The Norwegian government is calling on energy giants to ramp up oil and gas exploration projects in remote regions like the Arctic...
By: CNBC – Europe may have done a good job in reducing its dependency on Russian oil and gas and mitigating an...
By: Reuters – Oil prices edged up on Monday on a softer dollar and supply cuts from Canada and OPEC+ producers, while...
Story By Chris Matthews |Hart Energy| Kimbell Royalty Partners anticipates hitting record oil and gas production this year after completing an acquisition...
‘I’ve always told people there is nobody who can really pick the market on a short-term or an intermediate-term basis. Maybe I...
Story By Jerry Bohnen |OK Energy Today| Oklahoma City’s Continental Resources Inc. revealed more recent success in its oil and gas exploration...
‘Increasing the debt limit the way Congress and presidents have repeatedly done, and most likely will do this time around, will mean...
[Bloomberg] Russia’s fuel-oil suppliers are on track for record exports to China this month as smaller refineries in the Asian nation increase...
Story by Patrick McGee | Hart Energy | Dallas-based Pearl Energy Investments has closed a $705 million fund to target oil and...
Next week, two pristine drilling rigs, valued at $40 million and $30 million respectively when constructed in 2019, are set to go...
Benchmark U.S. crude oil for March delivery fell $1.97 to $75.85 per barrel Wednesday. Brent crude for March delivery fell $1.16 to $81.71 per barrel.
Wholesale gasoline for February delivery fell 8 cents to $2.18 a gallon. February heating oil was unchanged at $2.81 a gallon. March natural gas rose 2 cents to $2.10 per 1,000 cubic feet.
The energy sector is off to a lower start, pressured by weakness in the crude complex and the major equity futures which dropped amid lackluster AI forecasts from mega-cap tech companies. In company news, Phillips 66 released fourth-quarter results of $1.3 billion or $2.86 per share; adjusted earnings of $1.4 billion or $3.09 per share; $2.2 billion of operating cash flow, and $1.6 billion returned to shareholders through dividends and share repurchases. Hess reported net income of $413 million, or $1.34 per share, in the fourth quarter of 2023. A couple of rating changes were made by Seaport Research Partners in U.S E&Ps, and by TPH Energy Research in MLPs & pipelines.
WTI and Brent crude oil futures slid 1% this morning, giving back most of yesterday’s gains on demand concerns as investors digested China’s manufacturing activity which contracted for the fourth consecutive month in January. Oil forecasts such as OPEC’s, expect China to aid in oil demand growth in 2024, however, traders are jittery amid the latest signs of a struggling economy.
Natural gas futures are higher on storage estimates which point to a higher-than-average draw, despite forecasts for warmer temperatures. Consensus is looking for a draw of (202) Bcf vs the 5-yr average of (185) Bcf. This comes following last week’s reported storage draw of (326) Bcf, the third-largest pull-on record.
After a long slump, Oklahoma’s natural gas sector is once again showing signs of...
President Donald Trump’s latest legislative push, known as the “One Big Beautiful Bill,” marks...
WASHINGTON (Reuters) – American companies unveiled a series of significant AI and energy investment...
Oklahoma’s largest oil and gas operators are lining up to claim a new $50...
Yuka Obayashi and Katya Golubkova | TOKYO (Reuters) -U.S. President Donald Trump said on...
Baker Hughes, Hunt Energy, and Argent LNG are forming a partnership to create a...
By Charles Kennedy for Oilprice.com | Shell and other major energy players have withdrawn...
Merger and acquisition activity in the U.S. upstream oil and gas sector slowed significantly...
By Felicity Bradstock for Oilprice.com | The United Nations Development Programme (UNDP) and the...
The U.S. oil and gas industry is riding a line between productivity and paralysis....
by Andreas Exarheas| RIGZONE.COM | Chevron will “consolidate or eliminate some positions” as part of...
The newly unveiled U.S.–EU energy framework, announced during the July 27–28 summit in Brussels,...
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