The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 588, up 44 from this same time last year. The number of active oil rigs rose
The weekly Baker Hughes oil rig count showed a gain of 7 to 452. The Gas rigs were unchanged at 126 and Total rigs rose by 7 to 588 Versus a year ago, oil rigs are up from 422 while gas rates are up from 117. The price of crude oil today is up by $2.36 at $81.30. Th
Carlyle Group Chief Strategy Officer, Jeff Currie, has declared that the global oil market's "illusion of abundance" has vanished, warning that the market has rapidly transitioned from a standard supply deficit into a structural energy shortage. According to the former hea
Escalating U.S.-Iran hostilities, attacks on critical infrastructure, and near-halted Hormuz tanker traffic are fueling expectations of higher oil prices. Friday, July 17, 2026 US forces striking civilian infrastructure in Iran, Tehran attacking a Kuwaiti power and desalin
WTI Oil rises 2.76% to $81.10 West Texas Intermediate (WTI) trades around $81.10, up 2.76% on the day. Geopolitical tensions in the Middle East are driving the price increase. WTI is heading for a weekly gain of more than 13% due to supply concerns.
West Texas Intermediate (WTI) trades around $81.10 at the time of writing on Friday, up 2.76% on the day, and is heading for a weekly gain of more than 13% as geopolitical tensions in the Middle East continue to escalate. The conflict intensified after the United States (U
Oil prices oscillate between key technical levels, with buyers defending support at $77.84 and sellers capping gains at $81.25. US crude oil futures continue to trade within a tight $77.90 to $81.25 range, reflecting indecision as traders await a clear directional break. T
Artificial intelligence has been the dominant investment theme for much of the year, supporting technology stocks, corporate valuations and expectations for long-term earnings growth. However, rising oil prices are beginning to shift investor attention back toward inflatio
Geopolitical tensions in the Bab al-Mandab strait drive Brent up nearly 12% since last week amid fears of supply disruptions. Brent crude prices have climbed nearly 12% since last Friday as Iran threatens to block the Strait of Bab al-Mandab, a critical route for Saudi oil
ConocoPhillips buys 42% stake in BP's Iraq Kirkuk oil project ConocoPhillips has agreed to acquire a 42% interest in BP Energy Company of Kirkuk Limited, expanding its exposure to long-life, low-cost conventional resources. The agreement gives ConocoPhillips a stake i
ادخل بحساب جوجل لمشاركة رأيك والتفاعل مع الأخبار — بلا كلمة مرور.
إيميلك يبقى موثّقاً وخصوصيتك محفوظة.