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Rigzone.com: Latest News Headlines
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
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.