Permian now numbers 320 rigs, up 4 Basin is still 100-plus off pre-pandemic highs Inflation bites into drilling, completion budgets The US oil and gas rig count grew four in Continue Reading
Investors, traders, and politicians alike are scrambling. Market panic is here, according to Rystad Energy’s senior oil market analyst Louise Dickson, who made the comment in a statement sent to Continue Reading
Fears of disruptions in the supply of Russian oil and gas, especially for Europe, reach fever pitch. Sanctions begin to impact physical crude flows from Russia. Hedge fund manager Pierre Continue Reading
America’s shale industry is looking to ramp up production, but it is facing two major hurdles that could curb its trajectory. Supply chain issues, runaway inflation and a growing labor Continue Reading
Russia’s oil and gas condensate output rose in February to 11.06 million barrels per day (bpd), according to Reuters calculations based on an Interfax report on Wednesday, while trading has Continue Reading
Russian oil sales are increasingly under an embargo in all but name, threatening a vital source of global crude supply. While there are currently no sanctions in place preventing companies Continue Reading
A proposal by Republican lawmakers to increase U.S. crude oil production amid the fast-deteriorating situation in Ukraine that could compromise the security of energy flows was a “misdiagnosis”, according to Continue Reading
The Ukraine conflict is nowhere near resolution and looks set to continue for some time. Russia’s energy supplies are very much at risk, either due to being withheld by Russia Continue Reading
Goldman Sachs: Enormous Amount of Oil Could Be Disrupted Oil surged as energy and commodity markets were thrown into disarray after Western nations unleashed more sanctions to isolate Russia following Continue Reading
The number of active drilling rigs in the United States rose by 5 this week—the 18 th straight weekly increase to the number of oil and gas rigs in the Continue Reading
