U.S. Oil and Gas Rig Count Rises Slightly Despite Uncertainty
The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, following a period of no change in the prior week.The total rig count in the US rose by 1 to 59…
Global Oil Demand Robust Despite Tariff Chaos
Oil prices rallied on Wednesday after U.S. government data showed a draw in fuel inventories. Brent crude for May delivery gained 1.6% to trade at $71.98 per barrel at 12.30 pm ET while the comparable WTI contract climbed 1.8% to change hands at for …
American Oil Is Underhedged and Heavily Exposed
Hedging is a popular trading strategy frequently used by oil and gas producers, airlines and other heavy consumers of energy commodities to protect themselves against market fluctuations. During times of falling crude prices, oil producers normally us…
U.S. Coal Ash Landfills Hold Enough Rare Earths to Boost Reserves Eightfold
Since the days of President Jimmy Carter and the 1970s oil crisis, the United States has relentlessly pursued the utopia of energy independence. One of Trumps many "Unleashing American Energy" directives requires the Secretary of the Interio…
Harold Hamm: ‘Drill, Baby, Drill’ Needs $80 Oil
U.S. shale needs much higher oil prices than $50 per barrel, and even higher than the current WTI Crude price in the high $60s, for a “drill, baby, drill” boom, oil tycoon and Trump campaign donor Harold Hamm says.American producers, especially thos…
Oil’s Oversupply Spiral: Can Prices Stay Above $60?
The International Energy Agency just threw a bucket of ice water on oil bulls, reporting that crude supply is outpacing demand by 600,000 bpd and slashing its demand outlook for the year. And the IEA isn’t alone. The world’s biggest oil traders are …
Saudi Aramco, IEA Chiefs Clash In Houston Over The Future Of Oil
With the CERAWeek 2025 conference in Houston drawing to a close, C-Suite executives, ministers and top officials have weighed in on the trajectory of the global oil and gas sector with experts debating whether tariffs, trade, and competition will repl…
Hedge Funds Turn Bearish on Oil, Bullish on Natural Gas
Traders haven’t been this bearish on oil in months or so bullish on U.S. natural gas in years. The latest data on money managers’ positioning in the WTI and Brent crude and U.S. natural gas futures showed two contrasting trends—speculators are bett…
CERAWeek Haunted by Tariffs and Tanking Oil
The current year’s CERAWeek by S&P Global conference kicked off in U.S. metropolis of Houston on Monday, with the energy sector’s most influential annual forum expected to convene over 450 C-Suite executives, 80 ministers and top officials and m…
Why Some in Europe Still Clamour for Russian Gas
Three years ago, Europe suffered one of its biggest energy crises in modern history following Russia’s invasion of Ukraine. Throughout 2022, the weaponization of natural gas supplies by Russia greatly aggravated the continent’s energy security, lead…
Refinery Shutdowns, Growing Demand Could Send Fuel Inventories to 25-year Low
Refinery closures combined with growing demand for gasoline, diesel, and jet fuel are about to start squeezing available volumes—and this squeeze is about to become marked next year. That’s according to the Energy Information Administration, which w…
These Canadian Energy Firms Could Be Among The Hardest Hit By U.S. Tariffs
With U.S tariffs on Canadian imports coming into effect on Tuesday, March 4th, analysts have started to quantify the potential losses for Canadian companies from the trade spat. Energy firms account for 40% of the top 10 Canadian companies that would…
US Oil, Gas Rig Count Inches Up As Drillers Proceed With Caution
The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, after a 4-rig increase in the week prior.The total rig count rose by 1 rig, to 593, according to…
Trump's Energy Policies Face Legal Challenges
As U.S. President Donald Trump rolls back the former government’s renewable energy initiatives in favour of fossil fuels, environmentalists and climate groups are not taking it lying down. Trump said throughout his electoral campaign that he intended…
Why Oil Prices Could Be Headed Lower
U.S. President Donald Trump has kicked off his second term with a bang, launching a systemic and aggressive makeover of the American government.Trump’s new administrative strategy closely mirrors what Steve Bannon, former chief White House strategist…
Is Iraq Now Looking To Russia To Further Develop Its Huge Gas Potential?
Iraq is committed to increasing investment in its gas sector as a key driver for economic growth, according to Oil Minister Hayan Abdul Ghani recently. There is certainly sufficient potential there for the idea to become reality, with official estimat…