U.S. rig count increased by 5 this week, at 533

Oil and Gas 360 This week’s Baker Hughes rig count shows that U.S. had an increase of 5 over last week, resulting in a total count of 533 rigs. Canada had an increase of 2 over last week, resulting in … The post U.S. rig count increased by 5 this week, at...

Oil rises as global energy crunch takes hold

Reuters LONDON – Oil prices rose on Friday to trade 4% up on the week, buoyed by a global energy crunch that has helped gas prices to record highs and prompted China to demand increased coal production. Energy markets have … The post Oil rises as global...