Oil Prices Fall on Final Day of 2019  | Rigzone
by  Matthew V. Veazey | Rigzone Staff | Tuesday, December 31, 2019 WTI and Brent crude oil prices finished lower on New Year’s Eve. West Texas Intermediate (WTI) and Brent crude oil prices finished lower on the final day of 2019. The February WTI contract price lost 62 cents Tuesday, settling at $61.06 per barrel.
European Gas Prices Fall  | Rigzone

European Gas Prices Fall  | Rigzone

by  Bloomberg | D.Khrennikova, D.Krasnolutska, M.Carr | Tuesday, December 31, 2019 European gas and power prices extended declines after a last-gasp accord between Russia and Ukraine on natural gas flows averted a winter supply crisis. (Bloomberg) — European gas and power prices extended declines after a last-gasp accord between Russia and Ukraine on natural gas
Rigzone Editors on Their Favorite Stories of 2019  | Rigzone
by  Rigzone Staff | Tuesday, December 31, 2019 Here are some of the stories that stood out for the Rigzone editors this year. Each year, our editors write hundreds of stories. Among these, there are always a few that stand out. Here are some of our team’s favorite stories from 2019, and details about what
Sailors Kidnapped from Greek Tanker  | Rigzone
by  Bloomberg | Sotiris Nikas | Tuesday, December 31, 2019 Five Greeks, two Filipinos and a Ukrainian were abducted by unidentified assailants from the Greek-flagged tanker ‘Happy Lady’. (Bloomberg) — Five Greeks, two Filipinos and a Ukrainian were abducted by unidentified assailants from the Greek-flagged tanker ‘Happy Lady’ while the vessel was anchored two nautical
OPEC Aims to Prop Up Oil Prices  | Rigzone
by  Nicholas Newman | Rigzone Contributor | Tuesday, December 31, 2019 Even if all OPEC members and Russia were to comply 100 percent, global oil inventories could still rise by 700,000 b/d in 1Q 2020. At December’s meeting in Vienna, OPEC plus agreed production cuts of 500,000 barrels a day for the first quarter of
Oil on Track for Best Year Since 2016  | Rigzone
by  Bloomberg | Alex Longley & Kriti Gupta | Monday, December 30, 2019 Oil is on track for the biggest yearly gain since 2016 as declining U.S. crude stockpiles eased oversupply concerns, and heightened geopolitical risk gave the commodity a boost. (Bloomberg) — Oil is on track for the biggest yearly gain since 2016 as
Hedge Funds Stay Bullish on Oil  | Rigzone
by  Bloomberg | Carlos Caminada and Kriti Gupta | Monday, December 30, 2019 Hedge funds are approaching the end of the year more optimistic on global oil prices than they’ve been since May. (Bloomberg) — Hedge funds are approaching the end of the year more optimistic on global oil prices than they’ve been since May.
US Returns to Being a Net Oil Exporter  | Rigzone
by  Nicholas Newman | Rigzone Contributor | Monday, December 30, 2019 Two factors could directly affect the future level of US crude exports. Thanks to the shale oil revolution, for the first time since the 1940s, the United States exported more oil than it imported last September. In that month, U.S. exports of crude oil
Oil Up as US Crude Stockpiles Shrink  | Rigzone
by  Bloomberg | Saket Sundria and Alex Longley | Monday, December 30, 2019 Oil traded near the highest close in over three months after U.S. crude stockpiles declined more than expected. (Bloomberg) — Oil traded near the highest close in over three months after U.S. crude stockpiles declined more than expected, easing oversupply concerns. Futures
Top 10 Articles by Rigzone Staff in 2019  | Rigzone
by  Rigzone Staff | Monday, December 30, 2019 Rigzone reveals the most-read articles written by staff in 2019. As the year comes to a close, Rigzone takes a look back at the articles that were viewed the most in 2019. We’d like to thank you all for reading and wish you a Happy New Year!