US Oil Drillers Back Off As Oil Prices Continue to Hurt
Friday, 2 May 2025 () The total number of active drilling rigs for oil and gas in the United States slipped this week, according to new data that Baker Hughes published on Friday, following a 2 rig increase in each of the two weeks prior. The total rig count in the US fell by 3 to 584 rigs, according to Baker Hughes, down 21 from this same time last year. The number of oil rigs fell by 4 to 479—down by 20 compared to this time last year. The number of gas rigs rose by 2 this week, to 101 for a loss of 1 active gas rigs from this time last year. Miscellaneous rigs…
Amid intensifying trade tensions with the U.S., China has cut its crude oil imports from Washington by 90%, turning instead to Canada as a key supplier. Bloomberg reports record shipments from Canada's..
Estonian authorities detain Russian 'shadow fleet'-linked oil tanker near Tallinn
Estonia detained a Russian-linked oil tanker near Tallinn for maritime law violations. The Kiwala, which authorities..
Credit: euronews (in English) Duration: 01:35Published
Oil prices have plunged to a four-year low, with Brent crude falling below $64 per barrel amid intensifying US-China trade tensions. The collapse follows Trump’s sweeping tariff move and China’s..
Friday, 2 May 2025 ()
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