The de facto buyers’ strike on Russian crude that began a month ago propelled oil prices to their highest levels in years. Now the real effects are starting to create a second wave of impact […]
This week, U.S. energy firms added oil and natural gas rigs for a seventh week in a row for the first time since February 2021 after crude prices this week soared to their highest since […]
Baker Hughes rig count released Friday shows the United States has added 22 rigs since last week, bringing its total count to 635. This shows an increase of 238 rigs from last year, and brings […]
Shares of U.S. energy companies are soaring in the early days of 2022, driven by a shift to so-called value stocks and assets that stand to benefit from the steepest inflation in nearly four decades. […]
Source: U.S. Energy Information Administration, Short-Term Energy Outlook In our December Short-Term Energy Outlook (STEO), we forecast that U.S. dry natural gas production will increase from 95.1 billion cubic feet per day (Bcf/d) in October 2021 to 97.5 Bcf/d by December […]
The number of oil and gas rigs in the United States rose by 7 this week, according to Baker Hughes, bringing the total additions over the last four weeks to 31. The total rig count is […]
The energy industry is already starting to recover from one the worst years in recent history after the coronavirus pandemic roiled global markets, Baker Hughes Chief Executive Lorenzo Simonelli said on Monday during CERAWeek by […]
Shares of oilfield services major Baker Hughes (BKR) slumped on Thursday after the company reported adjusted fourth-quarter earnings that missed analysts’ forecasts as it continued to recover from a slump in oil and gas prices due to […]
U.S. crude, gasoline and distillate stocks fall last week-EIA * Investors cheer a potential Brexit trade deal * U.S. drillers add oil and gas rigs for fifth week in row TOKYO, Dec 24 (Reuters) – […]
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