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, after seeing no change in the four weeks prior. The total rig count fell by five rigs, to 584 according to Baker Hughes, down 35 from this...Continue Reading

India’s Refiners Brace For Major Disruption to Russian Oil Supply | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jan 10, 2025, 11:30 AM CST Indian refiners expect their supply of cheaper Russian crude to be severely crippled with imminent U.S. sanctions expected to be slapped...Continue Reading

OMV Set to Supply Romanian Gas to Germany From 2027 | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jan 10, 2025, 10:30 AM CST The Romanian business of Austria’s energy giant OMV has reached an agreement with German firm Uniper to supply natural gas to...Continue Reading

Oil Prices Skyrocket 4.5% as U.S. Targets Russian Tankers | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Jan 10, 2025, 10:00 AM CST New US sanctions targeting Russian oil tankers and maritime insurance providers have caused oil prices to surge to a...Continue Reading

Asia Diversifies Its Oil Supply as More Iran and Russia Sanctions Loom | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jan 10, 2025, 9:30 AM CST The top buyers of Russian and Iranian crude in Asia, China, and India, have been buying more crude from...Continue Reading

The Oil Bulls Are Back as Brent Breaks $80 | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Premium Content By Michael Kern – Jan 10, 2025, 8:53 AM CST Bullish sentiment is well and truly back in oil markets, with Brent breaking $80 and WTI trading...Continue Reading

America’s Reliance on Natural Gas Is Only Growing | OilPrice.com Premium Content By Editorial Dept – Jan 10, 2025, 8:30 AM CST America’s Love for Natural Gas Caps Emissions – For the first time on record, US emissions from gas-fired power stations surpassed the mark of 1 billion metric tonnes of CO2, however thanks to...Continue Reading

Oil Traders Cautiously Bullish as Prices Hit October Highs | OilPrice.com Premium Content By Editorial Dept – Jan 10, 2025, 8:30 AM CST Crude oil futures reached their highest levels since October earlier this week, and the momentum wasn’t slowing as of Friday morning. WTI and Brent were trading at $74.58 and $77.59 respectively at...Continue Reading

Venezuela’s Opposition Leader Kidnapped and Then Released | OilPrice.com Premium Content By Editorial Dept – Jan 10, 2025, 8:30 AM CST Politics, Geopolitics & Conflict South Sudan resumed oil exports on January 8 following Sudan’s decision to lift force majeure on a vital pipeline damaged during Sudan’s civil conflict. Prior to the halt in February...Continue Reading

By Editorial Dept – Jan 10, 2025, 8:30 AM CST With a major security vacuum left in the wake of the overthrow by rebels of Syria’s Assad, followed almost immediately by a massive Israel airstrike campaign that has decimated any strategic/military capabilities, we expect prolonged instability in Syria as external actors prepare to stake their...Continue Reading