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US Oil Production Falls to Lowest Point Since 2018

2020-06-17 22:00:00| OGI

Crude oil stockpiles in the U.S. rise to record high as imports from Saudi Arabia remain elevated.

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US Oil, Gas Rig Count Falls to Record Low for Fifth Consecutive Week

2020-06-05 19:31:21| OGI

The U.S. oil and gas rig count fell by 17, or 6%, to an all-time low of 284, according to data from Baker Hughes Co.

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North American Oil, Gas Rig Count Falls to Record Lows

2020-05-22 19:30:48| OGI

The U.S. rig count, an early indicator of future output, fell by 21 to a record low 318 in the week to May 22, according to data from energy services firm Baker Hughes Co.

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IEA Warns Oil Market Falls Too Big to Offset with Output Cuts

2020-04-15 15:11:54| OGI

The IEA forecast a 9.3 MMbbl/d drop in demand for 2020 despite what it called a solid start by producers following a record deal to curb supply in response to the coronavirus pandemic.

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Oil Exploration Activity Falls in Norway, Output Maintained

2020-04-08 15:11:49| OGI

Companies operating on the Norwegian Continental Shelf, including Equinor, Aker BP and Lundin Energy, have already announced capital spending and exploration cuts to save cash.

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