U.S. Oil Rig Count Unchanged in Latest Week
The oil-field services company said… The U.S. oil-rig count was unchanged at 318 in the latest reporting week, according to oil-field services company Baker Hughes Inc., BHI 0.20 % as Continue Reading
U.S. Oil Rig Count Holds Fast, Breaks 8-Week Freefall Streak
The total U.S. rig count (both oil and gas) fell again this week from 406 to 404. While the U.S. oil rig count held fast at 318 as reported by Continue Reading
Alberta’s Wildfires Couldn’t Have Come at a Worse Time for the Local Economy
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Alberta Wildfire Has Stopped Spreading, Officials Say
Firefighting efforts and favorable weather conditions on Friday stopped the growth of forest fires in northern Alberta that have prompted evacuations and disrupted crude-oil production, provincial officials said. The size Continue Reading
Evacuated Oil-Sands Sites Await Better Air Quality for Return
Alberta officials are counting on cool, humid weather in the coming days to help them better contain a raging wildfire in the heart of Canada’s energy industry and allow them Continue Reading
Norway oil production 3 percent higher than expected
As oil prices rise on market balance sentiment, the Norwegian government said oil production in April was 3 percent higher than expected. The Norwegian Petroleum Directorate published preliminary production figures Continue Reading
Oil prices rise as turmoil in Nigeria adds to global supply disruptions
Oil prices rose in early trading on Friday as turmoil in Nigeria, shale bankruptcies in the United States and crisis in Venezuela all contributed to tightening supplies. Despite this, brimming Continue Reading
Oil Prices Take A Step Back As Dollar Appreciates
As the fear of a potentially hugely huge 0.25 percent U.S. interest rate hike in June reverberates around the world, a firming US dollar has greased the wheels for an Continue Reading
Natural Gas Rises After Unexpectedly Small Storage Addition
Natural-gas prices inched up Thursday after government data showed a smaller-than-expected addition to stockpiles. The U.S. Energy Information Administration said stockpiles grew by 73 billion cubic feet last week, compared Continue Reading
Oil Hit by Stronger Dollar, Increase in U.S. Crude Stocks
Oil prices are drifting lower Thursday on a stronger dollar and an unexpected increase in U.S. crude inventories. The fall comes after a rally in recent sessions fueled by production Continue Reading