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Rigzone Industry News

1. WTI Flat as EU Targets Russian Refined Fuels

   Oil ended flat as EU sanctions on Russian crude and refined fuels stirred uncertainty in the diesel market.

2. SLB Sees 'Constructive' Second Half of 2025

   SLB, the world's largest oil-services provider, sees resiliency in the industry and remains constructive about the second half of 2025.

3. FTC Retracts Ban vs Hess, Pioneer Leaders

   Hess chief executive John Hess and Pioneer founder and former chief executive Scott Sheffield are no longer barred from holding board or advisory positions at the enlarged Chevron and ExxonMobil respectively.

4. Oil Rises on Tight Supply Signals

   Oil rebounded on tighter supply signals and upbeat U.S. demand data.

5. Iraq Agrees on Oil Plan With Kurds

   Iraq approved a plan for its semi-autonomous Kurdish region to transfer oil to Baghdad.