Baker Hughes Co a prominent energy services firm, reported that U.S. energy companies experienced the largest weekly reduction in oil and natural gas rigs since February, according to its widely
Baker Hughes Co a prominent energy services firm, reported that U.S. energy companies experienced the largest weekly reduction in oil and natural gas rigs since February, according to its widely
European natural gas prices have reached their lowest point in 21 months, undermining Vladimir Putin’s campaign in Ukraine.
Gas prices throughout Europe have reached a 21-month low just before the upcoming quarterly price cap review by the UK energy regulator, Ofgem.
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On Monday, oil prices dropped due to worries about the economic repercussions of a possible interest rate hike by the U.S. Federal Reserve and declining Chinese manufacturing figures, which overshadowed
According to the closely monitored report by energy services company Baker Hughes Co on Friday, U.S. energy firms have added oil and natural gas rigs for the first time in
In its report on Friday, Baker Hughes Co, an energy services firm, stated that energy companies in the United States have cut down the number of operating rigs for oil
Despite concerns from Federal Reserve members about a potential recession in the US later this year, crude oil prices remained above $80 on Thursday.
As part of a commitment to reduce production, Russian oil exports have seen a significant decline. In the past week, oil flows from Russian ports fell by 1.24 million barrels
The looming supply cuts from Saudi Arabia and other OPEC+ producers offset concerns about weakened global economic growth that may reduce fuel demand.
Baker Hughes Co, an energy services company, reported on Thursday that U.S. energy firms decreased the number of active oil and natural gas rigs for the second week in a