President Donald Trump moved on his first day in office to increase U.S. oil and gas production, but the country's oil ...

Despite US President Trump's efforts to boost U.S. oil production, the industry faces potential output cuts and job losses.

The total active rig count fell by 2 to 590, down 30 from a year ago, with oil rigs rising 5 to 489 (still 19 below last year) and gas rigs dropping 7 to 96 (14 fewer than 2024). In the Permian ...

OPEC+ is losing its ability to control oil prices due to weak global demand and rising non-OPEC oil supplies ... This has happened despite overall shale rig deployment declining by nearly ...

According to the OPEC MOMR, GOM output is expected to be ... correct in that oil production can be tied to the rig count, oil production in Midland county should increase starting in April for ...

Increasing production to drive prices lower may be good for inflation data, but oil and gas companies must operate above ...

Thursday closed down -2.07 (-3.32%), and May RBOB gasoline (RBK25) closed down -0.0771 (-3.78%). Crude oil and gasoline ...

Chinese crude imports fell -1.9% YoY, fueling concerns about global demand and adding pressure to oil markets ... Meanwhile, the U.S. rig count fell by two to 484—just above its three-year ...

OPEC Feb crude production rose +320,000 bpd ... Baker Hughes reported last Friday that active US oil rigs in the week ending March 28 fell -2 rigs to 484 rigs, mildly above the 3-year low of ...

Discover the... Oil: Bull Case Limited in Near Term, OPEC Scaremongering Infinite By Barani Krishnan - Oct 13, 2023 29 New China data brings back old worry about economy in top oil importer 2024 ...

OPEC Mar crude production rose +80,000 bpd to ... Baker Hughes reported last Friday that active US oil rigs in the week ending March 28 fell -2 rigs to 484 rigs, mildly above the 3-year low ...

Canada’s oil flows increased by +190,000 b/d, while Saudi Arabia’s flows fell by -65,000 b/d. Last Friday’s Baker Hughes Rig Count showed U.S. oil rigs dropping by 2, to a total of 484 in ...