Oil Advances as Gulf Tensions Remain Elevated  | Rigzone
by  Bloomberg | Sharon Cho | Monday, July 22, 2019 Oil extended gains as tensions in the Persian Gulf remained elevated after Iran seized a British tanker. (Bloomberg) — Oil extended gains as tensions in the Persian Gulf remained elevated after Iran seized a British tanker, and Libyan production fell after an unidentified group reportedly shut the
Oil Leaps as Persian Gulf Tensions Increase  | Rigzone
by  Bloomberg | Harkiran Dhillon | Friday, July 19, 2019 Oil climbs after Iran’s Revolutionary Guard Corp said it seized a British-flagged tanker in the Strait of Hormuz, raising stakes in the critical oil chokepoint. (Bloomberg) — Oil climbed after Iran’s Revolutionary Guard Corp said it seized a British-flagged tanker in the Strait of Hormuz,
Icahn Ups Oxy Board Battle After CEO Talks Fail  | Rigzone
by  Bloomberg | Kevin Crowley | Friday, July 19, 2019 Billionaire Carl Icahn formally asked Occidental investors to help him replace four of the company’s 10 directors and potentially push for a sale. (Bloomberg) — Billionaire Carl Icahn formally asked Occidental Petroleum Corp. investors to help him replace four of the company’s 10 directors and
Guaido Asks US Judge to Protect PDVSA Board Picks  | Rigzone
by  Bloomberg | Jef Feeley | Friday, July 19, 2019 Venezuela’s opposition leader is asking a court in Delaware to protect his board appointments to the government-owned company that runs one of the biggest U.S. refiners. (Bloomberg) — Venezuela’s opposition leader is asking a court in Delaware to protect his board appointments to the government-owned company that
US Drops Five Oil Rigs  | Rigzone

US Drops Five Oil Rigs  | Rigzone

by  Valerie Jones | Rigzone Staff | Friday, July 19, 2019 The U.S. saw another week of rig declines, according to Baker Hughes, a GE Company. The U.S. saw another week of rig declines, shedding five oil rigs, according to weekly data from Baker Hughes, a GE Company.   Gas rigs increased by two, bringing
US Oil Exports Reach New All-Time High  | Rigzone
by  Andreas Exarheas | Rigzone Staff | Friday, July 19, 2019 U.S. crude oil exports reached a new all-time high of 3.3 million barrels per day in June. U.S. crude oil exports reached a new all-time high of 3.3 million barrels per day (MMbpd) in June. That’s according to the American Petroleum Institute’s (API) latest
Oil Pares Weekly Loss as US Downs Iran Drone  | Rigzone
by  Bloomberg | Sharon Cho | Friday, July 19, 2019 Oil snapped four days of losses after an American warship downed an Iranian drone near the Strait of Hormuz. (Bloomberg) — Oil snapped four days of losses after an American warship downed an Iranian drone near the Strait of Hormuz, stoking concerns crude flows from
Project Sanctions Primed to Surpass 2014 Numbers  | Rigzone
by  Valerie Jones | Rigzone Staff | Thursday, July 18, 2019 Offshore project sanctioning in 2019 has already exceeded the $50 billion mark, which could mean we’ll soon see numbers surpassing 2014 commitments of $78 billion, according to Rystad Energy. Offshore project sanctioning in 2019 has already exceeded the $50 billion mark, which could mean
US Warship Destroyed Iran Drone Near Strait of Hormuz  | Rigzone
by  Bloomberg | Jennifer Jacobs & Josh Wingrove | Thursday, July 18, 2019 Trump said the U.S. “immediately destroyed” an Iranian drone that approached the USS Boxer near the Strait of Hormuz, the latest sign of escalating military tensions around the critical oil chokepoint. (Bloomberg) — President Donald Trump said the U.S. “immediately destroyed” an
Light Crude Falls Below $55  | Rigzone
by  Matthew V. Veazey | Rigzone Staff | Thursday, July 18, 2019 WTI and Brent crude oil futures declined for the fourth consecutive trading day. West Texas Intermediate (WTI) and Brent crude oil futures declined for the fourth consecutive trading day. The WTI for August delivery lost $1.48 Thursday, settling at $55.30 per barrel. At