The number of active drilling rigs in the United States stands at 760 this week, down by one from the previous week but up by 115 from a year ago, according to the weekly data released Friday by Houston-based oilfield services company Baker Hughes, Trend reports citing Xinhua. These active …
Read More »Russia Urges U.S. to Prove Innocence over Nord Stream Incident
The United States should try to prove its innocence of blowing up the Nord Stream gas pipelines, the Russian Embassy in the United States said on Thursday. The Russian side will not allow to simply turn the page on destroying critical energy infrastructure, especially given the fact that nothing is …
Read More »Russia Says U.S. should Prove It did not Destroy Nord Stream
The United States should try to prove it was not behind the destruction of the Nord Stream gas pipelines that connected Russia to Western Europe, the Russian embassy to the United States said on Thursday. Moscow considers the destruction of Nord Stream 1 and Nord Stream 2 pipelines last September …
Read More »Oil Prices Fall ahead of Crucial Upcoming US Inflation Data
Oil prices fell on Monday ahead of the release of critical US inflation data due later this week, sparking recession fears in the country. International benchmark Brent crude traded at $85.56 per barrel at 09.55 a.m. local time (0655 GMT), down 0.96% from the closing price of $86.39 a barrel …
Read More »Russia Says NATO should Hold Emergency Summit over Nord Stream Blasts
NATO should hold an emergency meeting to discuss recent findings about September explosions at the Nord Stream gas pipelines, Russia’s Foreign Ministry spokeswoman Maria Zakharova said late on Saturday. Investigative journalist Seymour Hersh, who won a Pulitzer Prize in 1970, said in a blog post on Wednesday, citing an unidentified …
Read More »U.S. Oil Drilling Activity Picks up amid Rising Crude Prices
The total number of total active drilling rigs in the United States rose by 2 this week, according to new data from Baker Hughes published on Friday. The total rig count rose to 761 this week—126 rigs higher than the rig count this time in 2022 and 314 rigs lower …
Read More »NATO Urges Russia to Respect Nuclear Pact with U.S.
The North Atlantic Treaty Organization (NATO) on Friday called on Russia to respect its treaty with the United States on nuclear weapons, which contributes to international stability. NATO ambassadors said in a statement that “We note with concern that Russia has failed to comply with legally-binding obligations under the New …
Read More »Oil Prices Increase with Weaker US Dollar
Oil prices rose on Thursday as the US dollar fell and OPEC+ decided to maintain its current production policy. International benchmark Brent crude traded at $83.38 per barrel at 9.08 a.m. local time (0608 GMT), a 0.65% increase from the closing price of $82.84 a barrel in the previous trading …
Read More »U.S., EU Make $8.5 Billion Payment to Support South Africa’s Energy Transition
The United States supports South Africa’s transition to cleaner energy and will help mobilize financing from the private sector to assist the country which is heavily dependent on coal, U.S. Secretary of the Treasury Janet Yellen said on Friday during a visit to South Africa. Currently, coal is by far …
Read More »US Plans to Test Nuclear-Powered Spacecraft by 2027
The United States plans to test a spacecraft engine powered by nuclear fission by 2027 as part of a long-term NASA effort to demonstrate more efficient methods of propelling astronauts to Mars in the future, the space agency’s chief said on Tuesday. NASA will partner with the US military’s research …
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