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Rigzone Industry News

1. Rainfall to Alleviate Wildfire That Blazed Canada Rockies

   Rainfall is expected to bring some relief to a fast-moving wildfire that ripped through the Rocky Mountain resort town of Jasper.

2. Oil Posts Biggest Weekly Drop Since Early May

   Oil dipped as algorithmic traders took advantage of market uncertainty, while traders weighed Chinese demand against falling US stockpiles.

3. Henry Hub Prices Crash Back Toward $2

   Henry Hub natural gas prices have crashed back toward $2 on storage concerns, BofA analysts noted in a BofA Global Research report sent to Rigzone.

4. Republican States Ask US Supreme Court to Save Fossil Fuel Power Plants

   Twenty-five Republican attorneys-general lodged a joint plea before the Supreme Court for an emergency stay of new power emission rules that they fear may shut down generation plants running on fossil fuels.

5. Wall Street Says a Trump Presidency Could Send Oil Prices Lower

   A U.S. election victory for former president Donald Trump could send oil prices lower, according to some prominent Wall Street banks.