U.S. Oil Rig Count Rises As Crude Prices Climb Higher
Baker Hughes reported on Friday that the number of oil and gas rigs in the United States rose this week, bringing the total rig count to 461 as U.S. drillers Continue Reading
Chesapeake Executives Depart in Driller’s Latest Shakeup
Chesapeake Energy Corp. said three executives are leaving, marking the latest shakeup of the senior ranks at the Oklahoma oil and gas producer since it emerged from bankruptcy four months Continue Reading
The Hedge-Fund Manager Who Did Battle With Exxon—and Won
Christopher James’s decision to do battle with one of the world’s biggest oil companies began with a family dinner in 2019. The hedge-fund manager’s school-aged sons asked him how he Continue Reading
Congress Gets Plea from Ukraine to Block Nord Stream 2
The head of Ukraine’s state-owned oil and gas company says allowing Nord Stream 2’s completion would hurt American credibility in Eastern Europe. (Bloomberg) — The head of the Ukraine’s state-owned Continue Reading
Canada exports less natural gas to US Pacific Northwest despite lower hydro, nuclear
Despite lower hydroelectric output and a nuclear plant outage in the US Pacific Northwest, the region is importing less gas from Canada summer over summer even as Alberta production grows Continue Reading
eVTOL company Vertical Aerospace logs up to 1,000 pre-orders valued at up to $4B
Vertical Aerospace, developer of the VA-X4 eVTOL aircraft ( earlier post ), announced investments from American Airlines, Avolon, Honeywell and Rolls-Royce, who have invested in the PIPE and are part Continue Reading
‘Freedom Day’ for England Is Looking Like a Mirage
The news media call it “freedom day,” the fast approaching moment when England’s remaining coronavirus restrictions are scheduled to be cast off at last, allowing pubs to fill to capacity, Continue Reading
Crude oil futures dip in Asia after settling at fresh highs
Crude oil futures slipped during mid-morning trade in Asia on June 11 after settling at fresh highs as the OPEC Monthly Report for June reinforced a positive demand outlook for Continue Reading
Oil demand to surpass pre-Covid levels by end of 2022, says IEA
Oil demand is expected to exceed pre-coronavirus levels by the end of 2022, the International Energy Agency said on Friday. Consumption declined by a record 8.6m barrels a day last year Continue Reading
Oil dips, but heads for third weekly rise on demand recovery
Oil prices slipped on Friday but were set for their third weekly rise on expectations of a recovery in fuel demand in Europe, China and the United States as rising Continue Reading