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Tag: U.S. oil futures

  • Commodity Market

US rig count for oil and gas declines to lowest level since January 2022 – Baker Hughes

Mahalakshmi@fastura.com1 year ago04 mins

Energy services provider Baker Hughes (BKR.O), opening a new tab stated in its widely watched report on Friday that U.S. energy companies reduced the number of oil and natural gas rigs operating this week to the lowest since January 2022. In the week ending June 7, the number of oil and gas rigs declined by…

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  • Commodity Market

Crude oil prices decline as US production reaches a new high

Mahalakshmi@fastura.com2 years ago02 mins

With the United States producing an expected 13.3 million barrels of crude oil per day, the price of crude oil fell by -1.39% to settle at 5943. Oil prices were further pressured by this increase in crude output, which was up 200,000 barrels per day from the previous week. The downward pressure was also fueled…

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