Baker Hughes Shows Mixed Rig Counts
The number of rotary rigs operating in the U.S. decreased over the past week but increased in Canada, Baker Hughes Co. reported Friday. The number of rotary rigs operating in Continue Reading
Texas Refiners Contend with Virus Rebound
Oil refineries aren’t being spared as Covid-19 sweeps through Texas, which is setting records for new infections and hospitalizations in the U.S. almost daily. The second-biggest U.S. refinery, Marathon Petroleum Continue Reading
This Is What It Looks Like When a Texas Oil Boom Busts
When an oil bust takes hold in West Texas, no one is spared: Drilling rigs collect dust, barber chairs sit empty, students drop out of school and lines swell at Continue Reading
Gazprom’s Hold On European Gas Market Slips
The record stockpile of natural gas in northwest Europe and Italy is eating into the regions’ thirst for Gazprom’s product, according to Reuters, and the Russian gas giant has lost Continue Reading
Most EU gas grids not allowed to carry hydrogen yet: regulators
Most EU natural gas grids are not set up yet to allow hydrogen to be injected, according to a survey of transmission system operators by 23 EU national regulators. Not Continue Reading
Europe’s driving rebound holds course but yet to catch year-ago levels
European driving activity continues to rebound from lockdown lows of April but road fuel demand may yet to have reached seasonal year-ago levels, according to the latest demand and mobility Continue Reading
Denmark yet to receive updated Nord Stream 2 work plan on completing gas link
Denmark has not yet received an updated plan from the developer of the Nord Stream 2 gas pipeline from Russia to Germany on the schedule for laying the remaining kilometers Continue Reading
Oil Heading for Weekly Drop With Virus Surge Clouding Outlook
Oil fell as the International Energy Agency said a jump in Covid-19 cases could derail the market recovery, while Libya signaled the potential restart of crude exports. Futures slipped below $39 Continue Reading
Oil declines as U.S. virus cases hit record, heading for weekly fall
Oil prices fell on Friday, adding to steep losses from the previous session, and were headed for weekly declines on worries that renewed lockdowns following a surge in coronavirus cases Continue Reading
Oil Prices Fall As US Layoffs Loom
Oil tumbled to the lowest level in more than a week as a resurgence in coronavirus cases and impending U.S. layoffs darken the economic outlook. Futures in New York slid Continue Reading