Saudi Arabia has the highest number of active rigs in its history
The global oil market has changed drastically since the last meeting of the Organization of Petroleum Exporting Countries (OPEC) in November 2014. However, the intentions of each of the 12 member countries have not, and likely will not change as the cartel’s June meeting approaches.

The cartel is scheduled to convene for the first time in more than seven months on June 5 in Vienna. The decision from the last meeting to maintain output sent oil prices and North America rig cou...

Legal Notice