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 Thursday, bringing the total rig count in the US to 545, down 38 from this same time last year. The number of active oil rigs stayed at 411...Continue Reading

Novorossiysk Restarts Oil Loadings at Reduced Capacity After Drone Strike | 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 – Apr 10, 2026, 11:30 AM CDT Russia has restarted limited oil loadings at...Continue Reading

IMF Warns Iran War Will Leave Lasting Scars on Global Economy | OilPrice.com City A.M CityAM.com is the online presence of City A.M., London’s first free daily business newspaper. Both platforms cover financial and business news as well as sport and… More Info Premium Content By City A.M – Apr 10, 2026, 11:00 AM CDT The...Continue Reading

Oil Price Shock Drives 140% Surge in China’s EV Exports to Record High | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Related News By Michael Kern – Apr 10, 2026, 10:30 AM CDT Chinese electric vehicle exports soared by 140% to a record high in March...Continue Reading

Oil Ignores Escalation, Logs Biggest Weekly Drop Since 2025 | OilPrice.com Tom Kool Tom majored in International Business at Amsterdam’s Higher School of Economics and later completed an Executive MBA in Energy Transition at the University of Groningen.… More Info Premium Content By Tom Kool – Apr 10, 2026, 10:15 AM CDT Despite the ongoing...Continue Reading

JP Morgan Warns Oil Could Hit $120 if Hormuz Stalemate Drags Into July | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Related News By Michael Kern – Apr 10, 2026, 9:30 AM CDT Oil prices could spike and hit again their peak Iran-war levels at nearly...Continue Reading

Why a Hormuz Shipping Toll Would Be Unworkable | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Premium Content By RFE/RL staff – Apr 10, 2026, 9:00 AM CDT Iran and the U.S....Continue Reading

Oil Prices Tumble as Traders Unwind Geopolitical Bets | OilPrice.com Premium Content By Editorial Dept – Apr 10, 2026, 8:30 AM CDT Crude oil markets reversed sharply lower during the week of April 5 through April 9, 2026, as traders shifted from aggressive risk pricing to rapid liquidation. After surging the previous week on geopolitical...Continue Reading

A Shaky Truce and Unclear Goals in the Middle East | OilPrice.com Premium Content By Editorial Dept – Apr 10, 2026, 8:30 AM CDT Politics, Geopolitics & Conflict It’s been a busy week on the U.S.-Iran front. Trump escalated to the point of threatening to wipe out Iran, then pulled back when oil prices spiked,...Continue Reading

Why Oil Traders Are Watching Patterns, Not Politics | OilPrice.com Premium Content By Editorial Dept – Apr 10, 2026, 8:30 AM CDT The last month or so has been a wild ride for those who trade oil futures or invest in energy stocks, which presumably describes pretty much everyone reading this. In the last few...Continue Reading