSBC Senior Global Oil and Gas Analyst Kim Fustier, revealed that they had raised their 2026 oil price forecast by $10 per barrel…...

6+ day, 2+ hour ago   (459+ words) Saudi Arabia halted several energy facilities in the south, as the Iran-backed Houthi militants claimed fresh strikes on the kingdom. The Yemen-based Houthis said they targeted Saudi Aramco’s facilities in Abha, Najran and Jazan with ballistic missiles and drones, the…...

6+ day, 1+ hour ago   (776+ words) North America dropped seven rigs week on week, according to Baker Hughes’ latest North America rotary rig count, which was published on September 4. Although the total U.S. rig count remained flat week on week, the total Canada rig count dropped…...

6+ day, 5+ hour ago   (874+ words) In a statement sent to Rigzone recently, industry body Offshore Energies UK (OEUK) said the industry urgently needs a firm date for HM Treasury’s (HMT) North Sea tax plan. OEUK revealed in the statement that the group has written to…...

6+ day, 9+ hour ago   (189+ words) Rigzone Chinese crude oil imports strengthened in August, as cargoes from the Persian Gulf crept higher and refiners increased purchases from other sources Undeterred by higher prices, importers shipped in 37.9 million tons last month, 6.2 percent more than in July, according…...

1+ week, 4+ hour ago   (685+ words) The U.S.-Venezuela oil deal is a long-term project, not a near-term U.S. Strategic Petroleum Reserve (SPR) filler, Emily Ashford, Standard Chartered Bank’s Head of Energy Research, said in a report sent to Rigzone recently. In the report, Ashford highlighted that the…...