U.S. energy firms this week reduced the number of oil rigs operating for a sixth...
- U.S. energy firms this week reduced the number of oil rigs operating for a sixth week in a row as producers cut spending on new drilling and completions leading to lower production growth forecasts.
That is the most weekly declines in a row since March when drillers also cut rigs for six consecutive weeks.The oil rig count, an early indicator of future output, has declined over the past eight months as independent exploration and production companies cut spending on new drilling as they focus more on earnings growth instead of increased output.
U.S. crude futures CLc1 traded above $54 per barrel on Friday, putting the contract on track to fall about 2% for the week on a report from the International Energy Agency that projected demand would grow by its least since the financial crisis of 2008. [O/R] Cowen said independent producers expect to spend about 11% less in 2019, while major oil companies plan to spend about 16% more.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Danny Baker to record new podcast with Gary Lineker weeks after racism rowGary Lineker announced that they are set to return with a second series of their podcast show 'Behind Closed Doors'
Baca lebih lajut »
Lacey Baker Is Shredding the Male-Dominated World of Skateboarding'I’m using my privilege to hopefully broaden the horizons for the LGBTQ+ community to come, especially in skateboarding.' –laceybaker
Baca lebih lajut »
Olivia Attwood ignores ex Chris Hughes as she promotes Love Island in CanadaOlivia ignored Chris' presence in the poster which is promoting Love Island in Toronto also features Amber Gill and Tommy Fury
Baca lebih lajut »
Baker Mayfield Rips Horns Down Rule, 'I Think It's Very Soft'Baker sounded off on the rule during his appearance on 'Pardon My Take.'
Baca lebih lajut »
Flat-Earther Mike Hughes set to launch himself into the air in another homemade rocketHughes' rocket measures just over 20 feet in length and is powered by 'superheated water.'
Baca lebih lajut »
Danny Baker to record new podcast with Gary Lineker weeks after racism rowGary Lineker announced that they are set to return with a second series of their podcast show 'Behind Closed Doors'
Baca lebih lajut »