Oil futures climbed Friday from their lowest levels of the year, but tallied a third straight weekly fall amid rising U.S.

The number of oil rigs in the US increased by one in the week ended Friday, according to data compiled by energy services company Baker Hughes (BKR). The count for oil grew to 480 rigs from 479 last ...

The number of active rigs drilling for oil and gas in the U.S. rose by 4 to 586, a week after the count rose by 6, Baker Hughes said Friday in its latest weekly report. Despite the week's rig increase ...

U.S. energy firms this week added oil and natural gas rigs for a second week in a row for the first time since July 2024, ...

If demand rises with greater strength than expected in 2025, the oil price rally could be even more significant.

Firms were also asked in the Business Leaders’ Pulse in December about the expected impact of the new US ... and production point to a roughly 4% increase in capital expenditure budgets and about a 5% ...

President-elect Donald Trump is expected to make a big push for fossil fuels on January 20 through a series of executive orders aimed at boosting US oil and gas production and rolling back the ...

SEOUL :South Korea is interested in importing more U.S. oil and gas to diversify energy ... his first priority is expanding domestic energy production, including LNG.

The chief executive stated that the increase in rig count reflects ongoing efforts to boost upstream activities and enhance the country’s crude oil production capacity. A statement by the NUPRC ...

There will also be strong growth in oil production in general, including in the US's oil-rich Permian region, the agency said. It projects the region's share of US production will grow to account ...

US EIA’s (Energy Information Administration) January short-term energy outlook expected a downward oil price pressures over much of the next two years, as it expected global oil production to ...

OIL prices slipped on Tuesday after a US government agency forecast steady US oil demand in 2025 while lifting its forecast for supply. Declines were limited by new US sanctions on Russian oil exports ...