David Gaffen, (Reuters) The oil industry has been hit by a simultaneous demand and supply shock in March as the coronavirus pandemic...
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Journal Record – Oklahomans who filed 17,720 initial claims for unemployment benefits last week shattered a nearly 30-year-old record. The previous record...
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The U.S. monthly oil rig count rose for the first time since November after drillers added rigs for a third week in a row, in the report issued on Friday. The total oil and gas rig count, an early indicator of future output, rose one to 625 in the week to Oct. 27.
U.S. oil rigs rose by two to 504 this week, while gas rigs fell by one to 117. For the month, drillers added a total of two rigs, putting the total oil and gas count up for the first time since March.
U.S. oil futures were up about 6% 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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