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• U.S. oil drilling rig count steady after 8 weeks of hikes
  U.S. energy firms this week cut the number of oil and...

  U.S. energy firms this week cut the number of oil and natural gas rigs operating for a fourth week in a row for the first time since September 2023, energy services firm Baker Hughes said in its closely followed report on April 12.

  
  The total oil and gas rig count, an early indicator of future output, fell by three to 617 in the week to April 12, the lowest since November.  Baker Hughes said that puts the total rig count down 131, or 18%, below this time last year.
  
  Oil rigs fell by two to 506 this week, while gas rigs decreased by one to 109, their lowest since January 2022.
  
  The oil and gas rig count dropped about 20% in 2023 after rising by 33% in 2022 and 67% in 2021, due to a decline in oil and gas prices, higher labor and equipment costs from soaring inflation, and as companies focused on paying down debt and boosting shareholder returns instead of raising output.
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• What we know about Iran's attack on Israel | BBC News
  Experts say Tehran does not want a broader war. But it is far from clear whether Iran or Israel will...
  Experts say Tehran does not want a broader war. But it is far from clear whether Iran or Israel will choose to escalate a conflict that has become more direct and out of the shadows.
  
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• Wildcatter Herbert Hunt, 95, Passes Away
  The founder of top 10 U.S. privately-held petroleum producer Petro-Hunt...
  The founder of top 10 U.S. privately-held petroleum producer Petro-Hunt LLC, William Herbert Hunt, passed away on April 9. He was 95.
  
  A son of East Texas oil wildcatter H.L. Hunt, he grew his Dallas-brd Petro-Hunt to operations globally and across the U.S., including in the Permian, Williston and Powder River basins and in the Eagle Ford Shale.
  
  Domestically and globally, Petro-Hunt was instrumental in some of the largest oil discoveries in the world. In 1961, Hunt and his brother Nelson Bunker Hunt discovered the Sarir Field in Libya, one of the largest oil fields onshore Africa.
  
  Later, the family opened the North Sea with Placid Oil’s discovery in the 1970s on Block L 10/11.
  
  Obituary HERE
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• Closing Oil & Gas Prices for Friday
  Benchmark U.S. crude oil for May delivery ...
  Benchmark U.S. crude oil for May delivery rose 64 cents to $85.66 per barrel Friday. Brent crude for June delivery rose 71 cents to $90.45 per barrel.
  
  Wholesale gasoline for May delivery rose 3 cents to $2.80 a gallon. May heating oil rose 3 cents to $2.69 a gallon. May natural gas rose 1 cent to $1.77 per 1,000 cubic feet.
  
  
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• Dow books biggest weekly loss since March 2023 as stocks slide on Mideast fears
  U.S. stocks ended sharply lower Friday, with the Dow Jones Industrial...
  U.S. stocks ended sharply lower Friday, with the Dow Jones Industrial Average booking a large weekly loss on investor anxiety over inflation and geopolitical tensions in the Middle East.
  
  The Dow Jones Index dropped 475.84 points, or 1.2%, to close at 37,983.24.
  
  The S&P 500 fell 75.65 points, or 1.5%, to finish at 5,123.41
  
  The Nasdaq Composite lost 267.10 points, or 1.6%, to end at 16, 175.09.
  
  For the week, the Dow sank 2.4%, the S&P 500 slid 1.6% and the Nasdaq declined 0.5%. The Dow suffered its biggest weekly percentage loss since March 2023, while the S&P 500 saw it worst week since October, according to Dow Jones Market Data.
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