![](https://spooltech.com/wp-content/uploads/2023/01/Will-Oil-Hit-100-Per-Barrel-in-2023-171713-582x327-99nH8d.png)
News
- Home
- News
Spooltech News
Industry Trends
![](https://spooltech.com/wp-content/uploads/2023/01/Will-Oil-Hit-100-Per-Barrel-in-2023-171713-582x327-99nH8d.png)
![](https://spooltech.com/wp-content/uploads/2023/01/rz-logo-1200-QMULe8.jpeg)
Oil Rally Continues as US Inflation Cools
Growing confidence in China’s recovery and mounting evidence of cooling US inflation buoyed crude prices for a sixth day.
![](https://spooltech.com/wp-content/uploads/2023/01/Gasoline-and-Diesel-Prices-Expected-to-Fall-171710-582x327-tUli5e.png)
Gasoline and Diesel Prices Expected to Fall
Gasoline and diesel prices will fall in 2023 and 2024, according to the EIA.
![](https://spooltech.com/wp-content/uploads/2023/01/TechnipFMC-Wins-Dvalin-North-Subsea-Deal-From-Wintershall-Dea-171707-582x327-yCx8l8.png)
TechnipFMC Wins Dvalin North Subsea Deal From Wintershall Dea
TechnipFMC has been awarded a significant EPCI contract by oil and gas company Wintershall Dea for its Dvalin North project.
![](https://spooltech.com/wp-content/uploads/2023/01/Public-Shale-Drillers-Best-Private-Rivals-in-Race-to-Deploy-Rigs-171699-582x327-mmRDD9.png)
Public Shale Drillers Best Private Rivals in Race to Deploy Rigs
Publicly traded oil explorers have taken the lead in expanding shale drilling.
![](https://spooltech.com/wp-content/uploads/2023/01/Five-Major-Energy-And-Resources-Trends-To-Look-Out-For-In-2023-171700-582x327-KLhit8.png)
Five Major Energy And Resources Trends To Look Out For In 2023
The year ahead carries many trends that should be closely watched and Wood Mackenzie has listed the 5 most important ones for energy and natural resources.
![](https://spooltech.com/wp-content/uploads/2023/01/Analysts-Flag-Short-Term-Oil-Price-Upside-171697-582x327-XCMP11.png)
Analysts Flag Short Term Oil Price Upside
There is now short-term upside of $5-10 per barrel in the oil price.
![](https://spooltech.com/wp-content/uploads/2023/01/US-Oilfield-Services-Jobs-Top-650000-Nearing-PrePandemic-Levels-171673-582x327-cmWjK8.png)
US Oilfield Services Jobs Top 650,000, Nearing Pre-Pandemic Levels
Employment in the U.S. oilfield services and equipment sector rose by an estimated 4,677 jobs to 650,587 in December, according to the Bureau of Labor Statistics.
![](https://spooltech.com/wp-content/uploads/2023/01/rz-logo-1200-tltrsg.jpeg)
Oil Edges Up Amid Broader Risk On Sentiment
Oil crept higher as broader risk-on sentiment helped traders overlook fears of tighter monetary policy from the Federal Reserve.
![](https://spooltech.com/wp-content/uploads/2023/01/Neptune-Brings-Online-Romerberg-6-Well-In-Germany-171670-582x327-lnpH6W.png)
Neptune Brings Online Romerberg 6 Well In Germany
Neptune Energy has started producing oil at its Romerberg 6 well in Speyer, southwestern Germany.
-
Henry Hub Prices Crash Back Toward $2
Henry Hub natural gas prices have crashed back toward $2 on storage concerns, BofA analysts noted in a BofA Global Research report sent to Rigzone.
-
Republican States Ask US Supreme Court to Save Fossil Fuel Power Plants
Twenty-five Republican attorneys-general lodged a joint plea before the Supreme Court for an emergency stay of new power emission rules that they fear may shut down generation plants running on fossil fuels.
-
Petronas, Eni, Japanese Biotech Firm to Build Biorefinery in Malaysia
The biorefinery will have the capability to produce sustainable aviation fuel (SAF) and other biofuels such as renewable diesel / hydrogenated vegetable oil (HVO).
-
Wall Street Says a Trump Presidency Could Send Oil Prices Lower
A U.S. election victory for former president Donald Trump could send oil prices lower, according to some prominent Wall Street banks.
-
Shell Makes FID on Hydrogen Electrolyzer in Germany
Using renewable electricity, REFHYNE II is expected to produce up to 44,000 kilograms per day of renewable hydrogen to partially decarbonize site operations.