By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) cut its West Texas Intermediate (WTI) average spot crude oil price...
By Adam Smeltz | UNIVERSITY PARK, Pa. – Oil produced from shale reservoirs drove record crude output in the U.S. over the...
Key Highlights Global oil inventories are expected to grow more than 2 million b/d in late 2025, leading to lower crude prices....
˃ Financing from the six largest Wall Street banks for oil, gas, and coal projects fell 25% in the first seven months...
Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off non-core assets and pushing forward in its debt...
Fossil fuel financing by Wall Street’s leading banks has declined sharply in 2025, highlighting a market-led shift away from high-carbon investments that...
Presidio Petroleum is preparing to enter the public markets through a strategic merger with EQV Ventures Acquisition Corp, signaling a renewed investor...
Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs spiked this month to a two-year high, driven...
Trying to catch up in oil and gas production is difficult enough. It becomes even harder when competitors keep pulling further ahead....
by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions of barrels of Russian crude at Indian refineries...
The energy sector is moving higher this morning, supported by strength in the crude complex and in the major equity futures. Wall Street futures inched higher as investors assessed Federal Reserve Chair Jerome Powell's hawkish commentary and looked forward to key economic data next week for more cues on the monetary policy path.
WTI and Brent crude oil futures are trading higher for the second-consecutive session due to comments made by the US Fed Chair on more interest rate hikes and on Israel's ongoing attacks on Gaza, fueling supply fears. However, weakening China's Price Index, which fell 2.7 percent yearly and 0.2 percent monthly in October, and the rise in US crude oil stockpiles by an estimated 11.9 million barrels limited price upswings. Meanwhile, OPEC+ is set to meet on Nov. 26 to establish production policy, and the focus will be on whether Saudi Arabia extends a 1 million barrel-per-day voluntary cut set to expire at the end of this year.
Natural gas futures slid for the fifth-straight day on record output and forecasts for mild weather through late November that should limit heating demand and allow utilities to keep injecting gas into storage for a couple more weeks.
Presidio Petroleum is preparing to enter the public markets through a strategic merger with...
By Adam Smeltz | UNIVERSITY PARK, Pa. – Oil produced from shale reservoirs drove...
Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off...
Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs...
Fossil fuel financing by Wall Street’s leading banks has declined sharply in 2025, highlighting...
Key Highlights Global oil inventories are expected to grow more than 2 million b/d...
The race to lower costs and accelerate production timelines in the Permian Basin has...
Mexico’s energy story has turned again. After years of political resistance to hydraulic fracturing,...
By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) cut its West...
The U.S. Geological Survey has released a fresh look at the Phosphoria Total Petroleum...
˃ Financing from the six largest Wall Street banks for oil, gas, and coal...
Mergers and acquisitions in the U.S. oil and gas sector surged in 2024, more...
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