TOINNOV - Breaking Energy & Business News

more than 10 000 people every month reads TOINNOV learn more
learn more



TOP STORIES
Australia oil and gas companies may be accused of not paying taxes

The Australian Ministry of Finance starts the investigation on oil and gas companies which work in c...


Number of American oil rigs increases for two weeks in a row



The US rig count rose again the week, by 3 to 328.



14.Jun.16 6:32 AM
By Anastasia Sutulova
Photo INNOV.RU

   135

Number of American oil rigs increases for two weeks in a row

This tendency shows that some oil companies decided to bring rigs online. The reason is clearly the rise of the oil prices that rebounded and headed towards $50 per barrel. Last week the number of oil rigs increase by 9, first time in 2016.

Moreover, the count of gas rigs rose, too, by 6 to 414. Last week it fell by 5, in comparison with the previous week, but the total rose by 4 and amounted 408.

Following the rig-count data on Friday, West Texas Intermediate crude futures in New York fell by 2.5% and stopped at $49.27 per barrel. It is lower than the best levels of the year reached earlier this week.




Back to the list


Related Information: