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Rigzone.com: Latest News Headlines |
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IEA Says Global Oil Demand Growth to Slow For Rest of 2025 |
Faltering consumption threatens a further blow to oil prices. |
Oil Slips as Trump Eyes Iran Deal |
Demand concerns and rising OPEC+ output continue to pressure prices. |
Kimmeridge, Mubadala to Grow Gas Cooperation |
Kimmeridge concurrently announced its expansion into the Middle East with the launch of an office in Abu Dhabi's financial center. |
Baltic Neighbors Renew Commitment to EU Energy Integration |
The European Commission and the Baltic Energy Market Interconnection Plan group signed a new MOU to intensify efforts to create a more unified energy market. |
EIA Raises USA Diesel Price Forecasts |
In its latest short term energy outlook, the EIA raised its U.S. on-highway diesel fuel price forecast for 2025 and 2026. |
Russia Oil Export Revenue at Lowest Since 2023 as Prices Slump |
The price of the Brent benchmark is more than 14 percent down so far this year. |
Oil Prices Have Risen Strongly Over the Past Week |
Oil prices have risen strongly over the past week, analysts at Standard Chartered Bank said in a report sent to Rigzone late Tuesday. |
INEOS Declares Milestone for Europe with Launch of CO2 Carrier |
INEOS and its Project Greensand partners expect the ship and the other CCS components to become fully operational by the end of 2025 or early 2026. |
Why Is the Oil Price Dropping Today? |
Rigzone talks to Bill Farren-Price, Senior Research Fellow and Head of Gas Research at the Oxford Institute for Energy Studies, and Lucas Herrmann, the Head of Oil & Gas Equity Research at BNP Paribas Exane. |
Aramco Pens $90B Deals with US Companies |
Aramco signed agreements spanning its operations from refining and LNG to AI with U.S. companies. |
OPEC+ Makes Careful Start to Supply Revival |
OPEC+ nations made a careful start to their long-awaited oil production revival in April, ahead of the group's plans for a much quicker surge in output in the coming months. |
Nigeria Says Exxon Commits $1.5B to Deepwater Development |
Exxon Mobil Corp. plans to invest $1.5 billion in a deepwater oil field in Nigeria as Africa's top producer looks to boost output, according to the nation's regulator. |
Carney Says He's Open to Changing Green Laws to Boost Energy Projects |
His Liberal government faces a tense relationship with the premier of the oil-rich province of Alberta, where some are even agitating to secede from Canada. |
Crude Slips After Inventory Surge |
Optimism from the US-China trade truce was overshadowed by bearish government data. |
USA DOE Announces 1st Step in its 'Largest Deregulatory Effort in History' |
In a statement posted on its website this week, the U.S. Department of Energy announced 'the first step in the Energy Department's largest deregulatory effort in history'. |
US, Saudi Arabia Ink Energy, Critical Mineral Deals |
The agreements were signed during Trump's visit to the kingdom, in which the U.S. president secured $600 billion in investment commitments from Saudi partners. |
Tallgrass Secures Shipping Deals for Planned Permian Gas Pipeline |
The firm transport commitments 'financially justify construction of the pipeline project', planned to carry up to 2.4 Bcf from the Permian. |
Trump Favors $40-$50 Oil, Goldman Says After Sifting Posts |
President Donald Trump appears to prefer U.S. oil prices between $40 and $50 a barrel, according to Goldman Sachs Group Inc. |
EIA Expects USA Gasoline Price to Drop in 2025 and 2026 |
The U.S. Energy Information Administration expects the U.S. regular gasoline retail price to drop this year and next year, according to its latest short term energy outlook. |
Tenaz Closes Acquisition of NOBV, Widens Q1 Net Loss |
The acquired assets produced approximately 11,000 barrels of oil equivalent per day (boepd), consisting of 99 percent natural gas, for the first four months of 2025. |
NYT > Business > Energy & Environment |
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Trump Administration to Uphold Some PFAS Limits but Eliminate Others |
The E.P.A. said it would maintain limits on the two most common “forever chemicals” in tap water. Rules for four others will be rolled back. |
3M to Pay New Jersey Up to $450 Million for Drinking-Water Contamination |
The state claimed “forever chemicals,” also known as PFAS, contaminated groundwater from an industrial park where they were used for decades. |
Republican Budget Bill Aims to End I.R.A. Clean Energy Boom |
The party’s signature tax plan would kill most Biden-era incentives, but there’s a sticking point: G.O.P. districts have the most to lose. |
Farmers Sued Over Deleted Climate Data. So the Government Will Put It Back. |
The Agriculture Department pledged to restore online climate information that farmers said helped them do business, but which officials had deleted. |
Energy Department to Repeal Efficiency Rules for Appliances |
Experts say the moves, which would apply to household appliances, will raise energy costs for consumers. |
Robert Shapiro, Who Made NutraSweet a Household Name, Dies at 86 |
His promotion of the sugar substitute was a success. But later, as head of Monsanto, he faced blowback after the company rushed into genetically altered products. |
There Is No ‘Energy Emergency,’ a New Lawsuit Claims |
In the suit, 15 Democratic states called Trump’s declaration illegal and said federal agencies were rushing permits for fossil fuel projects under false pretenses. |
U.S. Government to Stop Tracking the Costs of Extreme Weather |
It would be harder for insurers and scientists to study wildfires, storms and other “billion dollar disasters,” which are growing more frequent as the planet warms. |
Sewage Sludge Fertilizer From Maryland? Virginians Say No Thanks. |
Maryland has restricted use of the toxic fertilizer. A plan to send more to Virginia has sparked fears of contaminated farms and fisheries. |
Trump Officials Ask Texas Court to End Protections for Lesser Prairie Chicken |
The lesser prairie chicken, known for the males’ quirky courtship dance, inhabits grasslands sought-after by farming and energy developers. |
States Sue Trump Administration Over Funding Freeze for EV Charging |
A lawsuit led by Washington, Colorado and California accuses the Trump administration of unlawfully withholding funds for new charging stations. |
Want to Be a Deep Sea Explorer? Don’t Worry, There’s Lots Left. |
Researchers collected more than 43,000 records of dives and assessed the photos and videos to determine how much of the bottom has been seen by humans. |
17 States Sue Over Trump’s Halting of Wind Power Projects |
The halt threatens jobs and holds back energy production at a time the president has claimed an “energy emergency,” state attorneys general said. |
Congress’s Fight Over Trump’s Agenda Runs Through Alaska |
Republicans in Congress are clashing over whether to repeal Biden-era clean energy tax credits that are a lifeline for some of their constituents. |
India Sees a Future Making Solar Panels for Itself, and Maybe the World |
Global wariness of Chinese solar and E.V. domination offers India an opening. The government is spending money to try to catch up, but it has a long way to go. |
Oil Prices Fall as OPEC Increases Supply Despite Fears of an Economic Slowdown |
U.S. oil prices fell to $57 a barrel after the OPEC Plus cartel said this weekend that it would pump more oil. |
New ‘Climate Superfund’ Laws Face Widening Legal Challenges |
The Trump administration sued to block two state laws designed to force oil companies to pay the costs of climate change. Several other states are joining the fight, too. |
Two Scientific Groups Say They’ll Keep Working on U.S. Climate Assessment |
The organizations said they would publish researchers’ work even after the Trump administration decision to dismiss all authors on the project. |
Exxon and Chevron Report Lower Profits While Girding for Tariffs |
President Trump’s trade policies have helped to push down oil prices while raising the costs of materials for oil and gas companies. |
What Australia’s Vote Means for Climate in a Major Coal Economy |
The leading candidates in Saturday’s national election have starkly different policies on energy and global warming. |