US Oil, Gas Drillers Take the Foot Off the Gas As Prices Climb
The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Thursday, bringing the total rig count in the US to 545, down 38 from this same time last year.
Crude Oil Market Tightens as Production Stalls and Rigs Lag
he total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Thursday, bringing the total rig count in the US to 548, down 42 from this same time last year.
The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Thursday, bringing the total rig count in the US to 548, down 42 from this same time last year.
Australia and Japan face jet fuel supply crunch as China cuts exports
China’s exports of jet fuel have declined sharply in recent weeks amid the US-Israel war on Iran, leaving countries including Australia and Japan facing a supply crunch and scrambling to find alternative sellers.
The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 543, down 49 from this same time last year.
US Drillers Add Oil Rigs For Second Week In A Row As Prices Soar
The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 552 this week, down 41 from this same time last year.
US Drillers Add Oil, Gas Rigs As Brent Tops $100 For First Time in Years
The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 553 this week, down 39 from this same time last year.
Call to shift from gas to electricity and renewable energy
Islamabad:Syed Mohammed Osama Rizvi, Global Market and Product Strategist at Primary Vision, said the country’s refining configuration is misaligned with demand.
The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 551 this week, down 41 from this same time last year.
Oil and fuel shipments through the Strait of Hormuz have been suspended.
Following Israel's attack on Iran, oil shipments in the Strait of Hormuz have been suspended, and experts expect a short-term increase of 10% in oil prices. It is noted that if the strait is closed, the price of oil per barrel could rise to $150, leading to significant pressure on the global economy.
Crude oil has broken out to a new six month high at $66.96. June 23, 2025, saw the last high at $68.21. Crude is only $1.30 from setting a new annual high.
The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 550 this week, down 43 from this same time last year.
US Oil and Gas Industry Faces Challenges Amid Record Production
In his recent State of the Union address, President Trump highlighted the nation's robust energy sector, crediting his "Drill, baby, drill" approach for boosting hydrocarbon output and keeping fuel prices low.
Slowing U.S. shale growth has fracking companies finding new markets abroad
United States fracking companies are increasingly sending their idle equipment overseas, finding new markets abroad as growth slows in the shale fields of Texas, New Mexico and elsewhere.
Slowing USA Shale Growth Has Fracking Companies Finding New Markets
US fracking companies are increasingly sending their idle equipment overseas, finding new markets abroad as growth slows in the shale fields of Texas, New Mexico and elsewhere.
Slowing US Shale Growth Has Fracking Companies Finding New Markets Abroad
US fracking companies are increasingly sending their idle equipment overseas, finding new markets abroad as growth slows in the shale fields of Texas, New Mexico and elsewhere.
The total number of active drilling rigs for oil and gas in the United States stayed the same this week, according to new data that Baker Hughes published on Friday, keeping the total rig count in the US at 551 this week, down 41 from this same time last year.
U.S. Rig Count Holds Steady as Oil Drilling Slips and Gas Activity Climbs
The total number of active drilling rigs for oil and gas in the United States stayed the same this week, according to new data that Baker Hughes published on Friday, keeping the total rig count in the US at 551 this week, down 37 from this same time last year.
US Oil Drillers Add Rigs Even in Price Uncertainty
The total number of active drilling rigs for oil and gas in the United States rose by 5 this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 551 this week, down 35 from this same time last year.
The total number of active drilling rigs for oil and gas in the United States rose by 2 this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 546 this week, down 36 from this same time last year.
Morningstar sees resilient North American oil and gas in 2026
“Given the current Brent and West Texas Intermediate prices of $66 a barrel and $61 a barrel, respectively, and a cautious outlook, the Organization of Petroleum Exporting Countries and allied nations have paused unwinding supply cuts through March and, second, many non-OPEC producers, such as U.S. shale oil, are deferring development, which could eventually help improve the global balance between crude oil supply and supporting prices,” said Andrew O’Conor, senior vice president for energy and natural resources ratings at Morningstar, told the Reporter-Telegram.
U.S. Oil Drillers Add One Rig as Winter Weather Sets In
The total number of active drilling rigs for oil and gas in the United States rose by 1 this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 544 this week, down 32 from this same time last year.