Tag Archives: United States of America

The total number of total active drilling rigs in the United States fell by 5 this week, according to new data from Baker Hughes published Friday, falling by more than 70 rigs over the last two months. The total rig count fell to 682 this week—71 rigs below this time …

The Energy Information Administration (EIA) announced on Sunday that Iraqi oil exports to the United States have surpassed 250,000 barrels per day, establishing Iraq as America’s fourth-largest source of oil in the past week. In a report, the administration stated, “The average U.S. imports of crude oil from eight countries …

Tax credits led to a surge in U.S. electric vehicle sales in the first quarter of 2023, making the United States the world’s second-largest EV market after China, Counterpoint Technology Market Research said in new research. U.S. passenger electric vehicle (EV) sales jumped by over 79% year-on-year in Q1 2023, …

The United States should not tell Saudi Arabia how to manage its crude oil production, Kremlin spokesman Dmitry Peskov said on Friday. “Saudi Arabia is a sovereign state, a responsible state, and a very important player in the international energy markets. Of course, this sovereign state is capable of making …

The total number of total active drilling rigs in the United States fell by 1 this week, according to new data from Baker Hughes published Friday, falling by 53 over the last five weeks. The total rig count fell to 695 this week—38 rigs below this time last year. The …

The US solar industry installed 6.1 GW of capacity in the first quarter of 2023, according to the US Solar Market Insight Q2 2023 report from the Solar Energy Industries Association (SEIA) and Wood Mackenzie. Several factors contributed to the record first quarter, not the least of which was the …

LNG exports out of the United States fell in May to 7.66 million tonnes, according to shipping data cited by Reuters. That’s a 0.35 million tonne dropoff from the previous month. The United States shipped less LNG to Europe in May, while increasing LNG exports to Asia and Latin America. …

US ambitions to break China’s dominance of green energy supply chains are “great for the world” as long as tensions don’t lead to war, said iron ore magnate Andrew Forrest. The chairman of Fortescue Metals Group, the world’s fourth-largest iron ore producer, said it was healthy for competitors to challenge …

Oil prices fell on Tuesday over demand worries in the US due to the debt ceiling crisis, ambiguity about the US Federal Reserve’s (Fed) interest rate policy and recessionary fears. International benchmark Brent crude traded at $76.58 per barrel at 09.52 a.m. local time (0652GMT), a 0.67% fall from the …

Oil prices rose on Monday after US leaders reached a tentative agreement to raise the nation’s debt ceiling following a month-long stalemate. The deal potentially averts a financial crisis in the world’s largest economy and biggest crude oil consumer. Brent, the benchmark for two thirds of the world’s oil, was …