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The number of active drilling rigs in the Permian Basin remained unchanged from last week, maintaining its stable position as the core area of U.S. shale oil production. The Eagle Ford Shale saw a decrease of 2 active rigs compared to last week, indicating a slowdown in operational activity in that region. The Williston Basin had 1 fewer rig this week, while the number of drilling rigs in the Niobrara, Haynesville, and Utica shale regions remained unchanged.These figures reflect a differentiated trend in U.S. oil and gas exploration activities across various regions. As the largest shale producing area in the country, the stable performance of drilling rigs in the Permian Basin holds significant implications for overall output. Changes in drilling activity in other major basins illustrate how operators dynamically adjust operations in response to oil price fluctuations and extraction costs.

The project is being led by Southern Copper Corporation and is currently stalled due to environmental disputes. Central bank officials stated that smooth progress on the project would have a positive impact on promoting local employment and investment flows, while delays in resolution are detrimental to stable economic development. Industry observers pointed out that if this project can break the deadlock, it could significantly boost Peru's copper mining capacity and have a profound effect on the global copper supply landscape.

With rising transportation and chemical costs, related companies are seeking to pass on these high expenses. Paulo Leime, Managing Director for Europe, Middle East, and Africa at Suzano, said: "Without a doubt, costs are rising across the entire system and value chain... This will inevitably put pressure on paper prices. If this crisis continues... inflation will return across a range of products, not just paper and tissue." The US-Iran war has caused oil prices to soar, pushing up Suzano's costs for shipping, trucking, rail transport, and chemical procurement. (Reuters)