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Islamic State attacks halted the pipeline's operations in 2014 which was responsible for about 0.5% of the world's oil supply.
Croft added that Iran has the potential to repeat its playbook from 2019 when it allegedly attacked oil tankers in the Strait of Hormuz, a critical waterway for oil import and export.
The latest weekly rig count shows an increase in active drilling rigs in the U.S., particularly those targeting crude oil in the Permian Basin.
The number of active drilling rigs in the US increased by 4, with crude oil rigs remaining unchanged for the second week.
Crude oil prices rose after a drone strike by Iran-backed Houthi terrorists killed three U.S. service members in Jordan, marking an escalation in the Mideast crisis.
Crude oil prices rose after a drone strike by Iran-backed Houthi terrorists killed three U.S. service members in Jordan, marking an escalation in the Mideast crisis.
Baker Hughes reports a slight increase in active drilling rigs in the US, with oil rigs edging lower and gas rigs rising.
The total number of drilling rigs in the U.S. fell in the latest weekly survey by Baker Hughes.
Crude oil prices rebound after Saudi Aramco's price cuts sent markets tumbling Monday.
Saudi Arabia's cut in crude selling prices causes largest drop in US oil futures since November, reigniting concerns of oversupply and weakening demand.
Total active drilling rigs in the U.S. edged down by 1 to 621, Baker Hughes said in its latest weekly survey.
Crude oil ended 2023 with its first annual decline in three years, as war and production cuts failed to overcome rising supply growth outside of OPEC+.
Latest weekly survey shows active drilling rigs in the US rose by 3, with crude oil rigs increasing while gas rigs declined.
OPEC+ agrees on 1M bbl/day production cut, fueling expectations of tighter supply and boosting crude oil prices.
The number of active drilling rigs in the US increased by 2, with crude oil rigs rising and gas rigs falling, according to Baker Hughes.
Crude oil prices hit their lowest levels since July amid concerns of weak global oil demand and rising oil stockpiles, with WTI and Brent benchmarks flipping into contango.
Crude oil prices hit their lowest levels since mid-July on concerns over global demand and a reported significant increase in US supplies.
Crude oil futures fell as market participants apparently do not expect the war in Israel and Gaza to spill into a wider conflict.
Crude oil and gold futures rise in response to the Hamas attack on Israel, causing potential disruptions in oil production and increasing demand for...
The number of active drilling rigs in the U.S. continues to decline, with crude oil rigs in the Permian Basin experiencing the largest slide.
Crude oil futures extended their decline to their lowest since August, but Goldman Sachs is sticking to its view that strong demand will support prices and push Brent to $100 by next spring.
Crude oil experienced its best quarterly gain since start of Ukraine war, but analysts predict the rally won't last as high prices impact demand.
The number of active drilling rigs in the US fell by 7 to 623, to its lowest since February 2022, with oil and gas rigs both declining.