energy market News

US Oil Rig Count Holds Steady at 483, Signaling Market Stability

The latest Baker Hughes weekly rig count reveals the US oil rig count remains unchanged at 483 for the week ending December 27, with a notable decrease from last year. Gas rigs and...

US Natural Gas Inventories Drop Significantly: EIA Report Highlights

The EIA reports a 125 Bcf drop in US natural gas inventories to 3,622 Bcf, 20 Bcf higher year-on-year and 132 Bcf above the five-year average, all within historical range.