A shiny graph, or perhaps a PowerPoint slide from Paris. Last week, we talked a good bit about the IEA’s oil illusion that has been putting pressure on oil markets.
The total rig count in the US fell by 2 rigs for the second week in a row, landing at 540, according to Baker Hughes, down 46 from this same time last year.
The U.S. Oil Shale Industry Is Doing More With Less
Despite facing challenges such as fluctuating oil prices and environmental regulations, the U.S. oil shale industry continues to increase production efficiency. By leveraging advanced technologies and optimizing operations, companies are extracting more resources while minimizing costs and environmental impact.
Oil, Gas Rigs Still Near 3-Year Low Despite Weekly Bump
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.
From gold’s resurgence to the entropy of crypto markets, this edition of Macro Moves dives deep into data breakthroughs and blind spots shaping our economic and financial reality.
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 as operators continue to scale back.
Shale Stumbles Again as U.S. Rig Count Drops Further
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 as operators continue to scale back activity amid weak prices and cautious capital spending.
Oil slips under $70 as OPEC+ output grows and U.S.-EU tariffs weigh
Oil prices fell below the key $70 per barrel mark last week as increased output from OPEC+ eased supply concerns, while renewed U.S. tariff threats under President Donald Trump weighed on global demand expectations.
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, following a string of losses for US drillers.
US Oil Drillers Continue to Back Off On Price Slump
The total number of active drilling rigs for oil and gas in the United States fell yet again this week, according to new data that Baker Hughes published on Thursday, following a 7-rig decrease in the week prior.
US Oil Drilling Activity Slumps As Volatile Prices Spook Markets
The total number of active drilling rigs for oil and gas in the United States fell yet again this week, according to new data that Baker Hughes published on Friday, following a 1-rig decrease in the week prior.
US Rig Continues to Sag amid Rising U.S. Crude Production
The total number of active drilling rigs for oil and gas in the United States fell yet again this week, according to new data that Baker Hughes published on Friday, following a 4-rig decrease in each of the two weeks prior.
US Oil Drillers Continue to Back Off On Extended Price Slump
he total number of active drilling rigs for oil and gas in the United States fell yet again this week, according to new data that Baker Hughes published on Friday, following a 4-rig decrease last week, and a 3-rig decrease the week before that.
U.S. Crude Production Set For A Decline Amid Low Oil Prices
Earlier in the year, U.S. Treasury Secretary Scott Bessent unveiled his ambitious“3-3-3” plan wherein the Trump administration will target real GDP growth of 3% per year.
The total number of active drilling rigs for oil and gas in the United States fell yet again this week, according to new data that Baker Hughes published on Friday, following a 3-rig decrease last week, and a 10-rig decrease the week before that.
Wyoming's Oil Industry Showing Moderate Growth, According To Latest Projections
Oil from shale extracted from Wyoming’s Powder River Basin and Mowry formations still breaks even around $60 a barrel, according to new insights from an energy market research firm.
Oil drillers in the U.S. shale heartland are slowing down operations, a sign that OPEC’s highstakes price war is starting to pay off, but Saudi Arabia will need to exert a lot more pain to make a lasting impact on market share.
US Oil Drillers Continue to Pull Back As Prices Bite
The total number of active drilling rigs for oil and gas in the United States fell yet again this week, according to new data that Baker Hughes published on Friday, following a 10-rig decrease last week, and a 6-rig decrease the week before that.
OPEC must squeeze US shale much more to win oil price war
The rising tide of U.S. oil has long irked the Organization of the Petroleum Exporting Countries, which has seen its market share steadily erode over the past two decades.