The number of total active drilling rigs in the United States rose by 2 this week, after an increase...
The number of total active drilling rigs in the United States rose by 2 this week, after an increase of 4 rigs in the week prior, according to new data from Baker Hughes published on Friday.
The total rig count increased to 695 this week—257 rigs higher than the rig count this time in 2021 and the highest count since April 2020. Drilling has picked up substantially since the Russia invasion, adding 45 rigs in the last eight weeks.
Oil rigs in the United States rose this week by 1 rig to 549, while gas rigs rose by 1 to 144. Miscellaneous rigs stayed the same at 2.
Get the total breakdown of the US Rig Count by visiting the OKM's proprietary rig count dashboard, and find out which Oklahoma County had the most rigs running last week.
Mexico Tells Oil Giant Pemex ‘You’re on Your Own’ to Cover Debt Payments
(Bloomberg) -- Petroleos Mexicanos bonds tumbled to fresh lows as the state-owned oil giant prepares...
(Bloomberg) -- Petroleos Mexicanos bonds tumbled to fresh lows as the state-owned oil giant prepares to resume paying its own debt maturities, halting a government policy of covering its amortizations.
Pemex has the cash flow to make its debt payments, Mexico Finance Minister Rogelio Ramirez de la O said at an event in Washington on Thursday, confirming earlier reports.
“To the extent that they do have this cash flow and they can make the payments, they will be making their payments,” Ramirez said, adding that the government would be fully behind Pemex should the Covid-19 pandemic worsen again and the company needed its support.
Benchmark U.S. crude oil for June delivery fell...
Benchmark U.S. crude oil for June delivery fell $1.72 to $102.07 a barrel Friday. Brent crude for June delivery fell $1.68 to $106.65 a barrel.
Wholesale gasoline for May delivery fell 3 cents to $3.31 a gallon. May heating oil rose 4 cents to $3.94 a gallon. May natural gas fell 42 cents to $6.53 per 1,000 cubic feet.
Halliburton Co. fears it faces the Russian government's seizure of its $340 million in assets...
Halliburton Co. fears it faces the Russian government's seizure of its $340 million in assets in the country.
On Friday, the oilfield services company came out with a warning about the possible loss of its holdings in Russia after it suspended operations there following the start of Russia’s invasion of Ukraine reported Reuters.
Dow finishes nearly 1,000 points lower in worst day since October 2020
U.S. stocks fell sharply on Friday to suffer their biggest one-day drop since 2020,...
U.S. stocks fell sharply on Friday to suffer their biggest one-day drop since 2020, as investors continued to weigh hawkish comments on interest rates a day earlier by Federal Reserve Chairman Jerome Powell, as well as a fresh batch of corporate earnings that largely disappointed.
The Dow Jones Industrial Average DJIA fell 981.36 points, or 2.8%, to close at 33,811.40, after declining 1,019 points at its session low. The blue-chip gauge saw its steepest one-day percentage loss since Oct. 28, 2020.
The S&P 500 SPX dropped 121.88 points, or 2.8%, to end at 4,271.78.
The Nasdaq Composite COMP finished at 12,839.29 after a drop of 335.35 points, or 2.6%. The S&P 500 and Nasdaq each suffered their biggest one-day drops since March 7.
The Dow and S&P 500 on Friday posted their lowest finishes since March 15, while the Nasdaq closed at its lowest since March 14.
