Oil Prices Edge Downward
Oil futures edged lower after China reported new virus cases and the dollar rose, while physical crude prices in Asia weakened.
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Leaking Pipeline Underscores Libya Production Challenges
Libya’s oil output has dropped by about 200,000 barrels a day after the closure of a leaking pipeline
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ConocoPhillips Acquires Concho
Shareholders have approved ConocoPhillips' acquisition of Concho Resources. PHOTO SOURCE: ConocoPhillips
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Gas Challenges Prompt Hard Questions
Rigzone prognosticators highlight trends to watch this week in the oil and gas markets.
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Demand Grows for Russia Flagship Crude
Russia's flagship crude is rising in price in Europe in the wake of Saudi Arabia's surprise oil production cuts.
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Mozambique Army Gains Control in Gas-Rich Province
Mozambican President Filipe Nyusi has put the military in charge of combating a growing Islamic State-linked insurgency in the natural gas-rich Cabo Delgado province.
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Maersk Urges Better Military Response to West Africa Piracy
The Gulf of Guinea accounted for 95% of hostages taken in 22 separate instances in 2020.
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