In its last weekly release, Baker Hughes Company BKR stated that the U.S. rig count was lower than the prior week’s figure.

Despite deregulation efforts and calls for increased production, U.S. oil drilling activity has fallen to near post-pandemic ...

U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row to the lowest ...

The US rig count continues to fall, with the number of oil and gas rigs deployed declining amid rising oil prices ...

- Experts say China's latest stimulus plan falls short in meeting investor expectations, while market players question how ...

Oil prices settled lower on Friday but notched their fourth straight weekly gain, as the latest U.S. sanctions on Russian ...

The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

Nigeria’s oil production has hit a rough patch despite a 100 percent increase in the number of active drilling rigs in a ...

The overall drilling rig count in North America is up 9 units during the week ended Jan. 17, with Canada’s double-digit oil-directed rig count increase leading the way.

The Nigerian Upstream Petroleum Regulatory Commission says the country’s oil rig count has risen to 32. The NUPRC Chief Executive, Gbenga Komolafe, announced this during his recent appearance ...

- EIA estimates international benchmark Brent crude to average $80.95 per barrel in 2024 and $77 in 2025 ...