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 10-rig decrease last week, and a 6-rig decrease the week before that. The total rig count in the US fell by 3 to...Continue Reading

Refiners Cheer Good Start to U.S. Driving Season | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – May 30, 2025, 11:30 AM CDT U.S. gasoline consumption over Memorial Day weekend, the start of the U.S. driving season, rose by 2% from the same weekend last year...Continue Reading

The European Union says China, including Hong Kong, is responsible for “approximately” 80 percent of the circumventions of sanctions against Russia even though Beijing continues to deny it. According to a classified report by the German Foreign Ministry, seen by German newspaper Sueddeutsche Zeitung and the state television networks NDR and WDR, EU sanctions commissioner...Continue Reading

Brent Slides Below $64 as Trump and OPEC+ Rattle Crude Markets | 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 – May 30, 2025, 10:30 AM CDT A turbulent week for global energy markets saw oil...Continue Reading

Saudi Aramco’s Borrowing Spree | OilPrice.com Premium Content By Editorial Dept – May 30, 2025, 10:04 AM CDT Defying Lower Oil Prices, Saudi Aramco Goes on Borrowing Spree – Saudi Arabia’s national oil company, Saudi Aramco, is seeking to borrow more from the financial markets to meet its investment needs, having raised $5 billion this...Continue Reading

An Undervalued Engineering Company With Strong Ties to Energy Markets | OilPrice.com Premium Content By Editorial Dept – May 30, 2025, 9:30 AM CDT Just under a year ago, I wrote a piece here suggesting that readers look at buying stock in NuScale (SMR), a young company that designs and builds small modular reactors (SMRs)....Continue Reading

Oil Markets Await Clear Signals From OPEC+ | OilPrice.com Premium Content By Editorial Dept – May 30, 2025, 9:30 AM CDT WTI futures ended Thursday’s session just below a $62.59 pivot, paring earlier gains as a late-week rally fizzled. Crude prices initially rose following a U.S. trade court ruling that overturned broad Trump-era tariffs, which...Continue Reading

Russia Moves to Steal Power From Europe’s Biggest Nuclear Plant | OilPrice.com Premium Content By Editorial Dept – May 30, 2025, 9:30 AM CDT Politics, Geopolitics & Conflict Ukraine is protesting Russia’s construction of power lines to the occupied Zaporizhzhia nuclear plant, a move Kyiv says solidifies annexation. The UN insists there’s no immediate nuclear...Continue Reading

By Editorial Dept – May 30, 2025, 9:30 AM CDT There was a time when Libya’s internal chaos lit up the radar in Washington, Moscow, Ankara, and Brussels. Not anymore. In 2025, the country is in the middle of an undeclared but escalating civil war, and no one with real leverage is rushing in to...Continue Reading

Supertanker With Russian Oil Anchored Near China Could Signal Weak Demand | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – May 30, 2025, 9:15 AM CDT A supertanker carrying 2.1 million barrels of Russia’s Far Eastern ESPO crude grade has been anchored near China for days...Continue Reading