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Rigzone Industry News

1. There Is a High Risk Being Short Energy, Analyst Warns

   There is a high risk being short energy and betting on any immediate political resolution in the Iran conflict, according to SEB Commodities Analyst Ole R. Hvalbye.

2. BP's New Leadership Suffers Shareholder Revolt

   BP Plc faced a shareholder backlash at its annual general meeting.

3. Crude Jumps as Hormuz Tensions Rise

   Oil prices rose sharply as escalating Iran conflict risks threatened flows through the Strait of Hormuz.

4. Hormuz 'Reopening Optimism' Is 'Sliding Fast', Analyst Warns

   'Reopening optimism' for the Strait of Hormuz is 'sliding fast', according to SEB Chief Commodities Analyst Bjarne Schieldrop.

5. UK Energy Sec Says North Sea Is an 'Important Resource'

   'I do not agree with those who say we should 'turn off the taps' overnight', UK Energy Secretary Ed Miliband said.