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This post was originally published on this siteHere are five trends in the use of digital technologies in oil and gas that will continue unabated in 2022. Number four is my favorite. Trendwatching This year marks the ninth anniversary of my first blog article about the oil and gas industry. In all that time, I’ve

This post was originally published on this siteJan 3, 2022 (Bloomberg) — Oil rose as Libyan supply tightened ahead of an OPEC+ meeting on Tuesday to discuss production policy for February. Futures in New York traded near $76 a barrel in European trading after a 2.3% decline on Friday. Libya’s crude output is expected to fall to

This post was originally published on this siteDecember 31, 2021 U.S. energy firms added oil and natural gas rigs for a record 17 months in a row as higher prices lured some drillers back to the wellpad after last year’s coronavirus-driven decline in demand. The oil and gas rig count, an early indicator of future

This post was originally published on this siteJan 1, 2022 (Bloomberg)   OPEC and its allies are expected to revive more oil supplies when they meet next week, underscoring the group’s optimism in the outlook for global demand. The 23-nation alliance led by Saudi Arabia and Russia is likely to proceed with another modest monthly

This post was originally published on this site(Bloomberg) U.S. natural gas is in for another wild year as the insularity that once shielded North American energy consumers from overseas turmoil disintegrates.Benchmark American gas futures climbed almost 45% in 2021 for the strongest annual performance in half a decade after a deadly freeze that crippled output was

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This post was originally published on this siteDecember 31, 20218 U.S. natural gas futures on Friday recovered from a six-month low hit in the previous session on forecasts for colder weather and consequently higher demand in the near-term, ending a remarkable year on a solid note. The contract climbed to multi-year highs of about $6.5