Tag Archives: Oil

Baker Hughes, Friday, reported that the number of active U.S. drilling oil rigs rose by eight at 373 this week. The report signals a second successive weekly rise as last week, the oil rig count rose by six so, the total active U.S. rig count, including rigs drilling for natural …

Oil prices fell on Friday, September 17, but settled above $75 a barrel and remained on track for a weekly gain of more than 3 percent thanks to a slow recovery in US production after two hurricanes in the Gulf of Mexico. Brent crude futures fell 27 cents, or 0.36 …

Oil, Crude, trading

Oil prices fell today, giving up some of yesterday’s big gains on the back of a larger-than-expected drop in US crude oil inventories. Brent crude was down 12 cents, or 0.2 percent, at $75.34 a barrel, after rising 2.5 percent in the previous session. West Texas Intermediate crude fell 14 …

Oil, Crude, trading

Oil prices rose on Wednesday after data showed a larger-than-expected drop in crude stocks in the United States, the world’s largest fuel consumer, and amid expectations of a recovery in demand with the expansion of vaccinations. Brent crude rose $1.08, or 1.5 percent, to $74.68 by 1226 GMT, while US …

Oil prices rose on Wednesday, September 15th, after data showed a larger-than-expected decline in crude stocks in the United States, the largest consumer of fuel in the world, in addition to expectations of a recovery in demand with the expansion of vaccinations. But the decline in China’s consumption of crude …

Oil, Crude, trading

Oil prices hit a six-week high on Tuesday on fears that another storm could affect production in Texas this week, even as the US crude industry struggles to return to normal production levels after Hurricane Ida wreaked havoc on the Gulf Coast. Oil prices rose for the third consecutive session, …

Hurricane Ida halted production of about 1.7 million barrels of oil per day at the end of August, the International Energy Agency said Tuesday, August 14th. The authority added that oil stocks of the OECD countries fell by 34.4 million barrels in July to 2.850 billion barrels. The agency cut …