Oil in New York headed for its longest run of losses since February after Saudi Arabia and Russia proposed raising production later this year. Futures slid 1.4 percent on Tuesday after Friday’s 4 percent decline. Saudi Arabia and Russia said OPEC and its partners may boost supply to […]
Welcome to the Oilfield1 Weekly Report. Providing you the latest U.S. oil prices, rig counts & more. Weekly Sponsor: Texas Peeps Hat Co. Current U.S. Oil Price: $66.87 US Rig Count: 1,154 (-14) Permit count: 972 (-31) Rigs Waiting to Spud: 50 Rigs on the move: 447
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Crude oil and gasoline stockpiles fell again last week, adding more support to oil prices already rising on geopolitical concerns. Crude inventories decline by 1.4 million barrels last week, the Energy Department reported Wednesday, while gasoline stocks fell by 3.8 million barrel.s Oil prices, which had slipped in […]
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Welcome to the Oilfield1 Weekly Report. Providing you the latest U.S. oil prices, rig counts & more. Weekly Sponsor: Enterprise Management Services LLC Current U.S. Oil Price: $70.11 US Rig Count: 1,148 (-9) Permit count: 1,161 (-18) Rigs Waiting to Spud: 56 (+12) Rigs on the move: 473 […]
WASHINGTON – Between international sanctions against Russia and a global drop in commodity prices, one might expect dark days in the Russian oil and gas sector. Yes, revenues are down from the boom times of 2014, as they are everywhere. But at the same time Russian crude production […]
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