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U.S. Baker Hughes Oil Rig Count Rise
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👤Arthur Greene
🕔December 9, 2016
The US oil rig count jumped this week by 21 to 498, the biggest increase since July 2015 according to driller Baker Hughes.
The increase is the sixth weekly increase in a row, with only one weekly decline taking place over the past six months.…
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👤Arthur Greene
🕔November 16, 2016
Oil explorers in the U.S. state of Texas said they’ve discovered the largest deposit of shale oil in a region known as the Permian Basin.
The so-called Wolfcamp formation, explorers believe, could hold up to 20 billion barrels of oil, worth up to $900 billion.…
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👤Isaac Ndegwa
🕔August 15, 2016
Prospects continue to look high for oil producers as crude oil prices continue to recover. A lot of the excitement is felt in the USA too, as new reports show that the USA is likely to remain resilient even if the are weak oil prices.…
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