U.S. energy firms pulled back drilling activity for the second straight week, with the Baker Hughes rig count falling 9 rigs to 543 total active rigs for the week ending March 27, 2026. This marks the sharpest single-week decline since early 2026 and leaves the U.S. count down 49 rigs (8.3%) from the same week […]
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In a sign of cautious optimism across the U.S. energy sector, drillers added oil and natural gas rigs for the second consecutive week — the first back-to-back gains since early February — according to the latest Baker Hughes weekly rig count released Friday. The total number of active rotary rigs climbed by two to 553 […]
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As of March 15, 2026, global oil markets are buzzing with Brent crude prices climbing to $103.82 per barrel, marking a significant milestone above the $100 threshold amid ongoing geopolitical tensions and supply disruptions in key regions like the Strait of Hormuz. Meanwhile, West Texas Intermediate (WTI) crude is hovering just below at $99.30, reflecting […]
Continue ReadingAs we approach the end of November 2025, the energy sector continues to show dynamic shifts in drilling activity, storage levels, and production metrics. This week\’s update draws on the latest data from Baker Hughes and the U.S. Energy Information Administration (EIA), highlighting trends in rig counts across the globe and within the U.S., as […]
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