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...

China digs in on coal, oil gains as energy crisis deepens

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...

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...