By Julianne Geiger – Nov 17, 2023, 12:16 PM CST The total number of active drilling rigs in the United States rose by 2 this week after falling by 2 last week, according to new data that Baker Hughes published Friday. The total rig count rose to 618 this week. So far this year, Baker...Continue Reading

Goldman Sachs Sees OPEC Keeping Oil In $80-$100 Price Range | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Nov 17, 2023, 11:30 AM CST Goldman Sachs expects OPEC to not let oil prices slide too much below $80 per barrel next year and use its...Continue Reading

Is This The Best Way To Play The Plunge In Oil Prices? | OilPrice.com Premium Content By Editorial Dept – Nov 17, 2023, 11:00 AM CST One of the things on which I pride myself when writing here, or elsewhere for that matter, is that I don’t run away and hide should I make a...Continue Reading

U.S. Investigates Chipmaker Over Alleged Export Violations to China | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Nov 17, 2023, 11:00 AM CST The probe involves shipments of semiconductor equipment to China’s largest chipmaker, SMIC, without proper export licenses. The Biden administration’s...Continue Reading

BP Weighs Team-Ups, Anchor Investments To Cut Renewables Costs | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Nov 17, 2023, 10:30 AM CST BP is exploring ways to reduce soaring costs in the renewables sector by considering potential investments in the supply chain and development...Continue Reading

By RFE/RL staff – Nov 17, 2023, 10:00 AM CST Sanctions are part of efforts to reduce Russian oil revenue funding its war in Ukraine. Sanctions target companies and vessels using U.S. services to transport overpriced Russian crude oil. The action is in line with the G7’s strategy to limit Russia’s wartime profits while maintaining...Continue Reading

UK’s Octopus Energy Launches $3.7 Billion Offshore Wind Fund | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Nov 17, 2023, 9:30 AM CST UK’s Octopus Energy is launching a $3.7-billion (£3 billion) offshore wind fund in cooperation with Japan’s Tokyo Gas as part of an...Continue Reading

Oil Prices Recover Slightly But Remain Under Pressure | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Premium Content By Michael Kern – Nov 17, 2023, 9:00 AM CST Oil prices were recovering slightly on Friday morning after four consecutive weeks of losses pushed both Brent and...Continue Reading

Campaigners Urge Lenders to Halt Funding for Total’s Mozambique LNG Project | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Nov 17, 2023, 8:29 AM CST Environmental campaigners have urged banks...Continue Reading

Climate Concerns Haven’t Crippled Big Oil Funding | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Nov 17, 2023, 7:30 AM CST The global push for decarbonization hasn’t impacted either the...Continue Reading