Tag Archives: United States of America

U.S. Rig Count is up 2 from last week at 432 with oil rigs unchanged at 337, gas rigs up 2 to 93, and miscellaneous rigs unchanged at 2. U.S. Rig Count is down 170 rigs from last year’s count of 602, with oil rigs down 167, gas rigs down …

Oil was little changed on Monday amid hopes that fuel demand is picking up in the U.S. as the summer driving season approaches and COVID-19 vaccinations there accelerate, although rising case numbers in other countries are keeping a lid on prices. Brent was up 2 cents at $62.97 a barrel …

India has emerged as the top buyer of US crude in the first quarter of calendar year 2021 from second-biggest buyer last year as the world’s third largest oil consumer looks at alternate sources of crude amidst a spat with Saudi Arabia, the world’s largest producer, to lift output curbs, …

A year after the pandemic and the disagreement within OPEC+ over supply management crushed oil prices, the industry finds itself at an all-too-familiar crossroads: Will OPEC’s bet that U.S. shale’s “drill, baby, drill” is gone forever be right this time? Analysts seem to concur that this is a safe bet, …

The U.S. slashed its oil production forecast through next year just as OPEC and its allies begin to rollback their production cuts in the coming months. U.S. oil output is set to reach 11.04 million barrels day this year, down from last month’s forecast at 11.15 million after a deep …

Oil futures settled sharply lower on Monday, with U.S. prices down almost 5%. The decline follows a decision by the Organization of the Petroleum Exporting Countries and their allies last week to incrementally increase production from May through July. There’s also a “reduced demand outlook with COVID cases rising dramatically …

Dangling tax credits and rebates in his drive to fight climate change, United States (US) President Joe Biden wants you to trade your gas-burning car, truck or SUV for a zero-emissions electric vehicle (EV). Some buyers would find his offer persuasive. Yet Biden’s goal is a daunting one: Even if …

U.S. exports of liquefied natural gas (LNG) to China, Japan and South Korea, the biggest importers of the fuel, have surged to record highs in recent months as the heavily industrialised region recovers from the COVID-19 pandemic, Eikon trade data shows. As with the ramp-up of U.S. oil exports that …

Europe’s largest oil and gas companies are leaving US rivals further and further behind in the race to cut their reliance on fossil-fuel sales. Total SE, Galp Energia SGPS SA, Equinor ASA, Royal Dutch Shell Plc and Eni SpA are leading the pack, while Exxon Mobil Corp and Chevron Corp …

The impact of the blockage of the Suez Canal by a giant container ship will be minimal, while oil prices may increase in the short run, Managing Director of Branko Terzic & Associates LLC, who used to serve as a commissioner on the US Federal Energy Regulatory Commission, said on …