US Oil Rig Count Falls as Crude Prices Rise and Production Edges Higher
US oil rigs declined by three as Brent rose nearly $7 in a week and crude output reached 13.83 million barrels per day.
US oil rigs declined by three as Brent rose nearly $7 in a week and crude output reached 13.83 million barrels per day.
Brent nears $100 as Hormuz traffic stalls, while Iraq’s export plans, shifting crude flows and weather risks reshape energy markets.
Shrinking water supplies can constrain power generation just as energy demand rises, putting greater weight on infrastructure planning and water avail...
Carbon capture’s next test is commercial: Europe needs contracts that connect emitters to transport and storage and make projects financeable.
Record U.S. imports are tightening copper availability elsewhere as tariff expectations and supply disruptions drive a steep premium for prompt metal.
Europe may need more LNG this winter despite a strong El Niño; only unusually large warming would bring imports close to last winter’s level.
U.S. oil rigs increased by one as Brent climbed above $87 and WTI reached $81.81; crude output held near 13.8 million barrels per day.
South Africa’s top court overturned a ruling that kept Shell’s Wild Coast survey plans alive, while other offshore projects remain in play.
Brent is heading for a weekly gain near 5% as Hormuz attacks unsettle flows, while conflicting demand forecasts and disruptions complicate the outlook...
A 540,000-barrel Malaysian cargo is bound for a West Coast refinery as tight fuel markets and strong refining margins widen the supply search.
Refiners in South Korea, Japan and Taiwan bought U.S. crude for November delivery, paying premiums as the Hormuz standoff tightens supply options.
WTI rose 5.3% this week as stalled Hormuz talks revived supply concerns, while a large U.S. crude build and weaker demand forecasts capped gains.
Sea Legend is launching weekly Arctic service from China to Europe, betting on shorter summer voyages as Red Sea risks persist.
U.S. crude stocks rose far more than expected, while gasoline and distillate inventories declined and Cushing holdings increased.
Just five or six commercial vessels crossed Hormuz on Monday, far below prewar traffic and the pace Bank of America says could steady energy markets.
Rystad expects China’s coal-to-gas capacity to triple by 2030, adding a domestic supply hedge with potential implications for LNG demand.
The source points to weaker U.S. job growth and pressure on hospitals, while leaving the scale and causes of both trends uncertain.
Citi lifts its third-quarter Brent forecast but keeps its $70 fourth-quarter view, which depends on oil flows through Hormuz recovering.
U.S. oil rigs added three as gas rigs declined by the same number. Crude output edged higher, while completion crews fell.
Iran’s proposed Hormuz restrictions collide with signs of possible talks, while shifts in oil, gas and shipping flows reshape near-term market risks.