Tuesday, April 28, 2026
Analysts have been publicly claiming that a drop in the value of the U.S. dollar is coming. Of course, this has implications for oil - Oil & Gas 360

WTI Closes Higher than $50 per Barrel

Today’s closing price represents a 2016 high for WTI oil prices Oil prices hit 2016 highs today, with U.S. crude benchmark WTI settling above $50 per barrel for the first time since July 21, 2015, when WTI closed at $50.36, the same closing price seen today. Concerns over unplanned supply interruptions in Nigeria, along with an expected crude oil storage

International Rig Count Up – First Time in 2016

The number of active international rigs increased to 955 in May The international rig count reached 955 in May, up nine from April, according to information from Baker Hughes Industries (ticker: BHI), which releases information on active international rigs once a month in addition to its weekly North American updates. Including rigs drilling in the U.S. and Canada, the total

Alaska Legislators Vote to Cut State’s Oil and Gas Tax Credits

Both the House and Senate passed versions of a new bill to overhaul the state’s oil and gas tax credits After intense bargaining and twelve versions of the bill, Alaska legislators in separate votes Monday approved changes to the state’s oil and gas tax credits as the state struggles with declining oil and gas revenues. House Bill 247 passed 21-19,

Tamarack Valley Energy canada-flag-3 Oil & Gas 360

Total Energy Services Increases 2016 Capital Expenditure Budget

CALGARY, ALBERTA–(Marketwired – June 6, 2016) – Total Energy Services Inc. (“Total”) (TSX:TOT) announces that it has increased its 2016 capital expenditure budget from $12.1 million to $17.2 million. This $5.1 million (USD 3.9 million) increase will be directed towards the acquisition of certain oil and gas rental equipment, oilfield transportation equipment and real estate located in the United States.