U.S. Drillers Add 10 Oil Rigs As Permian Takes The Lead
The number of total active drilling rigs in the United States rose by 13 this week, according to new data from Baker Hughes published on Friday. The total rig count Continue Reading
Dallas Fed: Surging Costs Hamper U.S. Shale Growth
The business activity index in the energy firms operating in Texas, northern Louisiana, and southern New Mexico jumped in the second quarter to the highest level in six years, but Continue Reading
API Reports Biggest Crude Oil Inventory Rise Since February
The American Petroleum Institute (API) reported a build this week for crude oil of 5.607 million barrels, while analysts predicted a draw of 1.433 million barrels. It is the first Continue Reading
Energy Investments Aren’t Enough to Bring Down Prices, IEA Says
Investments in global energy supplies will jump this year, led by an expansion in no-emission or low-emission capacity but the spending won’t be sufficient to tame soaring energy prices, or Continue Reading
ExxonMobil CEO says oil and gas markets may be tight for 3 to 5 more years
Highlights ExxonMobil wins part of Qatar LNG expansion Kuwait can increase oil output: KPC CEO Underinvestment causing high prices: Qatar’s Kaabi Oil and gas markets may be tight for another Continue Reading
Can The Global Gasoline And Diesel Crisis Be Solved?
Rystad Energy’s… Diesel and gasoline markets are witnessing crack spreads in the $50-$60 per barrel range due to inventory stocks across the world being at record lows. The global oil Continue Reading
U.S. drillers add oil and gas rigs for second week in a row, Baker Hughes says
U.S. energy firms this week added oil and natural gas rigs for a second week in a row as crude production returned to pre-pandemic levelsand President Joe Biden slammed oil Continue Reading
U.S. Drillers Add 7 Rigs Amid Oil Price Slide
The number of total active drilling rigs in the United States rose by 7 this week, according to new data from Baker Hughes published on Friday. The total rig count Continue Reading
Sechin Says Rosneft’s Vostok Project Goes On After Partner Quit
Russia’s Rosneft PJSC is proceeding with its flagship Vostok Oil project in the Arctic, Chief Executive Officer Igor Sechin said, just over a week after a key partner announced it’s Continue Reading
Massive Fuel Exports Hinder US Efforts to Build Supplies at Home
Robust demand from Latin America is set to lift US Gulf Coast fuel exports to new heights this month, hampering efforts to build up national inventories amid soaring prices. Waterborne Continue Reading