U.S. oil firms reduced oil rigs the most in this week since September. This resulted in a decrease in the total oil and natural gas count for a second consecutive
U.S. oil firms reduced oil rigs the most in this week since September. This resulted in a decrease in the total oil and natural gas count for a second consecutive
U.S. energy companies added oil and natural gas drilling rigs this week for the second consecutive week, as high oil prices encourage them to drill more.
U.S. energy companies added oil and natural gas drilling rigs this week for the third time in just four weeks. This is because of high oil prices that encourage them
U.S. energy companies have reduced the number of natural gas and oil rigs in operation to the lowest level since late July. This is due to a slowdown in rig
This week, energy firms increased the number of U.S. oil rigs but reduced the August count for the first time since August 25 months ago. Even though oil prices are
According to the Energy Information Administration (EIA), the largest shale basin in America, the Permian is expected to produce a record 5.408 billion barrels per day by next month. Production
U.S. energy companies have reduced the number of natural gas and oil rigs for the second week in succession. The rig count is an indicator of future output, but it
On Friday, oil prices closed higher, recovering some of the losses from this week’s weak U.S. job growth data. However, they closed the week at their lowest level since February
U.S. oil firms have cut their number of oil drilling rigs by more than 80% since September. This is because production increases incrementally and energy firms are increasing shareholder returns
U.S. energy companies added oil and natural gas drilling rigs this week for the fourth time in five consecutive weeks, despite high crude prices and the slow recovery of crude
U.S. energy companies added oil and natural gas drilling rigs this week for the second consecutive week, a record 23-month run of increases. This was due to high crude prices