U.S. shale drilling activity declined for the ninth straight week, marking the longest drop since mid-2020. Analysts say recent oil price gains haven’t been enough to reverse cautious spending by producers. SourceContinue Reading
The total number of active drilling rigs for oil and gas in the United States fell yet again this week, according to new data that Baker Hughes published on Friday, following a 1-rig decrease in the week prior. The total rig count in the US fell by 7 to 547 rigs, according to Baker Hughes,...Continue Reading
The Energy Workforce & Technology Council (EWTC) has released a statement praising the Trump Administration’s announcement of a historic offshore lease sale in the Gulf of America, slated to offer nearly 80 million acres for oil and gas development, signaling a clear shift back to American energy dominance. SourceContinue Reading
Oil-Rich Alberta Forecasts Unexpected Budget Surplus | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jun 27, 2025, 11:30 AM CDT Alberta expects to have booked a budget surplus of about US$4.2 billion (C$5.8 billion) for the fiscal year 2024-2025 that ended in March, as Nate...Continue Reading
Oil flows on the Transneft pipeline network, which handles 80% of all the oil Russia produces, fell last year and continue to slide in 2025, too, due to the OPEC+ agreement to withhold supply and technological issues at Russia’s oil-producing sites, the pipeline giant said on Friday. Due to the falling oil flows, Transneft doesn’t...Continue Reading
Colombian businesses are bracing for a deepening shortfall in natural gas supply that threatens to shutter some operations. Supplies of gas are expected to fall at least 10% short of demand next year, and possibly as high as 20%. SourceContinue Reading
Iran-Based Social Media Campaign Targets Saudi Aramco | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jun 27, 2025, 10:30 AM CDT Car Online, an Iran-based campaign on social media channels, has started to call on its subscribers and followers to incite Yemenis to target facilities...Continue Reading
All Eyes on Fundamentals as Geopolitical Risk in Oil Evaporates | OilPrice.com Tom Kool Tom majored in International Business at Amsterdam’s Higher School of Economics, he is Oilprice.com’s Head of Operations More Info Premium Content By Tom Kool – Jun 27, 2025, 10:00 AM CDT Following the collapse of geopolitical risk premium in oil prices,...Continue Reading
TotalEnergies has agreed to purchase Moeve’s 25 % stake in offshore Suriname Block 53, joining operator APA and Petronas. The licence sits next to Block 58’s GranMorgu project and contains the Baja-1 discovery. SourceContinue Reading
BYD is Cutting Production Despite Strong Sales | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Related News By ZeroHedge – Jun 27, 2025, 9:30 AM CDT BYD stock and its U.S. listed ADRs slumped about 3% on Wednesday this week, after it was reported the vehicle manufacturer...Continue Reading
