The total number of active drilling rigs for oil and gas in the United States slipped again this week, according to new data that Baker Hughes published on Friday, following a 6-rig decrease last week. The total rig count in the US fell by 6 to 578 rigs, according to Baker Hughes, down 25 from...Continue Reading
EOG Resources, Inc. (EOG) today announced that the company was awarded a new oil exploration concession for Unconventional Onshore Block 3 (UCO3) by Abu Dhabi’s Supreme Council for Financial and Economic Affairs (SCFEA). SourceContinue Reading
Halliburton and Rhino Resources have delivered two exploration wells within PEL 85 offshore Namibia, the companies announced. These exploration wells are the first to be completed entirely from in-country infrastructure through Halliburton’s newly established operational bases. SourceContinue Reading
By Editorial Dept – May 16, 2025, 12:00 PM CDT In a flurry of coordinated geopolitical maneuvers, the United States has lifted key sanctions on Syria while positioning itself as the broker in a historic normalization process between Syria and Israel. At the same time, Turkey’s Erdogan is getting a trade-off, with the Kurdistan Workers’...Continue Reading
This Beaten Down Stock Could Be Ripe For A Short-Squeeze | OilPrice.com Premium Content By Editorial Dept – May 16, 2025, 12:00 PM CDT I would imagine most energy investors, like me, have a somewhat tricky relationship with coal stocks. If you are interested in fossil fuels generally as an investment it is probably because...Continue Reading
India-Pakistan Ceasefire Tested as Indus Water Tensions Surge | OilPrice.com Premium Content By Editorial Dept – May 16, 2025, 12:00 PM CDT Politics, Geopolitics & Conflict – Russia and Ukraine were holding their first direct peace talks in over three years on Friday in Istanbul, but with delegations devoid of either Putin or Zelensky. The...Continue Reading
Iran’s Oil Return Would Be Modest, Even With a Deal | OilPrice.com Premium Content By Editorial Dept – May 16, 2025, 12:00 PM CDT In the latest edition of the Numbers Report, we will take a look at some of the most interesting figures put out this week in the energy and metals sectors. Each...Continue Reading
Bulls on the Backfoot as Supply Risks Mount | OilPrice.com Premium Content By Editorial Dept – May 16, 2025, 12:00 PM CDT Crude oil futures reversed sharply lower by Thursday after beginning the week with a strong rally fueled by optimism over a temporary easing in U.S.-China trade tensions. Prices initially surged more than 4%...Continue Reading
Occidental has entered into an agreement with ADNOC’s XRG to evaluate a potential joint venture to develop a Direct Air Capture (DAC) facility in South Texas. As part of the joint venture, XRG will consider investing up to $500 million. SourceContinue Reading
Fresh EU Sanctions on Russia Could Include Lower Oil Price Cap | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com, More Info Premium Content By Michael Kern – May 16, 2025, 11:00 AM CDT The EU is preparing its 18th sanctions package against Russia, aiming to increase pressure on...Continue Reading
