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Pacific National Capital 's Daily Oil & Gas News

Oil Leaps on Potential Global Output Cuts
Oil posted a record weekly jump on hopes that global producers will decide to make historic output cuts next week.

Trump Phone Call Reports Surprise Oil Experts
Find out what Rigzone panelists view as the top oil market hits and misses for the week ending April 3, 2020.

Saudis Have Pricing Problem as Oil War Hits Month Two
Saudi Aramco will need to price its crude at aggressively low levels this month to keep its customers satisfied.

Billions in Oil Royalty Payments at Stake as Trump Mulls Relief
The teleconference with independent refiners and oil producers will follow a separate meeting between President Trump and oil industry execs at the White House.

The Natural Gas Surplus Goes Offshore
LNG traders are storing huge amounts of the commodity on tankers, hoping prices will rise before the ships dock.

OPEC+ Urges Global Cut to Stem Rout
Oil climbed on the prospect that an idea first touted by President Donald Trump on Thursday looked to be gaining some traction.

Oil Surges as OPEC+ Prepares for Monday Meeting
Oil advanced as OPEC+ scheduled an urgent meeting next week after a historic slump in prices that has crippled the energy sector.

Shale Can Shock the World Again
Here are some of Rigzone's top stories during the last week, just in case you missed them...

Wood Significantly Adjusts Cost Base
Wood announced Thursday that it is taking action to 'significantly' adjust its cost base in anticipation of a reduction in activity levels.

Apache Makes Significant Oil Find
Apache Corporation announced a 'significant' oil discovery offshore Suriname.





















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