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Rigzone Industry News

The latest oil and gas news from around the world.
  1. How exactly is the trade war between the United States and China affecting the global oil industry?
  2. President Donald Trump questioned U.S. protections of oil-shipping routes in the Strait of Hormuz.
  3. Oil price risks remain skewed to the downside but increasing tension in the Middle East could change that outlook quickly, according to Jefferies.
  4. Crude kept rising following its biggest weekly gain since late 2016 after President Donald Trump said he would impose 'major additional sanctions' on Iran.
  5. Both major crude oil contracts have posted healthy week-on-week gains.