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US natural gas drilling rigs fall by 2 as oil rigs rise

Fri, 04 Sep 2026 13:23:25 -0400

Investing.com -- The number of rigs drilling for natural gas in the United States decreased by 2 this week to reach 130, according to data released by oil services firm Baker Hughes on Friday.

Oil drilling rigs increased by 2 to 449 during the week ending September 4.

Horizontal rigs, which are commonly used to extract oil or gas from shale formations, remained unchanged at 535.

By basin, the Permian saw an increase of 1 rig compared to the previous week. The Niobrara basin added 1 rig, while the Haynesville basin declined by 1. The Eagle Ford, Williston, and Utica basins remained unchanged.

US natural gas drilling rigs fall by 2 as oil rigs rise

Fri, 04 Sep 2026 13:23:25 -0400

Investing.com -- The number of rigs drilling for natural gas in the United States decreased by 2 this week to reach 130, according to data released by oil services firm Baker Hughes on Friday.

Oil drilling rigs increased by 2 to 449 during the week ending September 4.

Horizontal rigs, which are commonly used to extract oil or gas from shale formations, remained unchanged at 535.

Oil slides on Friday, heads for weekly gain on US-Iran fight

Thu, 03 Sep 2026 21:27:59 -0400

HOUSTON, Sept 4 (Reuters) - Oil prices slid on ‌Friday but were on course to gain more than 6% for the week after the United States and Iran resumed military exchanges in the seventh month of their conflict, while U.S. diesel prices hit a record high.

Brent crude futures were down 23 ‌cents or 0.24% at $95.29 a barrel by 10:38 a.m. CDT (1538 GMT), and West Texas Intermediate crude ⁠futures down 54 cents, or 0.59%, at $90.76.

Oil slides on Friday, heads for weekly gain on US-Iran fight

Thu, 03 Sep 2026 21:27:59 -0400

Brent crude futures were down 23 ‌cents or 0.24% at $95.29 a barrel by 10:38 a.m. CDT (1538 GMT), and West Texas Intermediate crude ⁠futures down 54 cents, or 0.59%, at $90.76.

Vance: US probing airstrike that Iran says hit a wedding party

Thu, 03 Sep 2026 14:31:06 -0400

WASHINGTON, Sept ‌3 (Reuters) - U.S. Vice President JD Vance on Thursday said the United States ‌is investigating an airstrike that Iran says ⁠struck a wedding party in Iran.

"We're ‌investigating it because obviously ‌we care. We want to know," Vance told reporters during a White House press briefing.

"If we do make mistakes, again, ⁠this is a big difference between us

Vance: US probing airstrike that Iran says hit a wedding party

Thu, 03 Sep 2026 14:31:06 -0400

WASHINGTON, Sept ‌3 (Reuters) - U.S. Vice President JD Vance on Thursday said the United States ‌is investigating an airstrike that Iran says ⁠struck a wedding party in Iran.

"We're ‌investigating it because obviously ‌we care. We want to know," Vance told reporters during a White House press briefing.

"If we do make mistakes, again, ⁠this is a big difference between us

Trump: I did the right thing on Iran

Thu, 03 Sep 2026 14:23:11 -0400

Trump: I did the right thing on Iran

Thu, 03 Sep 2026 14:23:11 -0400

Trump: I did the right thing on Iran

Trump Says 30 To 40 Boats Nightly Coming Through Hormuz Strait

Thu, 03 Sep 2026 14:23:10 -0400

Trump Says 30 To 40 Boats Nightly Coming Through Hormuz Strait

Trump Refers To Vessels Assisted In Passage By US

Vance: we're not talking to Iran unless they stop shooting at ships

Thu, 03 Sep 2026 14:15:14 -0400

Vance: we're not talking to Iran unless they stop shooting at ships

Thu, 03 Sep 2026 14:15:14 -0400

Vance: we're not talking to Iran unless they stop shooting at ships

Trump: US Producing Munitions At Levels Never Seen Before

Thu, 03 Sep 2026 10:58:24 -0400

Trump: For the treasonous SCUM that refuses to accurately report on our Military Operation in Iran, we have virtually unlimited amounts of Mid to High Grade Ammunition, far more than we could ever use for this, or for any other War (which is highly unlikely!), that could improbably take place. In addition, we are producing Munitions at levels never seen before. We are stockpiling and preparing for any contingency that could happen. We are taking them for ourselves, the U.S.A., rather than selling them to others, but the sales to Allies will soon again, begin. Also, please let it be

United States Oil Fund (USO) call put ratio 1 call to 1.5 puts as share price up 1.1%

Thu, 03 Sep 2026 10:20:11 -0400

United States Oil Fund (NYSE: USO) 30-day option implied volatility is at 45; compared to its 52-week range of 26 to 129. Call put ratio 1 call to 1.5 puts as share price up 1.1%.

18 people were killed in Iran - Trump

Thu, 03 Sep 2026 07:33:37 -0400

(Updated - September 3, 2026 7:33 AM EDT)

Trump: Sec. Lutnick had Venezuela on his mind when he said nobody was killed. 18 people were killed in Iran!

18 people were killed in Iran - Trump

Thu, 03 Sep 2026 07:33:37 -0400

(Updated - September 3, 2026 7:33 AM EDT)

Trump: Sec. Lutnick had Venezuela on his mind when he said nobody was killed. 18 people were killed in Iran!

Oil prices hit fresh 6-week highs on renewed Middle East tensions

Wed, 02 Sep 2026 20:49:30 -0400

By Shadia Nasralla

LONDON, Sept 3 (Reuters) - ‌Oil prices hit fresh six-week highs on Thursday after new U.S. strikes on Iran and renewed Israeli threats against Tehran heightened concerns about disruptions to Middle East supplies.

Brent crude futures ‌were up $1.66, or 1.7%, at $97.29 a barrel by 1200 GMT, erasing earlier ⁠losses, while U.S. West Texas Intermediate crude

Oil prices hit fresh 6-week highs on renewed Middle East tensions

Wed, 02 Sep 2026 20:49:30 -0400

By Shadia Nasralla

Brent crude futures ‌were up $1.66, or 1.7%, at $97.29 a barrel by 1200 GMT, erasing earlier ⁠losses, while U.S. West Texas Intermediate crude

Trump says renewed US campaign against Iran won't last long

Wed, 02 Sep 2026 14:37:16 -0400

WASHINGTON, Sept ‌2 (Reuters) - President Donald Trump said on Wednesday that the renewed ‌U.S. campaign against Iran would not ⁠continue for "too long" after the ‌biggest exchange of fire ‌between Tehran and Washington since July.

Trump told reporters in the Oval Office that Iran was trying to build ⁠a rocket that drops mines and the U.S. had destroyed it. He also said Iran had been working to restore ‌its radar and

Trump says renewed US campaign against Iran won't last long

Wed, 02 Sep 2026 14:37:16 -0400

Trump told reporters in the Oval Office that Iran was trying to build ⁠a rocket that drops mines and the U.S. had destroyed it. He also said Iran had been working to restore ‌its radar and

Trump On Iran War: Don't Think It'll Be Much Longer

Wed, 02 Sep 2026 14:23:20 -0400

(Updated - September 2, 2026 2:23 PM EDT)

Trump: Renewed Campaign On Iran Won't Take Too Long

Trump: Controlling Hormuz Strait
Trump On Iran War: Don't Think It'll Be Much Longer

White House: barrels from Venezuela deal could hit reserves in U.S. In November

Wed, 02 Sep 2026 13:24:05 -0400

White House: barrels from Venezuela deal could hit reserves in U.S. In November

Wed, 02 Sep 2026 13:24:05 -0400

White House: barrels from Venezuela deal could hit reserves in U.S. In November

Wed, 02 Sep 2026 13:24:05 -0400

White House: barrels from Venezuela deal could hit reserves in U.S. In November

Crude Inventory Fell 4.5M Barrels Last Week - EIA

Wed, 02 Sep 2026 10:32:50 -0400

(Updated - September 2, 2026 10:32 AM EDT)

Crude Inventory -4.45M Barrels vs -368K Expected
Cushing 80K
Gasoline -1.17M vs -1.78M expected
Distillate 796K vs -780K Expected

Summary of Weekly Petroleum Data for the week ending August 28, 2026

For the week ending August 28, 2026, U.S. refineries processed 17.5 million barrels per day (b/d) – up 102,000 b/d from the previous week – at 98% capacity utilization. Gasoline output averaged 9.8 million b/d, and distillate production decreased to 5.1 million b/d.

Crude oil imports increased 612,000 b/d to 6.8 million b/d, and the four-week average of 6.7 million b/d is 2% above the year-ago level. Gasoline

Crude Inventory Fell 4.5M Barrels Last Week - EIA

Wed, 02 Sep 2026 10:32:50 -0400

(Updated - September 2, 2026 10:32 AM EDT)

Crude Inventory -4.45M Barrels vs -368K Expected
Cushing 80K
Gasoline -1.17M vs -1.78M expected
Distillate 796K vs -780K Expected

Summary of Weekly Petroleum Data for the week ending August 28, 2026

Crude oil imports increased 612,000 b/d to 6.8 million b/d, and the four-week average of 6.7 million b/d is 2% above the year-ago level. Gasoline