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Oil Rig Count Sees Small Loss As WTI Recovers To $70

The total number of active drilling rigs in the United States rose by 1 this week after rising by 3 last week ....

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Canadian Oil & Gas Lashes Out over 'De Facto Production Cuts'

The proposed emissions cap would involve a cap-and-trade system that provides for some flexibility in reaching targets by allowing emitters to purchase offset credits or pay into a decarbonization fund to lower requirements to 20-23% ....

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Demand Fears And Supply Cuts Keep Oil Markets On Edge

Saudi Arabia’s extension of production cuts should, under normal circumstances, be a major upside for oil prices, but oil markets have been slow to respond to the additional output cuts ....

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Biden Admin Announces $300 Million Ukraine Aid Package As Counteroffensive Looms

The Biden administration announced a Ukraine assistance package valued at $300 million as Ukraine finalizes preparations for a counteroffensive. ....

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