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 3-rig decrease last week, and a 10-rig decrease the week before that. The total rig count in the US fell by 4 to...Continue Reading

U.S. Sanctions Hit Iranian Oil Smuggling Network in Asia | 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 06, 2025, 11:30 AM CDT The U.S. Treasury Department has unleashed a sweeping...Continue Reading

Trump Administration: Biden’s Fuel Economy Rules Exceeded Authority | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jun 06, 2025, 10:30 AM CDT The fuel economy standards issued under former President Biden exceeded legal authority, the U.S. Department of Transportation said on Friday. Under the so-called...Continue Reading

US-China Trade Talks Lift Oil Prices | 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 06, 2025, 10:30 AM CDT ICE Brent is poised to close the week above $66 as trade optimism lifts...Continue Reading

Baseline Energy Services LP has recently introduced its first 400 kW mobile power generator, the NexGen 400™, to its growing fleet. The 581 HP NexGen 400 delivers 385 kW of continuous power fueled by natural gas (~1,000 BTU) at full load. SourceContinue Reading

Oil Traders Brace for 2026 Squeeze | OilPrice.com Premium Content By Editorial Dept – Jun 06, 2025, 10:02 AM CDT Wary of the ‘Hockey Stick’, Oil Traders Hedge Their 2025 Exposure – Open interest in WTI calendar spread options – contracts that see market participants bid on the future value of crude oil futures across...Continue Reading

“This transaction, combined with the sale of our East Finn assets in 2023, completes our exit from the United States, allowing us to focus on our core gas-weighted assets in Canada and Europe,” Vermilion said in a statement. SourceContinue Reading

HSBC Sees OPEC+ Output Hikes Weighing on Oil Prices in Late 2025 | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jun 06, 2025, 9:30 AM CDT HSBC’s forecast that Brent Crude prices would remain around $65 per barrel later this year could be too optimistic...Continue Reading

Oil Holds Strong on Supply Disruptions and Geopolitical Tensions | OilPrice.com Premium Content By Editorial Dept – Jun 06, 2025, 9:00 AM CDT Light crude oil futures rallied this week, closing Thursday at $63.37 per barrel—up approximately 4.2%—as the market digested a cocktail of bullish catalysts. Traders responded to unplanned supply disruptions in Canada, measured...Continue Reading

Long-Term Potential Makes This the One Fuel Cell Stock Worth Buying | OilPrice.com Premium Content By Editorial Dept – Jun 06, 2025, 9:00 AM CDT On the surface, this is not a good time to be investing in alternative energy in the US. The current White House administration is not just pro-fossil fuel but often...Continue Reading