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...
Reuters China ordered miners in Inner Mongolia to ramp up coal production and oil prices jumped on Friday as a record surge in the cost of gas revived demand for the most polluting fossil fuels to keep factories open and … The post China digs in on coal, oil...
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...
Reuters LONDON (Reuters) – Royal Dutch Shell warned on Thursday of a $400 million hit to third-quarter earnings from the damage caused by August’s Hurricane Ida. However, in an update ahead of quarterly results this month, the oil major also … The...
World Oil HOUSTON (Bloomberg) – U.S. shale oil production will expand at a “modest rate” over the next 18 months even as prices touch multiyear highs, according to BloombergNEF, leaving OPEC in a powerful position as the world cries out … The...
CNBC Even with the current drive toward more renewable energy sources, global carbon emissions are going to increase through 2050, unless there are significant changes in policy or technology between now and then. That’s according to a new...
