Crude Oil Brent
94.2
Crude Oil WTI
88.32
Natural Gas
7.028
US Rig Count
765
CA Rig Count
213
Int. Rig Count
860
News
October 06, 2022
OPEC+’s decision to lower its oil-production cap may set the stage for higher prices that would enable U.S. explorers to expand drilling, according to shale entrepreneur Matt Gallagher.
News
October 05, 2022
It’s the biggest reduction by the Organization of Petroleum Exporting Countries and its allies since 2020, but will have a smaller impact on global supply than the headline number suggests. Several member countries are already pumping well below their quotas.
News
October 06, 2022
U.S. President Joe Biden said he’s disappointed by the surprise OPEC+ decision to slash oil production but that he doesn’t regret a trip to Saudi Arabia just three months ago in which he urged its leaders to keep crude flowing.
News
October 05, 2022
Speaking at the Energy Intelligence Forum, ADNOC CEO H.E. Dr. Al Jaber said market sentiment does not reflect the real underlying fundamentals, tight spare capacity and long-term demand growth.
News
September 2022
Drilling should pick up steam this year, gaining more than 18%, as nearly all regions will see activity increase. Development should thrive, as the world looks for additional sources of crude oil and natural gas.
News
September 2022
The price is here. Drilling is up. But the outlook remains uncertain, as Canada wrestles with climate policies that do not align with the realities of demand, global markets, and security of supply.
News
September 2022
The loss of Russian crude supplies and the lingering effects of Covid-19 have driven oil prices to multi-year highs. U.S. operators have shown restraint, but according to World Oil’s mid-year forecast, a further activity increase is in the offing.
Crude Oil Brent
94.2
Crude Oil WTI
88.32
Natural Gas
7.028
US Rig Count
765
CA Rig Count
213
Int. Rig Count
860
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