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Rigzone Industry News

The latest oil and gas news from around the world.
  1. Saudi Arabia's warning to OPEC+ cheaters and short-sellers alike helped oil prices stage their biggest weekly rally since June.
  2. A hedge fund betting on the decline of fossil fuels has made a 25% gain this year after oil's historic crash sent energy stocks plummeting.
  3. The U.S. Department of Energy has announced the reestablishment of its Arctic Energy Office.
  4. Oil is poised for its biggest weekly advance since early June with Saudi Arabia ratcheting up the pressure on OPEC+ members to adhere to the group's production cuts amid signs demand is faltering.
  5. Oil posted its largest three-day advance since May.
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