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Rigzone Industry News

1. How Is the US-China Trade War Affecting Oil?

   How exactly is the trade war between the United States and China affecting the global oil industry?

2. Trump Questions US Defense of Oil Shipping Routes

   President Donald Trump questioned U.S. protections of oil-shipping routes in the Strait of Hormuz.

3. Oil Price Risks Skewed to Downside

   Oil price risks remain skewed to the downside but increasing tension in the Middle East could change that outlook quickly, according to Jefferies.

4. Oil Jumps as Gulf Tension Worsens

   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. Light Crude Up More Than 9 Percent for Week

   Both major crude oil contracts have posted healthy week-on-week gains.