Rigzone.com: Latest News Headlines

• Oil Teeters as Tariffs and Output Risks Unbalance Market July 10, 2025
  Oil prices fell as OPEC+ considers pausing output hikes amid trade war risks.
• EnergyX Expands Acreage in Smackover Lithium Region July 10, 2025
  'With 50,000 acres positioned adjacent to Exxon, Chevron, and Standard Lithium in the Smackover, the race is on to see who will be the first to produce commercial battery-grade lithium'.
• Chevron Shifts from Local to Centralized Hubs to Cut Costs July 10, 2025
  Chevron is reducing local and regional business units in favor of a more centralized model to improve performance and cut as much as $3 billion of costs by 2026.
• Mideast Oil Giants Say Market Needed OPEC+ Supply Surprise July 10, 2025
  'You can see that even with the increase in several months, we haven't seen a major buildup in the inventories, which means the market needed those barrels'.