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Rigzone Industry News

The latest oil and gas news from around the world.
  1. The U.S. Bureau of Safety and Environmental Enforcement has revealed that its BSEE!Safe text notification service now has over 5,300 subscribers.
  2. Oil extended losses below $50 a barrel after plummeting more than six percent over the previous two sessions on fears the fast-spreading coronavirus will take a major toll on global economic growth.
  3. The slump in prices comes as the OPEC and allied producers prepare to meet in Vienna next week.
  4. OPEC hasn't made a decision yet on whether to extend or modify its agreement to cut oil output.
  5. Oil recovered some of its losses following the biggest drop in almost seven weeks as investors attempted to gauge the economic impact of the fast-spreading coronavirus and the potential response from producers.
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