Goldman Sachs predicts oil price to hit $100 on OPEC cuts
Oil supply cuts by Saudi Arabia and Russia could lead to Brent crude jumping as high as $107 a barrel in 2024, Goldman Sachs Commodities Research has said.
Fitch Assigns Patterson-UTI First-Time 'BBB-' Rating; Outlook Stable
Fitch Ratings - New York - 01 Sep 2023: Fitch Ratings has assigned a 'BBB-' first-time Long-Term Issuer Default Rating (IDR) to Patterson-UTI Energy, Inc. (PTEN).
Oil Prices Continue to Rise as Drilling Slows Down
The total number of active drilling rigs in the United States dropped by 5 this week, reaching a count of 659, according to new data from Baker Hughes.
ConocoPhillips misses on profit, hikes full-year output forecast
HOUSTON, Aug 3 (Reuters) - U.S. oil and gas producer ConocoPhillips (COP.N) slightly raised its full-year output expectations on Thursday, even as it posted a lower-than-expected quarterly profit.
The total number of total active drilling rigs in the United States fell by 5 this week, after a 6-rig increase last week, according to new data from Baker Hughes published Friday.
Saudi output cuts helping drive up global oil markets
HOUSTON, July 12 (Reuters) - Prices for sour crude oil have climbed globally this month after top exporter Saudi Arabia hiked prices and expanded production cuts of higher-sulfur oil in the first sign its efforts to prop up global prices is having an impact.
U.S. Drillers Add Gas Rigs As Oil Rig Count Slips Further
Editor OilPrice.com
Fri, July 7, 2023 at 7:12 PM GMT+3·2 min read
In this article:
BKR
+0.15%
Watchlist
Performance Outlookyahoo plus badge
2W-6W
6W-9M
9M+
The total number of total active drilling rigs in the United States rose by 6 this week, after falling by 8 last week, according to new data from Baker Hughes published Friday.
Since the surprise OPEC+ production cuts in April, analysts have made the mistake of assuming supply interventions are necessarily bullish despite their implications.
U.S. Oil And Gas Rig Counts Decline For Second Consecutive Month
The total number of total active drilling rigs in the United States fell by 8 this week, according to new data from Baker Hughes published Friday, falling by 74 rigs over the last two months.