U.S. drillers add rigs for seventh month in a row, pace slows – Baker Hughes

© Reuters. FILE PHOTO: Drilling rigs operate in the Permian Basin oil and natural gas production area in Lea County (Reuters) – U.S. energy firms this week added oil and rigs for a seventh month in a row for the first time since May 2018, but the rate of growth in February slowed even as […]

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Drowning in crude, U.S. drillers say Trump strategic reserve plan is no lifeline

© Reuters. FILE PHOTO: A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport By Devika Krishna Kumar NEW YORK (Reuters) – President Donald Trump’s plan to fill the U.S. emergency stockpile has become the centerpiece of his administration’s strategy […]

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