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...
Story By Steve Zurier | SC Media | Twenty-seven percent of CISOs at oil and gas companies say that dark web activity...
Story By Taylor Luck Special correspondent. |The Christian Science Monitor| Abu Nayef remembers a time when, if an Arab country was in trouble, they...
The energy sector has traded back and forth this morning, pressured by mild weakness in the major equity futures, despite mild strength in the underlying commodities. U.S. stock index futures turned negative, as a hotter-than-expected producer inflation report suppressed market speculation of an imminent interest rate cut by the Federal Reserve this year. A Labor Department report showed PPI rose 0.3% month-on-month in January, compared with a 0.1% increase expected by analysts. Annually, it rose 0.9% versus the 0.6% estimated growth. Meanwhile, the core figure, excluding volatile food and energy items, rose 0.5% month-on-month compared with an estimated 0.1% increase. On an annual basis, it rose 2% versus the 1.6% expected growth.
WTI and Brent crude oil futures are now up slightly as slowing demand forecast by the IEA offset support from geopolitical tensions and optimism that the U.S. Federal Reserve might cut interest rates sooner than later this year. The IEA said global oil demand growth was losing momentum and trimmed its 2024 growth forecast, contradicting the view held by OPEC. Meanwhile, prices were supported by persisting tensions in the Middle East. Gaza's largest functioning hospital was under siege in Israel's war with Islamist group Hamas, as warplanes struck Rafah, the last refuge for Palestinians in the enclave.
Following eight consecutive sessions of declines, natural gas futures are positive as NatGasWeather said a potential cold front could move into the Midwest and Northeast the last week of February. NOAA forecasts yesterday afternoon had both of those regions experiencing above-normal temperatures from 23-Feb to 29-Feb.
Bill Armstrong isn’t following the industry playbook. As U.S. shale producers consolidate and shrink...
Haynesville Gas Takeaway Grows With Leg Pipeline Launch (P&GJ) — Williams Companies has placed its...
Yuka Obayashi and Katya Golubkova | TOKYO (Reuters) -U.S. President Donald Trump said on...
Merger and acquisition activity in the U.S. upstream oil and gas sector slowed significantly...
by Andreas Exarheas| RIGZONE.COM | Chevron will “consolidate or eliminate some positions” as part of...
The U.S. oil and gas industry is riding a line between productivity and paralysis....
The newly unveiled U.S.–EU energy framework, announced during the July 27–28 summit in Brussels,...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
Presidio Petroleum is preparing to enter the public markets through a strategic merger with...
Trying to catch up in oil and gas production is difficult enough. It becomes...
Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs...
(Reuters) – U.S. gasoline demand in May fell to the lowest for that month...
Have your oil & gas questions answered by industry experts.