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Rigzone Industry News

1. While Oil Patch Bleeds, Gas Drillers Race to Unleash Wells

   Oil prices have been lousy for so long that US producers are hoarding unfinished wells rather than pumping crude out of them.

2. Oil Rises 1% After Saudi Vows To Cap Crude Exports Next Month

   Oil rose more than 1%, after leading OPEC producer Saudi Arabia pledged to cut exports.

3. EU Divided On How To Answer New US Sanctions Against Russia

   Northern EU states in particular have sought to shield the supplies of Russian gas that they rely on.

4. Report: 2Q Sees Lowest Number of M&A Deals in Years

   Mergers and acquisitions deals have waned over the quarters, a new report from Mergermarket shows.

5. Barclays Oil Exit Sees Huge Numbers of Exotic Options Traded

   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.