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Rigzone Industry News

1. Oil Markets Gazing Towards Next OPEC+ Meeting

   Oil markets are increasingly gazing towards the OPEC+ meeting in June, SEB's Chief Commodities Analyst said.

2. Petrofac Announces Temporary Share Suspension

   'Trading in the company's shares will be temporarily suspended from 7.30 am on May 1, 2024'.

3. Oil Falls as Geopolitical Risk Premium Decreases

   Oil fell as signs of progress toward a cease-fire between Israel and Hamas reduced crude's geopolitical risk premium.

4. North America Posts Fresh Rig Losses

   North America lost 15 rigs week on week, according to Baker Hughes.

5. Standard Chartered Looks at Geopolitical Risk in Oil

   'After jumping at geopolitical shadows and overreacting in 2022, the market has been more stoic in 2024 so far', Standard Chartered said.