U.S. Rig Count, Leviathan Field Operations: Your Daily Energy News

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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

PRODUCTION
U.S. Drillers Add Rigs for First Time in Three Weeks - U.S. energy firms last week added to the number of oil and natural gas rigs operating for the first time in three weeks, energy services firm Baker Hughes reported on Thursday. The oil and gas rig count rose by five to 548 in the week ending April 2. Baker Hughes said oil rigs rose by ⁠two to 411 last week, while gas rigs rose by three to 130. (Reuters)

Israel's Leviathan Gas Field to Resume Operations - Israel's offshore Leviathan gas field will resume operations after a month-long war shutdown, the Israeli energy ministry said on Thursday. The field, operated by Chevron, has been shut down since the U.S. and Israel launched attacks on Iran on February 28. (Reuters)

CRUDE OIL
J.P. Morgan Warns of Possible $150 Oil Price Surges - Oil prices could spike to $120-$130 per barrel in the near term, with a risk of surging above $150 if supply flows through the Strait of Hormuz remain disrupted into mid-May, J.P. Morgan said in a note on Thursday. The bank's base-case assumption is that the disruption to the strait will ⁠ultimately be resolved through negotiations following a period of supply strain and inventory drawdowns. Under this scenario, oil prices are expected to remain elevated above $100 a barrel through the second quarter. (Reuters)

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About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.

About Industrial Info Resources
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).