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US Oil, Gas Drillers Take the Foot Off the Gas As Prices Climb

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US Oil, Gas Drillers Slow Operations Amid Rising Prices

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Crude Oil Market Tightens as Production Stalls and Rigs Lag

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US Rig Count Rises For First Time in Three Weeks

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Australia and Japan face jet fuel supply crunch as China cuts exports

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US Drillers Pull Back As WTI Soars Past $98

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US Drillers Add Oil Rigs For Second Week In A Row As Prices Soar

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US Drillers Add Oil, Gas Rigs As Brent Tops $100 For First Time in Years

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Call to shift from gas to electricity and renewable energy

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US Drillers Add Oil Rigs as WTI Jumps 14%

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Oil and fuel shipments through the Strait of Hormuz have been suspended.

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Oil breaks out

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All Press Releases

Limited frack supply could hamper U.S. crude oil output

DENVER, July 27 (Reuters) - Demand for hydraulic fracturing equipment is quickly outpacing supply, executives said this week, setting the stage for a new obstacle to U.S. oil and gas production growth.

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U.S. Oil Rig Count Unchanged As WTI Slumps Below $100

The number of total active drilling rigs in the United States rose by 3 this week, according to new data from Baker Hughes published on Friday, interrupting a three-week decline.

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U.S. Rig Count Rises Despite Chaotic Week In Oil Markets

The number of total active drilling rigs in the United States rose by 4 this week, according to new data from Baker Hughes published on Friday.

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U.S. Rig Count Rises Despite Chaotic Week In Oil Markets

The number of total active drilling rigs in the United States rose by 4 this week, according to new data from Baker Hughes published on Friday.

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Rig Count Climbs As Oil Prices Bounce Back

The number of total active drilling rigs in the United States rose by 4 this week, according to new data from Baker Hughes published on Friday.

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Rig Count Climbs As Oil Prices Bounce Back

The number of total active drilling rigs in the United States rose by 4 this week, according to new data from Baker Hughes published on Friday.

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U.S. Rig Count Slips

The number of total active drilling rigs in the United States rose by 4 this week, according to new data from Baker Hughes published on Friday.

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Report: Oil Producers Try ‘Re-Fracs’ to Get More Product out of Established Wells

This strategy will allow producers to use the high cost of crude to support operations without making major investments in new wells and refineries while weighing future uncertainties, Reuters reported.

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U.S. Oil Rig Count Jumps As Crude Holds At $120

The number of total active drilling rigs in the United States rose by 4 this week, according to new data from Baker Hughes published on Friday.

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U.S. March Oil Production Recovers

All of the oil (C + C) production data for the US state charts comes from the EIA's Petroleum Supply monthly PSM.

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How The EU Plan To Ban Russian Oil Could Cause Stagflation

The war in Ukraine has highlighted the depth of global connectivity and interdependence, exposed the energy security of Europe, and put the post-Pandemic economic recovery in doubt. However, one of its most important contributions has been to accelerate the post-Covid legacy that is rising inflation.

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Oil prices: the biggest tail-risk for Pakistan’s economy

As energy prices continue to increase and central banks around the world embark on a net tightening policy – (there were more than 60 increases in the last three months) – and there seems to be no end in sight to the war in Ukraine (affecting global food prices to which emerging markets and developing countries are most vulnerable too), Pakistan as a country faces a tail risk that no one is taking seriously.

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A shale booster shot: 'Re-fracs' rise as cheap way to lift U.S. oil output

June 27 (Reuters) - U.S. shale oil producers are returning to existing wells and giving them a second, high-pressure blast to lift output for a fraction of the cost of a finishing a new well.

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Permian Drillers Lead The Charge As Rig Count Climbs

The number of total active drilling rigs in the United States rose by 4 this week, according to new data from Baker Hughes published on Friday.

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U.S. Rig Count Continues To Rise As WTI Hits $110

The number of total active drilling rigs in the United States rose by 4 this week, according to new data from Baker Hughes published on Friday.

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U.S. Rig Count Ticks Higher As Oil Prices Head For Another Weekly Gain

The number of total active drilling rigs in the United States rose by 4 this week, according to new data from Baker Hughes published on Friday.

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The Rig Count Climbs As Markets Clamor For More Oil

The number of total active drilling rigs in the United States rose by 4 this week, according to new data from Baker Hughes published on Friday.

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Changes seen in hydrocarbon trade as countries compensate for Russian supply losses

Global oil and gas trade traffic has started to change with the West looking more to the Middle East and West Africa in a bid to reduce reliance on Russian supplies, and as Russia directsmore exports to Asia.

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Frac fleet shortage slows US shale growth

Shortfalls in hydraulic fracturing capacity, needed to bring new wells on stream, will hamper efforts to raise US shale oil output this year.

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Liberty CEO warns of tight U.S. frac market, will not add new fleets

DENVER- U.S. hydraulic fracturing firm Liberty Oilfield Services on Thursday warned that demand for fracking services will outpace availability, adding that it has no plans to build new frac fleets.

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Liberty Oilfield Services reports quarterly loss, sees tight frac market

Liberty said the U.S. hydraulic fracturing market is nearing full utilization as demand has increased but supply is limited due to labor shortages, supply chain constraints, and continued equipment attrition.

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Counting frac spreads gives clearer picture of activity

Every Friday a spotlight is shown on the nation’s drilling activity as oilfield services company Baker Hughes releases its weekly rig count.

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Replacing Druzhba p/line flows poses difficulties for EU’s Russian oil phase-out plan

The European Union (EU) could phase out 80% of Russian oil by the year-end and 100% by the end of 2023 with an orderly plan supported by further releases of strategic petroleum reserves (SPR) to fill the supply gap, according to energy experts.

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