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 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
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
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
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
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
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,
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
Iran Says It Could Close Strait of Hormuz  | Rigzone
by  Bloomberg | Tina Davis | Thursday, July 18, 2019 Iran is capable of shutting the Strait of Hormuz but doesn’t want to do it, the country’s foreign minister said. (Bloomberg) — Iran is capable of shutting the Strait of Hormuz — a crucial choke-point for oil flows — but doesn’t want to do it,
Oil Holds Losses as Demand Fears Fed  | Rigzone
by  Bloomberg | Sharon Cho | Thursday, July 18, 2019 Oil traded near a 2-week low as an increase in U.S. fuel stockpiles spurred concern that demand is waning in the world’s biggest crude consumer. (Bloomberg) — Oil traded near a two-week low as an increase in U.S. fuel stockpiles spurred concern that demand is