Friday, April 11, 2025
Oil & Gas 360

Oil Rigs Down 63% from a Year Ago

The U.S. continues to lay down rigs drilling for oil The number of rigs active in the U.S. continued to drop this week as markets continue to balance the oversupply in global oil output. The total number of rigs drilling in the U.S. declined for an eighth straight week as rigs targeting oil continued to come offline, according to the

WTI-WCS differential to keep a $20/bbl ceiling in coming months

Story by the OilSandsReview.com Canadian heavy crude oil prices were put through the ringer between mid-August and mid-September Movements in both prices and the price differential were wide and fast, so much so that both improved rapidly over the period. The prior widening of the light-heavy crude oil price differential in July and early August was driven by a significant

United Continental CEO Oscar Munoz Suffers Heart Attack

Story by The Wall Street Journal Oscar Munoz, the new chief executive of United Continental Holdings Inc., suffered a heart attack Thursday and is being treated at a Chicago hospital, people familiar with the matter said—the second major leadership shock in recent weeks for the world’s second-largest airline by traffic. United directors “are waiting to hear back from his family