Baker Hughes has issued the rotary rig counts as a service to the petroleum industry since 1944, when Baker Hughes Tool Company began weekly counts of U.S. and Canadian drilling activity. Baker Hughes initiated the […]
HOUSTON, Oct 18 (Reuters) – Oil futures fell on Friday, declining more than 7% on the week after data showed China’s economic growth slowed and investors digested a mixed Middle East outlook. Brent crude futures […]
China added major gains to its critical mineral reserves and discovered more mineral deposits last year as it ramped up efforts to boost self-reliance and energy security, according to the Ministry of Natural Resources. Increased investment […]
Iran is closer to finding a way to circumvent the crucial Strait of Hormuz when it comes to oil exports. The Jask oil terminal, officially opened a few years ago, has seen but limited activity […]
Chinese and Indian oil traders have been responsible for the explosive growth of dark fleet tankers hauling Russian crude to Asia, evading Western sanctions. A new report titled “BRICS+ Energy: Engine of the New World Order” from the Valdai International […]
Weekly Daily Standup Top Stories Israel-Iran: A strike on oil assets could revive inflation October 12, 2024 Stu Turley When Iran launched a barrage of some 180 ballistic missiles at Israel a week ago — causing little damage or casualties — Israeli Prime […]
Phillips 66 announced Wednesday that it plans to close operations at its Los Angeles-area refinery late in 2025. The company said in a press statement that it “will work with the state of California to supply fuel […]
The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday. The total rig count fell by 1 […]
The UK yesterday started what could be the beginning of a greater Europe-wide scrutiny of Russia’s dark fleet while in Asia one of Moscow’s top oil clients, India, has also come out with new guidance […]
LONDON, Oct 17 (Reuters) – Britain said on Thursday it had imposed sanctions on 18 more Russian oil tankers and four liquefied natural gas vessels, the largest batch of sanctions to date against Russia’s so-called […]
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