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Rigzone Industry News

The latest upstream oil and gas news from around the world.
  1. Oil prices have been lousy for so long that US producers are hoarding unfinished wells rather than pumping crude out of them.
  2. Oil rose more than 1%, after leading OPEC producer Saudi Arabia pledged to cut exports.
  3. Northern EU states in particular have sought to shield the supplies of Russian gas that they rely on.
  4. Mergers and acquisitions deals have waned over the quarters, a new report from Mergermarket shows.
  5. Barclays sells the last part of its oil book to an unidentified buyer, triggering a surge in trading of exotic options written in the era of higher crude prices.