US Drillers Cut Oil and Gas Rigs for Second Time in Three Weeks, Says Baker Hughes

(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second time in three weeks, energy services firm Baker Hughes said…

India Greenlights First-Ever Coal Exports Policy

India’s government approved on Friday auctions for coal that buyers could use for industrial activity and exports in yet another reform in the vast coal sector.   The government endorsed the…

How Billionaire Wes Edens’ Big Energy Dream Hit the Rocks

New Fortress Energy went all in on a concept it called Fast LNG. Slowly that commitment has become the company’s undoing. By , , and For 20 minutes, Wes Edens…

What US Military Posturing Means for Venezuela’s Oil

US forces intercept and seize a sanctioned oil tanker off the coast of Venezuela, in a video released by the US Department of Justice on Dec. 10. Source: US Department…

Russian Fuel Shipments from Black Sea Ports Plunged in November

Russia’s shipments of refined petroleum products inched down by 0.8% in November compared to October as a plunge in exports from the Black Sea ports was offset by a jump…

Russia’s Oil and Gas Revenues Set to Plunge 50% to Five-Year Low

Falling oil prices and strengthening Russian currency are set to slash Russia’s oil and gas revenues by nearly 50% in December from a year earlier, to the lowest level since…

Historic Bill Opens India’s $214 Billion Nuclear Sector to Private Firms

India’s government on Friday approved the landmark Atomic Energy Bill, which would allow private companies to invest in its nuclear energy industry for the first time, as the country looks…

Analyst Looks at Natural Gas Price Moves

In a natural gas focused EBW Analytics Group report sent to Rigzone by the EBW team on Friday, Eli Rubin, an energy analyst at the company, warned that late December…

Oil Inches Lower on Oversupply Concerns, on Track for Weekly Loss

Summary Brent and WTI down more than 4% this week Supply glut remains main market focus US plans to seize more tankers off Venezuela coast, sources say (Reuters) – Oil…

THE WORLD’S TOP RESOURCE GIANTS: Ranked by Wealth per Capita – Visual Capitalist

By | Graphics/Design: Key Takeaways Saudi Arabia leads with nearly $1 million in natural resources per person, far ahead of other prominent resource-rich nations. Large populations push China and the…