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U.S. Oil Drilling Activity Picks Up Amid Rising Crude Prices

The total rig count rose to 761 this week 126 rigs higher than the rig count this time in 2022 and 314 rigs lower than the rig count at the beginning of 2019 ....

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Oil Prices Continue To Slide On Rising US, EU Inventories

After rebounding by some 5% earlier this week on China demand recovery optimism, crude oil prices have shed over 1% on Thursday, following U.S. inventory data showing increasing stockpiles ....

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Total Puts Investment In $50 Billion Hydrogen Project On Hold

TotalEnergies is holding off on its investment in embattled Adani Group’s $50 billion hydrogen project, calling for clarity over the emergence of allegations against Adani ....

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Oil Up For 3rd Day In a Row As Fed Proves Less Hawkish

Brent crude is up 1.55% today, rising for the third day in a row following Federal Reserve Chairman Jerome Powell’s unexpectedly less hawkish statement on Tuesday, which appears to have given risk appetites a bit of a boost ....

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High Oil Prices Help To Send U.S. Trade Deficit To Nearly $1 Trillion

High oil prices have helped to send the U.S. international trade deficit to nearly $1 trillion, according to a Tuesday release by the Bureau of Economic Analysis ....

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