Tag Archives: United States of America

The total number of total active drilling rigs in the United States fell by 3 this week, according to new data from Baker Hughes published Friday, after falling 4 last week. The total rig count fell to 748 this week—55 rigs higher than the rig count this time in 2022—still …

After saying it would take years to refill the SPR, U.S. Energy Secretary Jennifer Granholm is now saying that the Biden Administration plans to refill the SPR soon. According to Secretary Granholm, the Biden Administration hopes to refill the SPR at lower oil prices yet this year—provided it is advantageous …

Iraq is asking a U.S. federal court to enforce a ruling against Turkey over crude oil exports Turkey received from the Kurdistan Region of Iraq. The exports from the semi-autonomous Kurdistan region of Iraq into Turkey still have not resumed, leaving multiple fields in the KRG region shut in. Turkey …

The U.S. administration is considering slashing the mileage ratings for electric vehicles (EVs) to meet fuel economy regulations for automakers, in a major overhaul of the Corporate Average Fuel Economy (CAFE) program. The U.S. Department of Energy is looking to reduce significantly the way petroleum-equivalent fuel economy for EVs is …

The US Navy has deployed a guided-missile submarine capable of carrying up to 154 Tomahawk missiles to the Middle East, a spokesman said. Cmdr. Timothy Hawkins, a spokesman for the 5th Fleet based in the Gulf nation of Bahrain, said on Saturday the nuclear-powered submarine, based out of Kings Bay, …

According to the US Energy Information Administration on Saturday, Iraq’s oil exports to the United States increased last week. The EIA’s report stated that the US imported an average of 6.36 million barrels of crude oil from nine countries, up by 1.833 million barrels per day from the previous week’s …

South Korea has announced a $5.32 billion financial support package aimed at helping the country’s battery makers invest in infrastructure in North America over the next five years. The initiative is intended to help South Korean firms capitalize on the United States’ Inflation Reduction Act, which requires automakers to source …

Oil prices decreased on Thursday after weak economic data in the US sparked recession fears. International benchmark Brent crude traded at $84.61 per barrel at 10.08 a.m. local time (0708 GMT), a 0.45% drop from the closing price of $84.99 a barrel in the previous trading session. At the same …

The crypto industry is in crisis. Crypto bigwigs all over the world, from the United States to South Korea, have been slapped with very public criminal charges concerning fraud. After the scandalous downfall of FTX, one of the largest cryptocurrency exchanges in the world, regulators have escalated a crackdown on …

The total number of total active drilling rigs in the United States fell by 4 this week, according to new data from Baker Hughes published on Thursday—a day earlier than usual due to the Good Friday holiday this week. The total rig count fell to 751 this week—62 rigs higher …