US oil-directed drilling rigs reached 1,443 last week, which is the highest level recorded since Baker Hughes separated its oil and gas rig counts in 1987. “One could argue that all of the increase in the oil rig count this week was because of the Permian,” James Williams, president of WTRG Economics in London, Arkansas,… Keep reading →
Statoil has been proactively linking the contractual price of natural gas to European gas trading hubs and abandoning oil-linked pricing as Brussels pushes for market liberalization, consumers fight oil-linked prices and regional hubs gain liquidity. The change is slowly taking place in Eastern Europe, but “all of its German contracts and nearly all its UK,… Keep reading →
