Energy Sector

Drillers in the U.S. Add to Oil and Natural Gas Counts in the Week

Drillers in the U.S. Add to Oil and Natural Gas Counts in the Week

A closely followed report on Friday revealed that the U.S. drillers in the week added more oil rigs. Out of twenty six weeks, this is the fifth time that the oil drillers have added to the rig counts this year.

According to Baker Hughes Inc, the energy services firm, ten oil rigs were added in the week till July 8 and that makes the total count 351.

Shale Producers are Pacing Up Activity Nationwide

Shale Producers are Pacing Up Activity Nationwide

On Friday, crude futures increased slightly in the afternoon session as reports revealed that U. S. oil active rig counts moved up in the past week.

Recent Study Reveals US Holds More Oil Reserves Compared to Saudi Arabia and Russia

Recent Study Reveals US Holds More Oil Reserves Compared to Saudi Arabia and Rus

A recent study revealed that, the United States have higher oil reserves compared to Saudi Arabia and Russia. For the first the U.S has surpassed the oil reserves held by the largest oil exporting nations of the world.

Oil Prices Increase with Pre-Holiday Buying; Rig Counts Gain in the U.S

Oil Prices Increase with Pre-Holiday Buying; Rig Counts Gain in the U.S

On Friday, oil prices moved up before the July 4 holiday and Brent crude also posted its biggest weekly gain in more than a month.

Oil Prices Tumble with British Pound Facing a Fresh Fall

Oil Prices Tumble with British Pound Facing a Fresh Fall

After the results of 'Brexit' vote surfaced the crude oil prices tumble almost 6.8 percent on June 24 but according to some of the analysts, the supply and demand equation is continuing to favor th

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