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Rigzone Industry News

1. Mitsui OSK to Sell Older Oil Tankers as Prices Surge

   Japan's Mitsui OSK Lines Ltd. is planning to sell a few of its older oil tankers to take advantage of a surge in vessel prices.

2. Oil Falls as Supply Fears Ease

   Oil fell for a third session as easing Saudi supply concerns outweighed lingering risks around the Strait of Hormuz.

3. House Passes Bill Allowing New Tariffs on Russia Oil Buyers

   Congress gave final approval to a bill to give President Donald Trump new powers to impose tariffs on countries that purchase Russian petroleum products.

4. Oil Falls as Mideast Flows Improve

   Crude fell as Saudi pipeline flows improved while uncertainty over Iran and Hormuz persisted.

5. Schlumberger Heirs to Auction Never-Exhibited Monet

   Schlumberger heirs are set to auction a rare Claude Monet masterpiece at Sotheby's in Paris next month.