The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday. The total rig count in the US slipped to 538, according to Baker Hughes, down 47 from this same time last year. The rig count is still...Continue Reading

Brent Crude Shrugs Off Stock Slump | 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 – Aug 22, 2025, 11:00 AM CDT In a notably quiet week, holiday-thinned liquidity kept ICE Brent range-bound at $65.80–$67.90/bbl despite...Continue Reading

Cenovus Energy will acquire MEG Energy in a cash and stock transaction valued at $7.9 billion CAD ($5.7 billion USD), Cenovus announced Friday. The acquisition follows MEG’s recent rejection of a takeover bid from Strathcona Resources. The joining of Cenovus and MEG will create combined oil sands production of over 720,000 bpd. SourceContinue Reading

Cenovus to Buy MEG as Canada’s Oil Sands Consolidate Further | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Aug 22, 2025, 9:30 AM CDT Cenovus Energy on Friday announced it has entered into a definitive arrangement agreement to acquire MEG Energy Corp in a cash...Continue Reading

The Real Reasons Your Power Bill Is Exploding | OilPrice.com Robert Rapier Robert Rapier is a chemical engineer in the energy industry. He has 25 years of international engineering experience in the chemical, oil and gas, and… More Info Premium Content By Robert Rapier – Aug 22, 2025, 9:00 AM CDT AI data centers, global...Continue Reading

New Ukrainian Strike Halts Pipeline Oil Flow to Hungary and Slovakia Again | 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 – Aug 22, 2025, 8:30 AM CDT Just days after flows...Continue Reading

Private Chinese Firm Invests $1 Billion to Pump 60,000 Bpd Crude in Venezuela | 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 – Aug 22, 2025, 7:30 AM CDT Private Chinese firm...Continue Reading

UBS Sees Brent Oil Prices Staying in the High $60s in Tight Market | 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 – Aug 22, 2025, 6:01 AM CDT Brent Crude oil...Continue Reading

U.S. Steps Up Sanctions Pressure on Iran’s Oil Trade | 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 – Aug 22, 2025, 4:34 AM CDT The United States has sanctioned a Greek...Continue Reading

Sinopec Announces Major Shale Gas Discoveries | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Related News By Irina Slav – Aug 22, 2025, 3:30 AM CDT China’s Sinopec has made two significant discoveries of shale gas in central-southwestern...Continue Reading