Wednesday, March 12, 2025
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European Strikes Could Affect Entire Oil & Gas Supply Chain

Oil refinery strikers take their toll on French gas stations ahead of the European Soccer Championship A bill passed by French President Francois Hollande’s government that would make hiring and firing easier in France has met with strikes from French union CGT, whose members include oil refinery workers. Six of the eight major refineries in France are either completely shut

OPEC

OPEC May Bring Back a Production Cap, Oil Up and Down around $49

Saudi Arabia may use a production cap to mend bridges with other OPEC members Oil prices rebounded off of intraday lows today on news that OPEC may pursue a production cap in its meeting Thursday. OPEC did away with its official production ceiling in December of last year, a move many saw as the final nail in the cartel’s coffin.

Raging River Exploration Announces Corporate Acquisition of Rock Energy

ALGARY, ALBERTA–(Marketwired – May 31, 2016) – Raging River Exploration Inc. (“Raging River” or the “Company“) (TSX:RRX) and Rock Energy Inc. (“Rock“) (TSX:RE) are pleased to announce that they have entered into an agreement (the “Arrangement Agreement“) providing for the acquisition by Raging River of all the issued and outstanding Rock common shares (the “Rock Shares“) pursuant to a plan