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 4-rig decrease in each of the two weeks prior. The total rig count in the US fell by 1 to 554 rigs, according...Continue Reading

Two swallows do not a summer make. Well, okay, Aristotle didn’t put it that way, but we are betting that a lot of utility investors are hoping so. Here’s what happened on the same day. Two news stories.  USA Network, the Gannet news service, reported that the N.Y. State legislature is not just looking at...Continue Reading

Iran Floods Tankers With Oil to Shield Crude From Missile Strikes | OilPrice.com Premium Content By Editorial Dept – Jun 20, 2025, 10:20 AM CDT Iran Loads Every Available Barrel of Oil on Its Tankers  – Confronted with the prospect of the Trump Administration potentially attacking its infrastructure, Iran has been maximizing exports and sending...Continue Reading

Expect Oil Price Volatility as Trump Weighs Iran Intervention | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Premium Content By Michael Kern – Jun 20, 2025, 10:16 AM CDT Geopolitical risk raced back into oil markets last week with Israel’s strikes on Iran, and Donald Trump’s...Continue Reading

Asia Wants More Term Oil Deals From Middle East as War Boosts Spot Prices | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jun 20, 2025, 10:15 AM CDT Refiners in Asia have asked for additional oil supply under term contracts this summer as the conflict...Continue Reading

Oil slumped after President Donald Trump signaled a decision on whether to strike Iran will be made within two weeks, easing fears about an imminent attack from the U.S. SourceContinue Reading

Russia’s New Oil Gambit | OilPrice.com Premium Content By Editorial Dept – Jun 20, 2025, 9:30 AM CDT Politics, Geopolitics & Conflict Russia is signaling a desire to re-enter the global energy conversation on new terms, with Russian sovereign wealth chief Kirill Dmitriev floating the idea of U.S.–Russia–Saudi cooperation to stabilize oil markets. This proposal...Continue Reading

Oil Prices Surge as Israel-Iran Conflict Rattles Markets | OilPrice.com Premium Content By Editorial Dept – Jun 20, 2025, 9:30 AM CDT Crude oil prices climbed sharply last week as the conflict between Israel and Iran worsened, raising fears that global oil supplies could be affected. The situation quickly became one of the most closely...Continue Reading

European diesel prices rallied for a fifth straight session, driven by mounting anxiety that critical Middle East shipping lanes could be choked off. The conflict between Israel and Iran has raised alarm bells across the EU, which has become increasingly dependent on fuel shipments transiting the Strait of Hormuz since losing access to Russian supplies. ...Continue Reading

Russia Floats Asset Sales as War Costs Mount | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – Jun 20, 2025, 8:50 AM CDT Russia is preparing to sell off chunks of its...Continue Reading