The number of oil rigs in the United States stood at 483 in the week ending April 25, increasing by two from the previous week, according to the Baker Hughes weekly rig count released on Friday. The rig count fell by 23 on an annual basis.The US gas rig count was up by one to 99 in the reported...
Crude oil prices declined by more than 1% on Friday after United States President said in an interview with Time magazine that he would consider it a "total victory" if his country still imposed trade duties of up to 50% by this time next year. Investors were also still digesting reports that OPEC+ may...
The Government of Russia announced on Thursday on its official Telegram channel that Russian Deputy Prime Minister Alexander Novak had a meeting with Iranian Petroleum Minister Mohsen Paknejad.The parties discussed key infrastructure projects in the energy sector. Another topic was the...
The prices of oil futures increased on Thursday as the conflicts in the Middle East and Ukraine continued without an apparent solution in sight.West Texas Intermediate (WTI) for June's settlements rose by 1.30% at 7:08 am ET to sell for $63.09 per barrel. Simultaneously, Brent for the same month's...
Commercial crude oil inventories in the United States, not taking into account those in the Strategic Petroleum Reserve, were up by 0.2 million barrels to 443.1 million barrels in the week ending April 18, the Energy Information Administration (EIA) revealed in its report on Wednesday.The country's...
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