Post Tagged with: "US drillers"
U.S. drillers cut the most oil and gas rigs in a month since June 2020 – Baker Hughes
U.S. energy firms in February cut the most oil and natural gas rigs in a month since June 2020, with the gas rig count falling to the lowest since April, energy services firm Baker Hughes Co BKR.O said in …
Why overly confident U.S. drillers ditched their hedges
Hedging is a popular trading strategy frequently used by oil and gas producers, airlines and other heavy consumers of energy commodities to protect themselves against market fluctuations. During times of falling crude prices, oil producers normally use …
As oil nears $100 a barrel, U.S. drillers get busy in costly shale basins
DENVER, Feb 8 – As U.S. oil rises toward $100 a barrel, producers in some high-cost shale basins are buying properties and adding rigs and frack crews in places that fell silent when prices crashed early in the pandemic …
U.S. drillers add oil and gas rigs for sixth time in seven weeks -Baker Hughes
U.S. drillers this week added oil and natural gas rigs for the sixth time in seven weeks as demand for energy keeps growing after last year’s coronavirus demand destruction.
That rig count increase comes despite oil price declines …
U.S. drillers add oil and gas rigs for second week in a row – Baker Hughes
U.S. energy firms this week added oil and natural gas rigs for a second week in a row as crude prices rose to their highest since 2018, prompting some drillers to return to the wellpad.
The oil and gas …
Big U.S. oil drillers have federal permits to mute effect of any Biden ban
U.S. President Joe Biden’s promised ban on new oil and gas drilling on federal lands would take years to shut off production from top shale drillers because they already have stockpiled permits, according to Reuters interviews with executives.
But …
Oil prices rise, on pace for more than 30% gain this week
Oil jumped more on Thursday and was on track for its second best week in history as a number of bullish factors supported prices, including U.S. companies cutting production, Saudi Arabia raising its official oil selling price and gasoline …
Oil markets in ‘inflection phase’ after historic week of trade, Goldman Sachs says
The widow-making collapse in oil prices came to a pause in Asia trade on Thursday, but analysts aren’t convinced that the worst sell-off in oil market history is over yet.
“We think that this is the inflection phase,” Goldman …
Drowning in crude, U.S. drillers say Trump strategic reserve plan is no lifeline
NEW YORK – President Donald Trump’s plan to fill the U.S. emergency crude oil stockpile has become the centerpiece of his administration’s strategy to shield drillers from a meltdown in energy demand – but company officials and industry groups …
Saudi Arabia is the winner from oil’s historic price plunge, analysts say
Saudi Arabia will be best positioned to weather the impact of an unprecedented collapse in U.S. oil prices, energy analysts told CNBC on Tuesday.
It comes at a time when the market is awash with crude, storage tanks …
Trump administration working to ease drilling industry cash crunch
Reuters
WASHINGTON – The Trump administration is seeking to ease a severe cash crunch in the drilling industry by raising loan limits available under a coronavirus stimulus package and by barring lenders from discriminating against drillers, according to Energy Secretary …
U.S. calls on Saudis to halt plan to unleash record oil supply
The Trump administration is pressing Saudi Arabia to dial back its plan to flood the oil market after a price war with Russia sent crude prices crashing to their lowest levels in almost two decades.
While its status …
U.S. oil drillers cut rigs for seventh consecutive week: Baker Hughes
U.S. energy firms reduced the number of oil rigs operating for a seventh week in a row as year-long declines in the rig count have only curbed growth of record U.S. production, prompting OPEC to deepen cuts in an effort …
