London, July 14, 2025 (Oilandgaspress) –- U.S. Rig Count is down 47 rigs from last year’s count of 584 with oil rigs down 54, gas rigs up 8 and miscellaneous rigs down 1. Baker Hughes Rig Count: : International +27 to 913, U.S. -2 to 537 Canada +11 to 162
U.S. Rig Count is down 2 from last week to 537 with oil rigs down 1 to 424, gas rigs unchanged at 108 and miscellaneous rigs down 1 to 5.
Canada Rig Count is up 11 from last week to 162, with oil rigs up 10 to 112, gas rigs up 1 to 50 and miscellaneous rigs unchanged at 0.
International Rig Count is up 27 from last month to 913 with land rigs up 31 to 730, offshore rigs down 4 to 183.
The Worldwide Rig Count for June was 1,600, up 24 from the 1,576 counted in May 2025, and down 107, from the 1,707 counted in June 2024.
| Region | Period | Rig Count | Change |
| U.S.A | July 11, 2025 | 537 | -2 |
| Canada | July 11, 2025 | 162 | +11 |
| International | June 2025 | 913 | +27 |
Solar Panel Recycling to Focus on Silver Recovery Lithium Universe Limited announced that, following discussions with Dr. Binesh Puthen Veetti and his team at Macquarie University, the first phase of critical metals extraction from photovoltaic (PV) solar panel recycling technology will focus on silver metal. Silver is primarily used in photovoltaic (PV) solar cells as a key material for the electrical contacts that allow the flow of electricity generated by the solar panel. The average solar pa nel contains around 20 grams (0.7 oz) of silver, worth about A$36 per panel at today’s silver prices. The average solar panel is often reported to contain around 20 grams (0.7 oz) of silver, with some sources indicating a range of 3.2 to 8 grams per square meter. The value of silver in each panel is in the region of A$36 per panel (USD$34/oz) at today’s price. The demand for s ilver in the sola r industry is rising rapidly, driven by the global expansion of solar panel installations. In Australia, the goal of achieving 82% renewable energy by 2030 and a 43% reduction in carbon emissions is fuelling the growth of solar panel installations.
In recent years, photovoltaics have accounted for a significant share of total silver consumption, and this trend is expected to continue. In 2025, silver demand is projected to reach a record 680 million ounces, fuelled by a 7% i ncrease in industrial demand, as shown in Figure 2*. This growth is largely driven by the increasing use of silver in various industries, with photovoltaics and AI emerging as the fastest-growing sectors.
Silver is both expensive and relatively s carce. Its extraction primarily involves mining ores such as argentite, which are then processed through smelting or chemical methods. As demand for solar energy and electronics continues to rise, silver supply is struggling to keep up. This ongoing imbalance between supply and demand is expected to result in a market deficit of around 117.6 million ounces in 2025. Such deficits have been a recurring trend in recent years, contributing to upward pressure on silver prices. This trend has already been reflected in the price of silver, which has risen from US$15/oz in 2018 to US$34/oz in 2025, marking a 126% increase over that period, as shown in Figure 2*.
The silver market is experiencing a shortfall, which is putting upward pressure on prices, underscoring the increasing importance of silver recovery through recycling. As traditional mining struggles to meet demand, recycling will play an increasingly vital role in securing the supply of this critical metal. The continued expansion of industries reliant on si lver, coupled with supply constraints, suggests that silver’s value will likely remain high in the coming years.
US President Donald Trump has announced 30% tariffs Multiple European leaders, as well as Mexican President Claudia Sheinbaum have responded to US President Donald Trump’s latest tariff announcement with disappointment and criticism, while urging for a negotiated solution.
On Saturday, Trump posted a new set of letters to his social media platform Truth Social, declaring 30% tariffs on the EU and Mexico starting 1 August, a move that could cause massive upheaval between the United States and two of its biggest trade partners.
European Commission President Ursula von der Leyen quickly responded by noting the bloc’s “commitment to dialogue, stability, and a constructive transatlantic partnership.”
On Sunday, she emphasised that reaching a negotiated solution remains the priority, but that the EU is ready to respond with countermeasures.
China’s NEV registrations hit record 5.62m in H1 2025 China registered a record 5.62 million new energy vehicles (NEVs) in the first half of 2025, marking a year-on-year increase of 27.86 percent, according to data released by the Ministry of Public Security on Monday.
The figure represents the highest half-year NEV registration total in the country’s history. It accounts for 44.97 percent of all new automobile registrations during the same period, underscoring the acceleration of China’s clean energy transition in the transportation sector.
By the end of June 2025, the total number of NEVs on China’s roads had reached 36.89 million, representing 10.27 percent of the nation’s overall automobile fleet. Battery electric vehicles remained the dominant force in the NEV market, totaling nearly 25.54 million and accounting for 69.23 percent of all new energy vehicles. China’s NEV sector has witnessed explosive growth over the past decade.
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) | USD/bbl | $67.80 | Up |
| Crude Oil (Brent) | USD/bbl | $70.71 | Up |
| Bonny Light 11/07/25 CBN | USD/bbl | $72.81 | — |
| Dubai | USD/bbl | $69.81 | Down |
| Natural Gas | USD/MMBtu | $3.45 | Up |
| Murban | USD/bbl | $71.58 | Up |
| OPEC basket 11/07/25 | USD/bbl | $70.77 | Down |
More Energy, Oil & Gas Stories !!! �The squeaky wheel gets the oil�
OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole , victor@oilandgaspress
OilandGasPress.com is a website that provides news, updates, and information related to the oil and gas industry. It covers a wide range of topics, including exploration, production, refining, transportation, distribution, and automotive market trends within the global energy sector. Visitors to the site can find articles, press releases, reports, and other resources relevant to professionals and enthusiasts interested in the energy, oil and gas industry.
Disclaimer: News articles reported on OilAndGasPress are a reflection of what is published in the media. OilAndGasPress is not in a position to verify the accuracy of daily news articles. The materials provided are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.
Information posted is accurate at the time of posting, but may be superseded by subsequent press releases
“Stay informed with Oilandgaspress.com—your independent source for global energy, oil, gas, EV, and automotive industry news and analysis.”
Submit your Releases or contact us now!, victor@oilandgaspress
