Oil prices moved up modestly Wednesday after Baker Hughes reported a big weekly drop in the number of active U.S. oil rigs.

U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in four weeks, with oil ...

With oil trading near $55–60 per barrel, many producers—especially smaller independents—are struggling to maintain ...

Crude oil prices hover at or near four-year lows. Kansas Common crude starts the week at $48.25 per barrel, after dropping $1 ...

America’s oil patch is slowing again, Reuters reports.  Baker Hughes reported the first weekly drop in U.S. oil and gas rigs in a month, with the oil rig count falling to its lowest level in four ...

The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

U.S. energy firms this week added oil and natural gas rigs for a third week in a row for the first time since September, ...

The total number of active drilling rigs for oil and gas in the United States fell sharply this week, according to new data that Baker Hughes published on Wednesday ahead of the Thanksgiving holiday.

The price of crude oil is steadily declining, leading to the abandonment of oil rigs in Scotland and other countries. Massive ...

U.S. Rig Count Drops Even As Oil, Gas Output Hits Records - EIA. BAKU, Azerbaijan, November 18. The number of active oil and ...