SkySkopes News

U.S. energy firms this week added oil and natural gas rigs for the first time in five weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by 2 to 619 in the week to April 19. Despite [Read more]

Municipalities and irrigation districts in the western Canadian province of Alberta have agreed to use less water this summer to combat a severe ongoing drought, the provincial government said on Friday. Environment Minister Rebecca Schulz said water license holders had signed news memorandums of understanding covering four river basins in the southern half of the [Read more]

Global flight activity passed pre-pandemic levels for the first time in four years last week, but jet fuel demand growth has not kept apace as newer fleets of aircrafts become more fuel efficient and carry more passengers. Aviation fuel, a product refined from crude oil, has been the single biggest contributor to oil’s post-pandemic bonanza, [Read more]

Canada’s active rig count came in at 116 this morning, 2 rig fewer than last Friday. Albertan rig activity held steady at 92, ending a counter-trend string of small weekly increases. Saskatchewan’s rig count was unchanged also, remaining at 3, while BC’s active rig count fell from 23 to 21. This is the third consecutive [Read more]

(The author is a Reuters Breakingviews columnist. The opinions expressed are her own.) By Yawen Chen LONDON, April 19 (Reuters Breakingviews) – It is generally a good thing when a chief executive worries about his company’s share price. The danger is seeking superficial fixes. Ever since Shell CEO Wael Sawan took charge last year, he [Read more]