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Oil and fuel shipments through the Strait of Hormuz have been suspended.

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Oil breaks out

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US Oil Drilling Activity Slows as Oil Prices Jump

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US Oil and Gas Industry Faces Challenges Amid Record Production

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Fracking Companies Turn to Global Buyers for Idle Equipment

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Slowing U.S. shale growth has fracking companies finding new markets abroad

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Slowing USA Shale Growth Has Fracking Companies Finding New Markets

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Slowing US Shale Growth Has Fracking Companies Finding New Markets Abroad

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US Oil Drilling Activity Still Going Nowhere

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U.S. Rig Count Holds Steady as Oil Drilling Slips and Gas Activity Climbs

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US Oil Drillers Add Rigs Even in Price Uncertainty

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US Oil Drilling Continues to Flounder

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All Press Releases

Mexico’s Sheinbaum Considers More Fracking to Boost Pemex

In the swampy lowlands of Mexico’s Gulf Coast, Petroleos Mexicanos is pumping high-pressure jets of water, chemicals and sand into the ground to crack open natural gas-soaked rocks that are so hard they don’t yield to traditional drilling.

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Brent Price Eased over Demand, Supply Imbalance in August

Brent crude lost more than $4 in August, halting a three-month rally as the US moved to raise tariffs on India and fuel demand showed signs of slowing with the end of the summer driving season.

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Oil Rig Count Falls Again as Frac Crews Vanish

The total number of active drilling rigs for oil and gas in the United States fell again this week, according to new data that Baker Hughes published on Friday.

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US Oil Drillers Continue to Play It Safe

The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday.

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Dead Rigs Tell No Lies

A shiny graph, or perhaps a PowerPoint slide from Paris. Last week, we talked a good bit about the IEA’s oil illusion that has been putting pressure on oil markets.

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Oil Rig Count Stabilizes in Nervous Market

The total rig count in the US fell by 2 rigs for the second week in a row, landing at 540, according to Baker Hughes, down 46 from this same time last year.

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KLX Energy Services Reports Strong Q2 Growth Amid Challenges

Klx Energy Services Holdings (KLXE -0.53% ▼ ) has held its Q2 earnings call. Read on for the main highlights of the call.

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The U.S. Oil Shale Industry Is Doing More With Less

Despite facing challenges such as fluctuating oil prices and environmental regulations, the U.S. oil shale industry continues to increase production efficiency. By leveraging advanced technologies and optimizing operations, companies are extracting more resources while minimizing costs and environmental impact.

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Oil, Gas Rigs Still Near 3-Year Low Despite Weekly Bump

The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday.

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August 2025: Credit, Shale and Gridlocks

From gold’s resurgence to the entropy of crypto markets, this edition of Macro Moves dives deep into data breakthroughs and blind spots shaping our economic and financial reality.

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The Energy Report: OPEC Cuts Unraveled, Rigs Drop

The oil market is unraveling as OPEC unravels its production cuts.

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Oil Rig Count Falls Again as Frac Crews Vanish

The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday as operators continue to scale back.

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Shale Stumbles Again as U.S. Rig Count Drops Further

The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday as operators continue to scale back activity amid weak prices and cautious capital spending.

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Oil slips under $70 as OPEC+ output grows and U.S.-EU tariffs weigh

Oil prices fell below the key $70 per barrel mark last week as increased output from OPEC+ eased supply concerns, while renewed U.S. tariff threats under President Donald Trump weighed on global demand expectations.

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Oil prices seek stability around key $70 level

Rising OPEC+ output eases supply concerns as US tariff threats weigh on demand, push Brent below $70

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Baker Hughes Reports Uptick in U.S. Rig Count

The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, following a string of losses for US drillers.

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U.S. Oil Rigs Continue to Slump On Price Uncertainty

The total number of active oil and gas drilling rigs in the United States decreased by 2 to 537 this week, marking a continued slump.

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US Oil Drillers Continue to Back Off On Price Slump

The total number of active drilling rigs for oil and gas in the United States fell yet again this week, according to new data that Baker Hughes published on Thursday, following a 7-rig decrease in the week prior.

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US Oil Drilling Activity Slumps As Volatile Prices Spook Markets

The total number of active drilling rigs for oil and gas in the United States fell yet again this week, according to new data that Baker Hughes published on Friday, following a 1-rig decrease in the week prior.

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US Rig Continues to Sag amid Rising U.S. Crude Production

The total number of active drilling rigs for oil and gas in the United States fell yet again this week, according to new data that Baker Hughes published on Friday, following a 4-rig decrease in each of the two weeks prior.

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US Oil Drillers Continue to Back Off On Extended Price Slump

he total number of active drilling rigs for oil and gas in the United States fell yet again this week, according to new data that Baker Hughes published on Friday, following a 4-rig decrease last week, and a 3-rig decrease the week before that.

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U.S. Crude Production Set For A Decline Amid Low Oil Prices

Earlier in the year, U.S. Treasury Secretary Scott Bessent unveiled his ambitious“3-3-3” plan wherein the Trump administration will target real GDP growth of 3% per year.

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US Oil Drillers See Sharp Decline in Activity

The total number of active drilling rigs for oil and gas in the United States fell yet again this week, according to new data that Baker Hughes published on Friday, following a 3-rig decrease last week, and a 10-rig decrease the week before that.

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Wyoming's Oil Industry Showing Moderate Growth, According To Latest Projections

Oil from shale extracted from Wyoming’s Powder River Basin and Mowry formations still breaks even around $60 a barrel, according to new insights from an energy market research firm.

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