What's New
US Oil Drillers Continue to Back Off On Price Slump
Friday 4th of July 2025
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 Thursday, following a 7-rig decrease in the week prior.The total rig count in the US fell by 8…
Oil Falls as U.S. Crude, Gasoline Inventories Rise
Thursday 3rd of July 2025
Crude oil inventories in the United States increased by 3.8 million barrels during the week ending June 27, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The build brings commercial stockpiles to 41…
Iraq Claims Top Spot Among OPEC Crude Suppliers to the U.S.
Wednesday 2nd of July 2025
OPEC’s second-largest producer, Iraq, was the single biggest supplier of crude from the cartel to the United States in May, per data from the U.S. Energy Information Administration (EIA) cited by Iraqi media outlets Shafaq News and IraqiNews.Iraq ran…
Russia Considers Tax Breaks for Natural Gas Producers As Challenges Mount
Tuesday 1st of July 2025
Russia’s government is weighing the possibility of some tax relief for the giant gas firm Gazprom, which would be paid for by potentially higher taxes on other Russian natural gas producers, a source in the Russian government told Reuters on Monday. …
Products
