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By: Bloomberg – European power prices extended last week’s drop, tracking natural gas futures lower as Russian supplies of the fuel are...
By: Collin Eaton – WSJ – The end of the oil boom is in sight for America’s fracking companies. Less than 3½...
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By: Hart Energy’s – Oil & Gas Investor – via Yahoo – While 2020 and first-half 2021 were overwhelmingly challenging for oil...
By: Emma Newburger – CNBC – The Biden administration on Monday announced it will send $1.15 billion to states to plug thousands...
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By: Christopher Helman – Forbes – Dallas billionaire Trevor Rees-Jones says he’s been running around “with my pants on fire” the last...
By: Emma Newburger – CNBC – The Los Angeles City Council on Wednesday voted to ban new oil and gas wells and...
By: Jordy Lee – ForeignPolicy.com – In October 2020, the French government blocked a $7 billion deal between Engie, a partially state-owned French...
Reuters: U.S. energy firms this week added the most oil rigs since March, boosting the oil and gas rig count for the first time in four weeks.
The total oil and gas rig count, an early indicator of future output, rose three to 622 in the week to Oct. 13. Despite this week's rig increase, Baker Hughes said the total count was still down 147, or 19%, below this time last year.
Oil rigs rose by four to 501 this week, while gas rigs fell by one to 117.
U.S. oil futures were up about 8% so far this year after gaining about 7% in 2022. U.S. gas futures, meanwhile, have plunged about 28% so far this year after rising about 20% last year.
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