HighlightsPermian rigs climb five to 258 Operators eye growth in basin Gas rigs just 5% below pre-pandemic levels The US oil and gas rig count climbed four to 603 in the week ended Aug. 4 […]
(Reuters) -Iranian-backed forces are believed to have seized an oil tanker in the Gulf off the coast of the United Arab Emirates, three maritime security sources said, after Britain’s maritime trade agency reported a “potential […]
Source: Graph by the U.S. Energy Information Administration, based on data from Bloomberg On July 18, OPEC+, which includes most members of OPEC and several non-OPEC members (including Russia), agreed to increase monthly crude oil production starting […]
Oil fell after four monthly gains as data signaled a slowdown in China and investors monitored the spread of the delta coronavirus variant. West Texas Intermediate slipped 0.6%, after climbing 2.6% last week. China’s economic […]
On Friday the Oil Futures ended higher for the fourth month in a row. “Oil futures [markets] remain hyper-focused on draws to U.S. crude and product inventories and are likely positioned on the expectation that […]
Companies with histories of environmental abuses and alleged labor violations, backed by private equity and with ties to foreign governments, stand to profit from North Sea oil and gas, new data shows. Campaigners say the […]
Just over five years ago Anglo American Plc was in deep trouble. The natural resources giant, beset by a collapse in commodity prices, scrapped its dividend and announced plans to close mines and cut thousands of workers. […]
Russia’s Lukoil PJSC is retracting its decision to sell its stake in West Qurna-2 field in the south to Chinese companies, according to Iraqi state-run newspaper Al-Sabah. Iraq’s oil ministry has been in talks with the company […]
ExxonMobil pumped 400,000 b/d of oil equivalent from the Permian Basin in Q2 021, which it aims to increase by 40,000 boe/d in Q3 through continued operating efficiencies, the company said July 30. Jack Williams, […]
New Mexico’s oil production surged to a record in May, lifting output to the second-highest in the nation and highlighting the Permian Basin’s role in leading the shale industry’s rebound from the pandemic. The southwestern […]
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