U.S. rig count, a leading indicator of U.S. oil and gas production published weekly by Baker Hughes, increased in the week ended Aug. 21 for the first time since the price collapse that began in early March of this year. Following the 10 rig gain in mid-August, the count has only experienced small ... READ MORE >
The perfect storm: Tough times ahead for the U.S. shale industry
A swift drop in oil demand from China and the oil price war between Saudi Arabia and Russia have led to a global crude surplus. The oil industry in the United States faces tough times ahead as the coronavirus pandemic continues to inject uncertainty into oil markets, and shale producers especially are ... READ MORE >