Rigzone.com: Latest News Headlines

• Ukraine Says It Targeted Yaroslavl Oil Refinery Again May 22, 2026
  Ukrainian forces used long-range drones against Russia's oil-processing and export facilities, in particular the Yaroslavl refinery on Thursday night, Zelenskyy said in a Telegram statement.
• Oil Swings on Iran Peace Hopes May 22, 2026
  Energy markets remain volatile as Iran negotiations and supply risks continue.
• USA Crude Oil Stocks Drop Almost 8MM Barrels WoW May 22, 2026
  Crude oil stocks, not including the SPR, stood at 445.0 million barrels on May 15, according to the EIA's latest weekly petroleum status report.
• UK to Close Oil Tax Loophole May 22, 2026
  Chancellor of the Exchequer Rachel Reeves said the UK is closing a tax loophole on oil and gas companies.