US oil rig count edges up to 460, gas rigs dip to 132, total flat at 603
US oil rigs increased by one to 460 in the latest week; gas rigs fell one to 132. Total US rigs remained at 603, up 9.6% year over year.
US oil rigs increased by one to 460 in the latest week; gas rigs fell one to 132. Total US rigs remained at 603, up 9.6% year over year.
Kinder Morgan committed to a $4.2bn gas pipeline for a hyperscaler under a 20-year contract. Q3 earnings beat expectations.
Goldman believes European gas prices could overshoot its 70-euro forecast; low storage and falling Mideast LNG exports might push winter TTF near 105 euros.
Baker Hughes' weekly total rig count rose to 603, with oil rigs gaining and gas rigs easing. Crude traded at $91.20, down 0.33%.
Chevron and Shell have shut in production at nine Gulf of Mexico facilities as Tropical Storm Isaias approaches.
Russia's economy ministry cut 2026 gas output and LNG export forecasts as the EU prepares to halt purchases.
Goldman Sachs warned TTF and JKM could reach 105 euros and $35 if Gulf LNG exports remain constrained this winter.
Citi revised its 3Q26 Brent forecast up to $86 per barrel, held 4Q26 at $70 and 2027 at $65, and adjusted gas forecasts.
European natural gas prices surged to a three-year high as storage levels fell to a 13-year low, raising winter supply concerns.