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Rigzone Industry News

1. Why Is the WTI Oil Price Rising More than Brent Intraday?

   Why is the West Texas Intermediate oil price rising more than Brent today?

2. Oil Prices Hover Near Five-Month High

   Brent remained near $110 as technical resistance limited gains despite escalating geopolitical risks.

3. North America Breaks Rig Count Addition Streak, BH Shows

   North America dropped five rigs week on week, according to Baker Hughes' latest North America rotary rig count.

4. EIA Sees Smaller Oil Crunch in 2026

   The U.S. Energy Information Administration tightened its oil crunch prediction for 2026 in its latest short term energy outlook.

5. Venezuela Sees Nearly $76B Oil Investment Over 5 Years

   Venezuela expects almost $76 billion of investment in its oil and gas sector over the next five years, Acting President Delcy Rodriguez said Saturday.