US Oil Drillers Add Even More Rigs As Oil Prices Stay Higher
US oil drilling rig counts increased this week to 593 total rigs, with crude production averaging 13.805 million barrels per day as oil prices rose.
US oil drilling rig counts increased this week to 593 total rigs, with crude production averaging 13.805 million barrels per day as oil prices rose.
Somali pirates are intensifying attacks on commercial vessels rerouted around Africa due to Strait of Hormuz closure, with three major hijackings between April and July 2026 marking the largest pirate activity in years.
Wind and solar generation in Europe now exceeds electricity from methane-fired power plants, marking a potential structural shift as renewable capacity has surged to nearly 750 gigawatts compared to 400 gigawatts for gas.
Environmental groups delivered approximately 2,000 comments opposing the Desert Southwest Pipeline to Governor Katie Hobbs’s office, citing concerns about water resources and climate impacts from methane gas infrastructure.
Great Britain’s electricity system operator gains new powers to impose rolling blackouts with as little as eight hours’ notice to prevent widespread power system collapse during supply shortages.
A strong El Niño event is forecast for winter 2026-2027, but analysts indicate Europe would still need significantly more liquefied natural gas than last winter even with favorable weather conditions.