US oil operators in North Dakota are adopting a cautious stance on drilling, despite a recent rise in oil prices. This sentiment is reflected in the energy news landscape, which also notes Devon's acquisition in the Permian basin aimed at extending its drilling inventory. Concurrently, progress on US-Iran peace talks is described as slow, with one report indicating oil prices settled higher due to this lack of breakthrough, while another suggests prices settled lower on the same news, highlighting market uncertainty.
Baker Hughes reported that US drillers added oil and gas rigs for the fifth consecutive week, signaling an increase in exploration and production activity. This comes as other news points to a partial shutdown of a Plains Oil pipeline in East Los Angeles following a rupture. In international news, Ukraine claims to have attacked a Russian oil refinery in Yaroslavl.
