Friday, August 7, 2026

Oil dives over 2%, below US$80 on resurgent COVID-19 pandemic in Europe

Reuters Oil prices fell on Friday below $80 a barrel as surging COVID-19 cases in Europe threatened to slow the economic recovery while investors also weighed a potential release of crude reserves by major economies to cool prices. Brent futures for January fell $2.24, or 2.8%, to $79.00 a barrel by 11:00 a.m. EST (1600 GMT). U.S. West Texas Intermediate

U.S. rig count increased by 7, is at 580- oil and gas 360

U.S. rig count increased by 7 this week, at 563

Oil and Gas 360 This week’s Baker Hughes rig count shows that U.S. had an increase of 7 over last week, resulting in a total count of 563 rigs. Canada had a decrease of 1 over last week, resulting in a total Canadian count of 167 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Eagle Ford,

What the House passage of Biden’s $2T tax and spending bill means for U.S. energy- oil and gas 360

What the House passage of Biden’s $2T tax and spending bill means for U.S. energy

World Oil WASHINGTON (Bloomberg) –The House on Friday passed a roughly $2 trillion bill incorporating the core of President Joe Biden’s economic agenda — ramping up funding for the social safety net and increasing taxes on corporations and the wealthy — sending it on to the Senate, where it’s likely to be significantly reshaped. The legislation will likely undergo several

Construction starts at America’s first major offshore wind farm- oil and gas 360

Construction starts at America’s first major offshore wind farm

CNBC Ground has been broken on a project dubbed the United States’ “first commercial scale offshore wind farm.” The construction’s kickoff, which took place on Thursday, represents another step forward for America’s fledgling offshore wind sector. Located in waters 15 miles off Martha’s Vineyard, near Cape Cod in Massachusetts, it’s hoped that the 800-megawatt Vineyard Wind 1 facility will start sending power

EnerCom and Colorado School of Mines announce preliminary participating companies for The Energy Venture Investment Summit, February 16 & 17, 2022 hosted in-person in Golden, Colorado

Oil and Gas 360 DENVER, Nov. 18, 2021 /PRNewswire/ — EnerCom, Inc., a nationally-recognized management consultancy, and Colorado School of Mines, a leading public research university focused on science and engineering, announced initial presenting company line-up for The Energy Venture Investment Summit presented by Colorado School of Mines and EnerCom, in-person and on campus in Golden, Colorado, on Wednesday, February 16th & Thursday, February 17th, 2022. EnerCom and Colorado School of Mines are actively