Thursday, July 3, 2025
Canada’s economy suffers setback on oil-production slowdown- oil and gas 360

Canada’s economy suffers setback on oil-production slowdown

World Oil (Bloomberg) — Canada’s economic expansion suffered a minor setback last month after a robust start to the year, driven by a drop in oil production.   Preliminary data show gross domestic product contracted by 0.2% in May as output slid in oil and gas, manufacturing and construction sectors, Statistics Canada reported Thursday in Ottawa. That followed a strong

U.S. rig count had an increase of 1 this week, at 585- oil and gas 360

U.S. rig count had a decrease of 3 this week, at 750

Oil and Gas 360 This week’s Baker Hughes rig count shows that U.S. had a decrease of 3 over last week, resulting in a total count of 750rigs. Canada had an increase of 12 over last week, resulting in a total Canadian count of 166 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Ardmore Woodford, and

Texas oil and gas regulatory chairman applauds Supreme Court’s rollback of EPA overreach- oil and gas 360

Texas oil and gas regulatory chairman applauds Supreme Court’s rollback of EPA overreach

World Oil AUSTIN – The U.S. Supreme Court’s decision on the Environmental Protection Agency’s (EPA) federal overreach with the Clean Air Act is a win for good government, American energy producers and for hardworking taxpayers who simply need cheap, plentiful and reliable energy, Railroad Commission of Texas Chairman Wayne Christian said. “SCOTUS is on a roll and continues to get

OPEC+ ratifies August oil-production increase, leaves next move unresolved- oil and gas 360

OPEC+ ratifies August oil-production increase, leaves next move unresolved

World Oil (Bloomberg) — The OPEC+ coalition ratified an oil-production increase that completes the return of supplies halted during the pandemic, while deferring discussions on its next move for another day. The 23-nation group led by Saudi Arabia rubber-stamped plans to add 648,000 barrels a day in August, restoring the final tranche of the 9.7 million barrels a day that