US rig count jump
June 27 (LNGJ) - Baker Hughes said in its weekly rig count that there were 13 more US rigs this week compared with the previous week and amounted to 753 rigs. “Oil rigs are up 10 to 594, gas rigs are up three to 157 and miscellaneous rigs are up two,” said the company.
The US Rig Count is up 283 rigs from last year's count of 470 with oil rigs up 222, gas rigs up 59 and miscellaneous rigs up by two. The US offshore rig count is flat one to 16 and up two year-on-year.
European natural gas and LNG prices skyrocket over $60 per MMBtu while Brent almost hits $140 a barrel
European wholesale natural gas prices and LNG values skyrocketed to record levels over $60 per million British thermal units on March 7 as the North Sea Brent crude oil price soared to over $139 a barrel after the US pushed for its allies to stop buying Russian oil over the Ukraine invasion.
