"If oil does go into lower $60s or upper $50s, public independents that are already capital disciplined are going to have to cut their budget and cut rigs," said Bryan Sheffield, founder of energy ...

Experience the reasons behind the high salaries of workers on offshore oil rigs, where harsh conditions and demanding work lead to significant financial rewards. These employees endure extreme ...

Companies struggle to drill profitably below $65 a barrel, and rising input costs further discourage drilling, potentially benefiting OPEC and impacting rig counts. US President Donald Trump moved on ...

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, following a 2 rig dip in the prior week.

(Reuters) - U.S. energy firms this week cut oil rigs by the most in a week since June 2023, lowering the total oil and natural gas rig count for a third consecutive week, energy services firm ...

In commodity news, oil traded down 4.5% to $59.55 while gold ... with Japan's Nikkei 225 jumping 9.13%, China's Shanghai Composite gaining 1.16% and Hong Kong's Gang Seng index rising 2.06%.

Oil prices jumped more than four percent while ... telling reporters that "you have to be flexible." "People were jumping a little bit out of line, they were getting yippy, a little bit afraid ...