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Rigzone Industry News

1. Texas Gas Drillers Shut Out of Oil Price Rally Shut Off Wells

   Two extremes are currently playing out in the Permian Basin.

2. Oil Climbs as Israel, Iran Pause

   Oil price rise was stunted as Israel and Iran signaled they may avoid further escalation.

3. Alaska Oil, Gas Lease Auction Draws Just 2 Bidders

   Only two bidders participated in the Trump administration's auction for drilling leases in Alaska's Arctic National Wildlife Refuge.

4. Oil Rebounds on Fresh Middle East Supply Risk Pricing

   Zaye Capital Markets sees today's oil price move 'as a geopolitical premium rather than a clean demand rally'.

5. UK Sees Risk of $100 Oil Until 2028

   The UK government has revised its internal oil price forecasts upwards.