Rigzone.com: Latest News Headlines

• Petrofac's 7,300 Jobs at Risk October 27, 2025
  UK energy services provider Petrofac Ltd has applied to enter administration.
• EIA Shows Production Has Outweighed Demand All Year October 27, 2025
  In its latest short term energy outlook, the EIA showed that world petroleum and other liquid fuels production outweighed consumption in the first, second, and third quarters of 2025.
• IEA Boss Says Oil Glut Will 'Moderate' Prices After Recent Gains October 27, 2025
  Oil prices are expected to 'moderate' because of ample supply, according to the IEA.
• Oil Glut Enabled Tougher Sanctions, JPM Says October 27, 2025
  'WTI prices falling into the $50s created an opportunity for the Trump administration to step up economic measures against Russia', J.P. Morgan analysts said.