Thursday, January 30, 2025
U.S. rig count had an increase of 1 this week, at 585- oil and gas 360

U.S. rig count increased by 5 this week, at 533

Oil and Gas 360 This week’s Baker Hughes rig count shows that U.S. had an increase of 5 over last week, resulting in a total count of 533 rigs. Canada had an increase of 2 over last week, resulting in a total Canadian count of 167 rigs. Breakdown by region Of the regions tracked by Baker Hughes, only The Eagle

China digs in on coal, oil gains as energy crisis deepens- oil and gas 360

China digs in on coal, oil gains as energy crisis deepens

Reuters China ordered miners in Inner Mongolia to ramp up coal production and oil prices jumped on Friday as a record surge in the cost of gas revived demand for the most polluting fossil fuels to keep factories open and homes heated. The rebound in economic activity from coronavirus restrictions has exposed alarmingly low supplies of natural gas leaving traders,

Oil rises as global energy crunch takes hold- oil and gas 360

Oil rises as global energy crunch takes hold

Reuters LONDON – Oil prices rose on Friday to trade 4% up on the week, buoyed by a global energy crunch that has helped gas prices to record highs and prompted China to demand increased coal production. Energy markets have tightened in the face of improved fuel demand as economic activity rebounds and coronavirus restrictions ease, with further pressure from