Thursday, August 20, 2026
U.S. calls on Saudis to halt plan to unleash record oil supply- oil and gas 360

U.S. calls on Saudis to halt plan to unleash record oil supply

Houston Chronicle 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 as the world’s biggest producer means the U.S. is sheltered in part from the collapse, the administration wants Saudi Arabia

U.S. oil drillers cut rigs for seventh consecutive week: Baker Hughes- oil and gas 360

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 to bolster prices amid a global glut. Drillers cut five oil rigs in the week to Dec. 6, bringing the