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Oil rallied to the highest in nearly two years in New York.
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The U.S. rotary rig count increased by one this week.
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Here is a recap oil and gas market hits and misses for the week ending March 5, 2021.
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Here are some of Rigzone's top upstream stories during the last week, just in case you missed them...
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Saudi Arabia just made a high-stakes wager against "drill, baby, drill."
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The havoc that the pandemic is wreaking in Brazil and Mexico is cooling demand for gasoline and diesel in two top markets for U.S. oil refiners.
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Major oil sands producers in Western Canada will idle almost half a million barrels a day of production next month, helping tighten global supplies as oil prices surge.
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Oil moved above $65 a barrel after OPEC+ chose not to relax supply curbs even as the global economy pulls out of its pandemic-driven slump.
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Schlumberger New Energy, Chevron Corporation, Microsoft, and Clean Energy Systems have announced plans to develop a bioenergy with carbon capture and sequestration project.
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According to a new Rystad Energy report, offshore project commitments are expected to not only recover going forward but their number is also set to reach a new record in the five-year period towards 2025.
