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Rigzone Recent News

1. China Buyers Shun Russian Oil amid Sanctions

   State-owned giants such as Sinopec and PetroChina canceled some Russian cargoes in the wake of US sanctions on Rosneft and Lukoil.

2. Iberdrola Raises Stake in Brazil's Neoenergia

   Banco do Brasil's pension fund sold its stake in Neoenergia to Iberdrola for around $2.22 billion.

3. Samsung to Build New Qatar Carbon Capture Project

   QatarEnergy awarded Samsung C&T the engineering, procurement and construction contract for a CCS project that will serve existing natural gas liquefaction facilities in Ras Laffan Industrial City.

4. Hungary Prepares Bill For Fuel Emergencies

   Hungary has drafted legislation on steps to be taken in case of a fuel-supply emergency.

5. Lukoil to Sell Assets to Gunvor Amid Sanctions

   Russian oil producer Lukoil PJSC has agreed to sell its international assets to energy trader Gunvor Group.

6. Oil Steadies Ahead of OPEC+ Talks

   Oil prices ended the week steady as traders anticipated another modest OPEC+ output increase.

7. Trump Says Canada Trade Talks Won't Resume, Contradicting Energy Sec

   U.S. President Donald Trump suggested that trade talks between the U.S. and Canada won't restart.

8. Exxon and Chevron Top Estimates With Oil Output Increases

   Exxon Mobil Corp. and Chevron Corp. outperformed Wall Street expectations.

9. BMI Lowers Global Diesel Price Forecast

   'Global supply continues to outpace demand across key regions, exerting downward pressure on prices', BMI analysts said.

10. Why Is the USA Natural Gas Price Rising Today?

    Rigzone talks to Phil Flynn, a senior market analyst at the PRICE Futures Group, and Art Hogan, Chief Market Strategist at B. Riley Wealth.