U.S. drillers this week added oil rigs for a seventh consecutive week, the longest recovery streak in the rig count in over two years, even as analysts revise down rig Continue Reading
Rigs targeting crude in Permian up by 12 to 189: Baker Hughes U.S. explorers add oil rigs for seventh week in a row U.S. oil producers added rigs for the Continue Reading
Some of the oil reservoirs in the United States may be more resistant to the pressure from weak market conditions than some had expected, a federal report finds. File photo Continue Reading
North Dakota’s oil production fell about 20,400 b/d month on month in June to 1.026 million b/d, and output is expected to fall below 1 million b/d “pretty soon,” likely Continue Reading
A gas flare on an oil production platform is seen alongside an Iranian flag in the Gulf July 25, 2005. Poland is replacing Russian oil with Iranian oil and unsold Continue Reading
Oil prices ticked higher on Friday after Saudi Arabia said it would work with other oil producers to stabilize prices, a comment interpreted by some to mean the world’s biggest Continue Reading
Oil prices were largely unchanged on Friday, remaining near the previous day’s highs, on the prospect of talks by exporters about ways to prop up a market grappling with a Continue Reading
The International Energy Agency said Thursday it foresaw a “sustained tightening” in crude markets and a reduction in global product stocks, despite recent price weakness. In its monthly oil market Continue Reading
he Kingdom is struggling with weak GDP growth, higher fees and taxes, and an economy that is unable to pay the dues to its workers, leaving thousands of workers from Continue Reading
Saudi Arabia raised its oil production to a record last month while much of the kingdom sweltered in record temperatures that have also hit neighboring countries across the Middle East. Continue Reading
