U.S. energy companies added the most natural gas and oil rigs this week than April, as rising oil prices encourage more drillers to return the wellpad.
U.S drillers add the most oil and gas drilling rigs per week since April – Baker Hughes
On stronger demand prospects, oil prices hover around $85/bbl
Brent crude oil traded at $85 per barrel on Thursday, nearing two-month highs. This was buoyed in part by the expectation that a strong economic recovery would boost demand. However,
Analysts predict that oil prices could reach $100 when demand exceeds supply.
Analysts predict that oil prices will rise further this year after rising 50% in 2021. They believe that a shortage of production capacity and low investment could cause crude to
Omicron slump aside, oil prices soar to 2-month highs
Due to tight supply and decreasing concerns about potential demand from the Omicron coronavirus variant, oil prices reached two-month highs Wednesday.
The fourth week in five saw the addition of oil and gas rigs by U.S. drillers -Baker Hughes.
U.S. energy companies started the new year with continued additions of oil and natural gas drilling rigs. This week’s increase in rig count was after two years of decline.
Share Talk Weekly Energy Sector News Round-Up, 8th January 2022
Data from Gascade, the German network operator, showed that Friday’s Yamal-Europe pipeline was flowing east from Germany towards Poland for the 18th consecutive day. However, it flowed at slightly lower
Nostra Terra O&G Co (NTOG.L) 2022 Growth Plans
Nostra Terra (AIM: NTOG), the oil & gas exploration and production company with a portfolio of development and production assets in Texas, USA, is pleased to provide its growth plans
Oil Reports its Biggest Annual Gain since 2009
As vaccinations increased the opening of economies, oil saw its largest annual increase since 2009. Crude production returned to a more moderate pace while oil prices rose.
Oil prices rise to $78 because of optimism about 2022 outlook
Oil prices rose to above $78 per barrel Monday. This was due to tight supply and the hopes of a further demand recovery by 2022.
Brent Crude close to $80, as markets shrugs off Omicron
Brent crude oil traded at $80 per barrel on Tuesday, despite the rapid spread of the Omicron coronavirus variant. This was supported by supply shortages and expectations that U.S. inventories
Oil rises after a two-day drop as traders assess demand
Oil prices rose after traders evaluated the outlook for demand in light of the rapid spread of omicron.
