The total number of active drilling rigs in the US remained steady at 588, with oil rigs increasing by three to 454, while gas rigs dropped by three to 124. Crude oil production rose slightly to an average of 13.804 million barrels per day. The Permian Basin saw a gain of three rigs, reaching 263, and oil prices showed slight increases with Brent trading at $83.55 and WTI at $78.21. Additional reports highlighted key developments in oil exports, geopolitical tensions, and significant investments in energy infrastructure.

Type your search and press Enter


	WTI Crude •11 mins	76.96	-0.33	-0.43%
	Brent Crude •11 mins	82.05	-0.44	-0.53%
	Murban Crude •16 mins	79.25	-0.28	-0.35%
	Natural Gas •11 mins	2.668	+0.028	+1.06%
	Heating Oil •11 mins	3.871	-0.011	-0.29%
	Gasoline •11 mins	2.958	+0.020	+0.66%
Click Here for 150+ Global Oil Prices


Gasoline •11 mins	2.958	+0.020	+0.66%
Heating Oil •11 mins	3.871	-0.011	-0.29%
WTI Midland •59 mins	78.17	+0.04	+0.05%
Opec Basket •2 days	76.97	-0.37	-0.48%
Indian Basket •2 days	85.05	+1.22	+1.46%

Click Here for 150+ Global Oil Prices Link


	Marine •718 days	75.08	-2.22	-2.87%
	Murban •718 days	76.34	-1.97	-2.52%
	Iran Heavy •404 days	64.96	-0.76	-1.16%
	Basra Light •1712 days	71.69	-3.60	-4.78%
	Saharan Blend •404 days	68.65	-0.72	-1.04%
	Bonny Light •159 days	67.66	+3.95	+6.20%
Click Here for 150+ Global Oil Prices


Bonny Light •159 days	67.66	+3.95	+6.20%
Girassol •718 days	79.56	-1.80	-2.21%
Opec Basket •2 days	76.97	-0.37	-0.48%

Click Here for 150+ Global Oil Prices Link


	Canadian Crude Index •1165 days	53.57	-1.23	-2.24%
	Western Canadian Select •14 hours	64.94	+2.07	+3.29%
	Canadian Condensate •14 hours	79.44	+2.07	+2.68%
	Premium Synthetic •14 hours	77.69	+2.07	+2.74%
	Sweet Crude •14 hours	71.54	+2.07	+2.98%
	Peace Sour •14 hours	69.29	+2.07	+3.08%
Click Here for 150+ Global Oil Prices


Peace Sour •14 hours	69.29	+2.07	+3.08%
Light Sour Blend •14 hours	69.54	+2.07	+3.07%
Syncrude Sweet Premium •14 hours	73.79	+2.07	+2.89%
Central Alberta •14 hours	69.14	+2.07	+3.09%

Click Here for 150+ Global Oil Prices Link


	Louisiana Light •3 days	78.28	-0.75	-0.95%
	Domestic Swt. @ Cushing •2 days	73.77	+2.07	+2.89%
	Giddings •2 days	67.52	+2.07	+3.16%
	ANS West Coast •4 days	71.99	-3.55	-4.70%
	West Texas Sour •2 days	70.32	+2.07	+3.03%
	Eagle Ford •2 days	73.77	+2.07	+2.89%
Click Here for 150+ Global Oil Prices


Eagle Ford •2 days	73.77	+2.07	+2.89%
Oklahoma Sweet •2 days	74.00	+2.00	+2.78%
Kansas Common •2 days	64.12	+2.07	+3.34%
Buena Vista •495 days	70.40	+1.10	+1.59%

Click Here for 150+ Global Oil Prices Link

All Charts

Headlines
2 hoursCiti Lifts Brent Outlook but Still Sees Oil Falling in 2027
3 hoursNorway’s $2.3-Trillion Fund Opposes SEC Idea to Rescind Climate Reporting
4 hoursADNOC Reports 15 Vessel Attacks as Hormuz Risks Mount
5 hoursLibya Aims to Boost Oil Production to 2 Million Bpd by Early 2030s
6 hoursADNOC Buys 11 Supertankers for $1.3 Billion to Expand Export Fleet
7 hoursSaudi Arabia, Pakistan and Turkey to Sign Defense Deal
8 hoursIndia Remains Dependent on Imports for 90% of Oil Demand
9 hoursIndia's Crude Oil Output Falls for Third Straight Year
11 hoursShipping Through Hormuz Drops Sharply as Tensions Rise
12 hoursChina’s Crude Imports Bounce Back After Historic June Slump
13 hoursRussia Turns to South Korea for Fuel as Refinery Crisis Deepens
14 hoursOil Prices Jump as Houthi Attacks Raise Saudi Supply Risks
1 dayRussian Oil Production Climbs Above 9 Million Bpd in July
1 dayAramco Deepens Asia Oil Discount Ahead of Possible Hormuz Deal
1 dayChinese Oil Giant Launches World-First 16MW Floating Wind Turbine
1 dayAngola Confirms New Offshore Oil and Gas Reserves With Katambi-2 Well
1 dayGulf Shipping Grinds to a Halt Following Houthi Missile Claim
1 dayIndian Refiners Continue West Africa Crude Buying Spree
1 dayNigeria Eyes $50 Billion From 22 Offshore Oil and Gas Projects
1 dayEurope's Gas Storage Hits Lowest Level Since 2011 as Winter Looms
1 dayHow the UAE Has Kept Its Oil Flowing Through Hormuz
1 dayChina’s Top Refiner Pivots to Russian Crude
2 daysU.S. Diesel Exports Hit Record High as Domestic Stockpiles Slide
2 daysIran and Oman Near Landmark Deal to Manage Strait of Hormuz
2 daysIndia Hopes To Take Over Operation Of Venezuelan Oil Fields From PDVSA
2 daysHormuz Draft Agreement Reportedly Awaits Khamenei Approval
2 daysIndia Weighs Gas Levy to Bankroll $42 Billion Fuel Reserve Plan
2 daysHormuz Bottleneck Pushes Indian Refiners Toward West African Grades
2 daysIraq-Syria Pipeline to Bypass Hormuz Could Be Revived Within 3 Years
2 daysHouthis Claim Ballistic Missile Hit on Saudi Oil Tanker in Red Sea
2 daysOil Price Rally Boosts Glencore’s First-Half Profit
2 daysU.S. Moves to Keep Tungsten Scrap and Battery Metals at Home
2 daysRed Sea Attack Sinks India-Flagged Cargo Vessel Off Yemen
2 daysChina’s Power Demand Hits Records as Heatwave Grips Key Regions
3 daysChina Eases Fuel Export Curbs as Global Supply Crunch Deepens
3 daysHormuz Tanker Traffic Remains Subdued Despite Reports of Peace Talks
3 daysUS Crude Oil Inventories Build As Washington Talks Up Potential Peace Deal
3 daysOil Markets Price In an Iran Deal That Does Not Exist Yet
3 daysONGC Profit More Than Doubles as Oil Prices Surge
3 daysPentagon Scraps $300 Million Lithium Tender for Defense Stockpile

Breaking News:

Citi Lifts Brent Outlook but Still Sees Oil Falling in 2027

Find us on:

Europe’s Heatwave Is Hitting Refineries And Power Supplies

Extreme heat and drought are…

Europe's Electricity Prices Spike to €500 a Megawatt-Hour as Drought Bites

Drought has forced Hungary to…

New Agreements Advance Central Asia’s Middle Corridor Ambitions

Central Asian states and Azerbaijan…

Julianne Geiger

Julianne Geiger is a veteran energy journalist and market analyst with more than a decade of experience covering the global oil and gas sector. Her…

More Info

Set us as your preferred Google source

Premium Content

US Oil Drillers Add Rigs

By Julianne Geiger - Aug 07, 2026, 12:14 PM CDT

Marcellus rig

The total number of active drilling rigs for oil and gas in the United States stayed the same overall this week, according to new data that Baker Hughes published on Friday, with the total rig count in the US staying at 588, up 49 from this same time last year.

The number of active oil rigs rose by 3, reaching 454 during the latest reporting period, according to the data. This is 43 above this same time last year. The number of gas rigs fell by 3 to 124, which is 1 more than this time last year. Miscellaneous rigs stayed at 10.

The latest EIA data showed that weekly U.S. crude oil production rebounded slightly during week ending July 31. US crude oil production averaged 13.804 million bpd during the reporting period, up from 13.796 million bpd last week and up 520,000 bpd from a year ago.

Primary Vision’s Frac Spread Count, an estimate of the number of crews completing wells, fell by 4 in the week ending July 31, to 194 crews, after gaining 2 in the week prior.

The number of active drilling rigs in the Permian Basin rose by 3 in the reporting period, hitting 263. This is 7 rigs above year-ago levels. The count in the Eagle Ford stayed the same at 49, which is 11 more than this same time last year.

Oil prices were up on Friday with Brent now trading at $83.55 (+1.29%) per barrel. While up on the day, it is down $6 per barrel from this time last week. WTI was also trading up on the day at $78.21 (+1.19%).

By Julianne Geiger for Oilprice.com

More Top Reads From Oilprice.com