The total number of active drilling rigs for oil and gas in the United States fell slightly this week, according to new data that Baker Hughes published on Friday. The total rig count fell by […]
French supermajor TotalEnergies has started to scour the market for deepwater rigs and support vessels to begin development of massive resources discovered offshore Suriname, anonymous sources with knowledge of the tenders told Bloomberg on Friday. Exploration and […]
Conclusion on Oil Price Forecasts for 2024 The consensus among market analysts indicates that oil prices will likely remain elevated for the remainder of 2024, with projections suggesting an average price range for Brent crude […]
Oil prices are on track to post a second weekly gain as bullish sentiment builds and the prospect of a prolonged price rally becomes increasingly likely. Friday, September 20th, 2024 Oil prices are set to […]
Moscow has warned against overestimating the significance of measures taken by Washington The White House may escalate sanctions on the Russian energy sector, a senior US official revealed on Thursday. Moscow has said threats and […]
Saudi Arabia’s crude oil exports fell in July due to increased domestic consumption for power generation. Despite a rise in production, Saudi Arabia maintained its pledge to keep output around 9 million bpd. Saudi Arabia […]
Oil prices climb on the Fed’s rate cut, initially dampened by worries about the U.S. economy but lifted by ongoing tensions in the Middle East. Geopolitical uncertainty, including explosions in Lebanon, contributes to a shift […]
The increase in fossil fuel production on federal lands that Biden-Harris are taking credit for is largely the result of generous leasing under Trump. Is Joe Biden the “Drill, Baby, Drill” president? My AEI colleague […]
Daily Standup Top Stories Oil Is Not Out of the Woods Yet September 18, 2024 Stu Turley Crude oil prices revived this week with WTI recovering to $70 per barrel. This week, the climb is being […]
Crude oil prices revived this week with WTI recovering to $70 per barrel. This week, the climb is being fueled by the U.S. Federal Reserve, which is later today expected to announce the first rate […]
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