Brent oil may need a Fed pivot and a successful China reopening to turn the corner, but prices could bounce up quickly above $90 per barrel if these…
Norway: Oil Fund Investments In Russia Now Worthless
As the war in Ukraine escalates, many companies and countries are siding with Ukraine and are cutting ties with business endeavors in Russia. Norway is following suit as it has written off Russian assets in its $1.3 trillion wealth fund.
Halliburton Readies for Years of Expansion
(Bloomberg) — For the first time in seven years, Halliburton Co., the biggest provider of fracking services, is expanding in both U.S. and foreign markets as spending…
Oil and gas drilling activity is bouncing back quickly following last year’s market crisis
Onshore drilling activity is expected to increase by 12% from the 46,000 wells drilled in 2020 to about 51,700 wells in 2021, before climbing by another 19% in 2022 to reach around 61,700 wells.…