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
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
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 Global Demand Fears Rekindle  | Rigzone
by  Bloomberg | Tsuyoshi Inajima | Wednesday, July 17, 2019 Oil held its biggest loss in two weeks as President Donald Trump’s threat of new tariffs on Chinese imports rekindled fears about global demand. (Bloomberg) — Oil held its biggest loss in two weeks as President Donald Trump’s threat of new tariffs on Chinese imports
US to Brief Diplomats on New Gulf Maritime Plan  | Rigzone
by  Bloomberg | Stephen Cunningham | Wednesday, July 17, 2019 The U.S. plans to brief foreign diplomats based in Washington this week on a new maritime security initiative to protect shipping in the Middle East. (Bloomberg) — The U.S. plans to brief foreign diplomats based in Washington this week on a new maritime security initiative
Trump Warns Trade War Can Escalate  | Rigzone
by  Andreas Exarheas | Rigzone Staff | Wednesday, July 17, 2019 U.S. President Donald Trump has warned that the U.S.-China trade war can ratchet up further, if the United States wants. U.S. President Donald Trump has warned that the U.S.-China trade war can ratchet up further, if the United States wants. In a cabinet meeting
Iran Says Missing Oil Tanker Towed for Repairs  | Rigzone
by  Bloomberg | Z.Fattah, V.Ratcliffe and Z.Khan. | Wednesday, July 17, 2019 An oil tanker that had gone missing in the Persian Gulf had technical difficulties and was towed into Iranian waters for repairs, an Iranian foreign ministry official said, according to the ISNA news agency. (Bloomberg) — A small oil tanker that had gone
US 'Shot Itself in the Foot' by Quitting Iran Deal  | Rigzone
by  Bloomberg | Margaret Talev & David Wainer | Wednesday, July 17, 2019 The U.S. has “shot itself in the foot” by pulling out of the nuclear accord with Iran, Foreign Minister Javad Zarif said. (Bloomberg) — The U.S. has “shot itself in the foot” by pulling out of the nuclear accord with Iran, Foreign
Crude Oil Edges Downward  | Rigzone

Crude Oil Edges Downward  | Rigzone

by  Matthew V. Veazey | Rigzone Staff | Wednesday, July 17, 2019 WTI and Brent crude oil finished lower again Wednesday. West Texas Intermediate (WTI) and Brent crude oil finished lower again Wednesday, weighed down in part by the prospect of new U.S. tariffs on Chinese goods and the effect they would have on demand.