Oil Plummets as Physical Market Shows Copious Supplies
Oil fell below $70 as the physical market for crude signaled that supplies are more than adequate to meet tepid demand.
TotalEnergies Receives 20-Year License Renewal for Nigerian Block
The license extension follows the settlement of a payment row with partners.
Fossil Fuel Supply Spending to Rise Six Percent in 2023: IEA
Fossil fuel supply investments are set to rise to around $950 billion for 2023.
Top Headlines: What Will World Oil Demand Be in 2023?
Check out some of Rigzone's top stories during the last week.
Oil Futures Settle on Second Weekly Gain
Improving hopes for a USA debt limit deal bolstered prices on the week.
Household Energy Prices Stagnate in Urban South Africa
But the central bank raised its interest rate to a record to hold down stubbornly high overall consumer inflation.
Oil Extends Rally Led by Saudi Warning
Oil rose for a third day as a bullish US stockpile report propelled a rally led by Saudi Arabia's warning to short sellers.
Qatar Warns Europe of Gas Shortages
Qatar warned that governments' energy-transition policies will discourage investment in fossil fuels.
Oil Up Slightly Ahead of Debt Ceiling Talks
Oil markets were little changed with traders avoiding decisive action as US lawmakers prepped for final negotiations on the debt ceiling.
Nigeria Eyes Over $50B Oil Projects in Five Years
Nigeria targets more than $50 billion worth of oil development projects in the next five years.