Wednesday, February 26, 2025
Aramco topping Apple shows oil is king in energy-short 2022- oil and gas 360

Aramco topping Apple shows oil is king in energy-short 2022

World Oil (Bloomberg) — Saudi Aramco taking the crown of the world’s most valuable company from Apple Inc. underscores investors’ appetite for oil and gas as the countries around the globe battle rampant inflation and fear of energy shortages. Buying the future through tech stocks is taking a back seat to the concerns of the present, as fossil fuels reassert their critical

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

U.S. rig count had an increase of 9 this week, at 714

Oil and Gas 360 This week’s Baker Hughes rig count shows that U.S. had an increase of 9 over last week, resulting in a total count of 914 rigs. Canada had a decrease of 3 over last week, resulting in a total Canadian count of 88 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Arkoma Woodford,