Record US diesel prices squeeze farmers; food prices may rise
Addie Yoder is a farmer in northeast Missouri who grows corn, soybeans, and cattle. She uses two combines, 3 semi-trucks, and several tractors to harvest and transport the crops from mid-September until late October. She said that with diesel prices at all-time highs, and only one 'combine' requiring 300 gallons, her best option is to try and cut other costs. Drew Peterson, a farmer in southeast South Dakota who grows soybeans…
Baker Hughes reports that US energy companies added rigs in the second week at their highest level since May 2024.
Baker Hughes, a provider of energy services, said in its Friday report that US energy companies added rigs this week for the second week in a row for the first since July. The total number of oil and gas drilling rigs, a good indicator of future production, increased by four in the week ending September 18 to 595, its highest level since May 2024. Baker Hughes reported that the total number of rigs is up 53, or 10% compared to this time last year.
Baker Hughes reports that US energy companies have added rigs to their fleet for the first time in 4 weeks.
Baker Hughes, a closely-followed energy services company, said in a report released on Friday that U.S. firms added rigs this week for the first time in four weeks. The total number of oil and gas rigs, a good indicator of future production, increased by three in the week ending September 11. This is its highest level since mid-August. Baker Hughes reported that the rig count is up 52 rigs or 10% compared to this time last year.
Baker Hughes reports that US energy companies have not changed their rig count for the second week in a row.
Baker Hughes, a leading energy services company, said in a closely watched report released on Friday that U.S. firms have kept the 'overall rig counts' unchanged for a second consecutive week. The total oil and gas rig counts, an early indicator for future production, held steady at 588 during the week ending September 4. Baker Hughes reported that oil rigs increased by 2?to 449, gas rigs decreased by 2?to?130 and other miscellaneous drilling rigs were unchanged at 9.
US diesel prices reach record highs as supply squeeze intensifies
The average U.S. Diesel prices rose to new records on Thursday as the global'supply crunch' intensified following renewed hostilities in the United States. Iran, and disruptions due to Ukrainian attacks on Russian refineries - a major source for diesel exports. According to the fuel price tracking service GasBuddy, the national average price for diesel reached $5.820 per gallon. The previous record of $5.819 per gallon was set on June 17…
EIA reports that US crude oil production and petroleum demand increased in June.
The U.S. Energy Information Administration (EIA), in its Petroleum Supply Monthly Report, published on Tuesday, said that U.S. crude oil output and demand rose during June. In June, crude oil production increased to 13,79 million barrels per days (bpd), up from 13,76 million bpd. The monthly record high was 14.01 million barrels per day (bpd) in October 2025. The U.S. crude oil and petroleum product demand grew to 20,74 million bpd by June from 20.07 millions bpd?in May.
US Natural Gas Futures Reach Four-Week High
U.S. natural gas futures rose to a near four-week high on Wednesday, supported by forecasts for hotter weather and firm oil prices, while investors awaited a federal storage report due this week. Front-month gas futures for September delivery on the New York Mercantile Exchange rose 9.6 cents, or 3.5%, to $2.87 per million British thermal units, their highest level since July 24. Oil prices…
EIA: US natural gas demand will reach record levels in 2026.
The U.S. Energy Information Administration announced in its Tuesday 'Short-Term Energy Outlook' that both the supply and demand of natural gas in the U.S. will reach record highs by 2026. The 'EIA' projected that dry gas production would rise from a record of 107.6 billion cubic feet per day (bcfd) in 2025, to 111.2 bcfd by 2026, and 116.0 bcfd by 2027. The agency projected that domestic gas consumption would rise from 91.9 billion cubic feet per day in 2025…
Cheniere Energy Increase Annual Profit on Strong LNG Demand
Cheniere Energy raised its forecast for annual core profit on Thursday after beating quarterly expectations on robust demand for liquefied natural gas, sending its shares up 4% in premarket trading.The U.S. has further solidified its position as the world's largest exporter of LNG after President Donald Trump lifted a moratorium on new export permits upon taking office last year.The country shipped 15 billion cubic feet per day of the supercooled fuel in 2025, according to the U.S.
Ameresco wins new contracts worth $1.8 billion as demand for power remains high
Ameresco announced on Monday that it had added $1.8 billion to its backlog of projects in the second quarter. This is more than tripled from a year ago, amid a strong demand for programs promoting 'energy efficiency' and a reliance on renewable energy. According to the Energy Information Administration, this growth is due to the rising demand for AI-focused data centres and rapid electrification in homes, businesses, and transportation. The U.S.
Baker Hughes says US energy companies have added rigs six times in the last seven weeks.
Baker Hughes, a leading energy services company, said that U.S. firms added rigs this week for the sixth time in 7 weeks. The number of oil and gas drilling rigs, which is an early indicator of future production, increased by one in the week ending July 31. Baker Hughes stated that the increase of 48 rigs or 9% over this time last week is a result of this week's increases. Baker Hughes reported that oil?rigs increased by one this week to 451 - their highest level since mid-July.
Baker Hughes reports that US energy companies have cut back on drilling for the first time in six-weeks.
Baker Hughes, a closely-followed energy'services' firm, said in a report on Friday that U.S. firms have cut back the number of operating rigs for the first six weeks. Total oil and gas rig counts, an indicator of future production, dropped by one in the week ending July 24. This is the lowest level since mid-July. Baker Hughes said that despite this week's decline in rig count, the total number was still 45 rigs or 8% higher than this time last.
NextEra Energy beats second-quarter profit estimates
NextEra Energy beat Wall Street expectations for the second quarter adjusted profit on Friday. This was due to increased demand and strength in its renewables unit. Energy Information Administration (EIA) expects U.S. electricity demand to continue to increase in 2026-2027, after hitting its second consecutive annual record last year. This is due to the rapid expansion of data centers that consume a lot of energy and the electrification and modernization of technology. U.S.
Baker Hughes reports that US energy companies have increased the number of rigs to their highest level since April 2025.
Energy services firm Baker Hughes reported on Friday that U.S. firms added rigs this week for a fifth consecutive week for the first since early June. The 'total count' now stands at its highest level since April 2025. The total rig counts, which are an early indicator of the future production, increased by seven in the week ending July 17. Baker Hughes reported that the total rig counts are up by?44 or 8% from this time last week.
Baker Hughes reports that US energy companies have added rigs to their fleets for the fourth consecutive week.
Baker Hughes, a leading energy services company, said that U.S. firms added rigs this week for the fourth consecutive week for the first since early June. Baker Hughes normally releases the report around 1700 GMT on Fridays at?1 pm EDT. The report was released 49 minutes later. Baker Hughes officials did not comment on the cause of the delay. The number of oil and gas drilling rigs, which is a good indicator of future production…
US Natural Gas Prices Drop to Six Week Low
U.S. natural gas futures fell about 4% to a six-week low on Thursday on expectations gas flows to liquefied natural gas (LNG) export plants will remain low through late August due to planned maintenance at Freeport LNG's plant in Texas, and after the release of a federal report showing last week's storage build was much bigger than expected.Front-month gas futures for August delivery on the New York Mercantile Exchange fell 13.9 cents…
US EIA: Global oil production to return to pre Iran war levels by the end of this year
The U.S. Energy Information Administration stated on Tuesday that global oil production?and?trade flows will fully recover by the end this year after the disruptions caused due to the Iran War. The EIA reported that the global benchmark Brent crude oil price will average $74 per barrel on the spot market in the third quarter this year. This is down from an?average of $85 in June. Last month, the agency forecast Brent prices to average more than $101 per barrel in the third quarter.
EIA: US power consumption will surpass previous records in 2026 and '27, as AI usage surges.
?U.S. The Energy Information Administration's (EIA) Short-Term Energy Outlook, published on Tuesday, said that the power consumption will continue to rise in 2026-2027 due to data centers with AI and electrification. The EIA projects that the power demand in 2027 will increase from 4,195 billion Kilowatt-hours in 2025, to 4,269 billion in 2026, and 4,399 in 2027. The demand for electricity…
EIA: US natgas production and demand will reach record highs by 2026
The U.S. Energy Information Administration said in its "Short-Term Energy Outlook" on Tuesday that the U.S. Natural Gas Supply & Demand will reach'record highs by 2026. The EIA?projected that dry gas production would rise from a record of 107.7 bcfd per day in 2020 to 111.2 bcfd by 2026, and 115.3 bcfd by 2027. The agency also predicted that domestic?gas demand will increase from 91.9 bcfd, a record in 2025, to 92.1 bcfd by 2026 and 95 bcfd by 2027.
US EIA: Global oil production to return to pre Iran war levels by the end of this year
The?U.S. Energy Information Administration says that global oil production and trade flows will?rebound completely by the end of the year from the disruptions caused the Iran war. Energy Information Administration?reported on Tuesday. The EIA reported that Brent crude oil, the global benchmark, will average $74 per barrel on the spot market in the third quarter, down from $85 per barrel on average in June.