Rigzone.com: Latest News Headlines

• Oil Surges Above $110 on Iran Escalation April 2, 2026
  Oil prices surged above $110 as escalating US-Iran tensions raised fears of prolonged disruptions through the Strait of Hormuz.
• USA Crude Oil Stocks Rise More Than 5MM Barrels WoW April 2, 2026
  Crude oil stocks, not including the SPR, stood at 461.6 million barrels on March 27, according to the EIA's latest weekly petroleum status report.
• Oil Surges on Fears of Prolonged War April 2, 2026
  U.S. President Donald Trump is coming under increasing international pressure after he pledged in a primetime speech to continue the war on Iran, sparking further turmoil in energy markets.
• Baker Hughes, Naftogaz to Explore Energy Cooperation April 2, 2026
  'The memorandum facilitates joint work on the assessment and preparation of potential projects in exploration and production, oil and gas transportation and storage, refining, petrochemicals and power generation'.