US Oil Drillers Continue to Back Off On Extended Price Slump
Friday, 13 June 2025 () The total number of active drilling rigs for oil and gas in the United States fell yet again this week, according to new data that Baker Hughes published on Friday, following a 4-rig decrease last week, and a 3-rig decrease the week before that. The total rig count in the US fell by 4 to 555 rigs, according to Baker Hughes, down 35 from this same time last year. The number of oil rigs fell by 3 to 439 after falling by 9 during the previous week—and down by 49 compared to this time last year. The number of gas rigs fell by 1 this week,…
EU proposes fresh sanctions on Russia's oil, banks, Nord Stream and 'shadow fleet'
The latest proposal of EU sanctions comes ahead of a summit of G7 leaders, where the revision of the price cap on Russian oil will be high on the agenda.
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Friday, 13 June 2025 ()
