Crude Oil Caps Off Strong Week  | Rigzone
by  Matthew V. Veazey | Rigzone Staff | Friday, March 29, 2019 The WTI/Brent spread stands at approximately $8.25 per barrel. West Texas Intermediate (WTI) crude oil for May delivery gained 84 cents Friday, settling at $60.14 per barrel. The WTI, which traded within a range from $59.41 to $60.73, is up 1.9 percent against
US Scraps Another 10 Oil, Gas Rigs  | Rigzone
by  Valerie Jones | Rigzone Staff | Friday, March 29, 2019 Following a week of declines, the U.S. experienced another drop in its oil and gas rig count. After a rig count decline of 10 last week, the U.S. dropped another 10 oil and gas rigs this week, according to weekly data from Baker Hughes,
Brexit Weighs on Oil and Gas Firms  | Rigzone
by  Matthew V. Veazey | Rigzone Staff | Friday, March 29, 2019 Experts speculate on what could happen in Brexit scenarios. The eyes of the world are on the UK Parliament, where members of the House of Commons on Friday again defeated a plan outlining terms for the UK to withdraw from the European Union (EU).
Oil Set for Best First Quarter Since 2002  | Rigzone
Oil rose to a four-month high on Friday. (Bloomberg) — Oil rose to a four-month high as news of Russian production cuts helped crude continue toward its best first quarter in seventeen years. Futures rose as much as 2.4 percent in New York on Friday before paring some of those gains. Russia deepened its output
Crude Oil Edges Downward  | Rigzone

Crude Oil Edges Downward  | Rigzone

by  Matthew V. Veazey | Rigzone Staff | Thursday, March 28, 2019 Both the WTI and Brent ended the day lower again Thursday. The West Texas Intermediate (WTI) crude oil price fell for the second straight day Thursday. The May WTI futures price lost 11 cents to settle at $59.30 per barrel. The WTI traded
Oil Declines as Trump Pushes OPEC to Boost Production  | Rigzone
by  Bloomberg | Alex Longley | Thursday, March 28, 2019 President Donald Trump renewed his criticism on OPEC, saying the cartel should lift crude production. (Bloomberg) — Oil extended declines after President Donald Trump renewed his criticism on OPEC, saying the cartel should lift crude production. Futures in New York dropped as much as 2
Offshore Drilling Moving Out of Shale's Shadow  | Rigzone
by  Bloomberg | David Wethe and Rachel Adams-Heard | Thursday, March 28, 2019 After years in the shadow of the U.S. shale patch, deep-water explorers see a revival coming. (Bloomberg) — Offshore is ready for the limelight again. After years in the shadow of the U.S. shale patch, deep-water explorers from Royal Dutch Shell Plc
BHP Mulling a Bid for Blackstone-Backed Bluewater  | Rigzone
by  Bloomberg | Kiel Porter | Thursday, March 28, 2019 The Bluewater business is focused on deepwater exploration in the Gulf of Mexico and could fetch up to $2 billion in a sale. (Bloomberg) — BHP Group is among the potential bidders for Blackstone Group LP and LLOG Exploration Co.’s oil-exploration joint venture Bluewater, according
BP Expands Program to Lure Mid-Career Talent  | Rigzone
by  Matthew V. Veazey | Rigzone Staff | Thursday, March 28, 2019 BP’S Returnship Program targets women and men who stepped out of the workforce for family or personal reasons and wish to return to work. BP plc is expanding a program to lure experienced professionals back into the workforce for full-time and project-based roles.
Oil Prices Down Amid Unexpected US Build  | Rigzone
by  Matthew V. Veazey | Rigzone Staff | Wednesday, March 27, 2019 Both major oil benchmarks were lower Wednesday. May West Texas Intermediate (WTI) crude oil futures lost 53 cents Wednesday, settling at $59.41 per barrel. The benchmark traded within a range from $58.81 to $60.22. The latest U.S. commercial crude oil inventory data from