By Reuters Staff
2 Min Read
(Reuters) - U.S. energy firms added the most number of oil rigs in a week since January 2020 as higher oil prices in recent months have prompted drillers to return to the wellpad.
FILE PHOTO: A pulling rig is erected at an oil well in the middle of a cotton field to swab the well in Seminole, TX, U.S. September 19, 2019. Picture taken September 19, 2019. REUTERS/Adria Malcolm
The combined oil and gas rig count, an early indicator of future output, rose 13 to 430 in the week to April 1, its highest since April 2020, energy services firm Baker Hughes Co said in its closely followed report on Thursday.
By Reuters Staff
2 Min Read
People gather to get fuel at a petrol station in Khartoum, Sudan November 4, 2016. REUTERS/Mohamed Nureldin Abdallah
KHARTOUM (Reuters) - Petrol and diesel prices in Sudan rose sharply on Friday following fuel subsidy reforms, which are part of a series of economic measures that have helped set the country on course for substantial debt relief.
Petrol prices rose by about 23% and diesel prices increased by more than 8% at fuelling stations, a Reuters witness said.
The price of petrol at several stations in the capital Khartoum had risen to 150 Sudanese pounds ($0.4) from 122 pounds per litre, while the price of diesel had risen to 125 pounds from 115 pounds.
The Israeli and Egyptian energy ministers have agreed to build a pipeline to connect Israel's offshore Leviathan natural gas field to liquefied natural gas (LNG) terminals in northern Egypt, the Israeli minister said on Sunday.
U.S. oil output from seven major shale formations is expected to decline by about 46,000 barrels per day (bpd) in April to about 7.46 million bpd, the U.S. Energy Information Administration said in a monthly forecast on Monday.
Egypt aims to produce 7.2 billion cubic feet of natural gas per day in the 2021-2022 financial year which starts in July, the petroleum ministry said on Sunday.