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...
In a significant move for the US oil and natural gas pipeline sector, Oneok Inc. has agreed to acquire Magellan Midstream Partners...
Story by Deon Daugherty |Hart Energy| In the early hours of May 28, 1923, an oil well that almost wasn’t roared to...
Ines Ferré·Markets Reporter |Yahoo Finance|. The imbalance between oil supply and demand is likely to reverse going into the summer, says one...
By: Reuters – The U.S. Department of Energy’s refusal to grant export permit extensions to liquefied natural gas (LNG) developers that fail...
Story by Theron Mohamed |Business Insider| Charlie Munger rakes in $70,000 a year from a $1,000 investment he made six decades ago...
Story by Theron Mohamed |Business Insider|Warren Buffett’s Apple bet has surged in value by almost 40% this year to $158 billion — an...
By: Investing.com – Storage. Storage. Storage. The natural gas market just can’t seem to get enough of storage. With gas inventories from two weeks...
The energy sector is starting higher, supported by strength in the crude complex. Meanwhile, the major equity futures are mixed after US stocks bounced on Thursday following a largely unexplained late-day selloff in the prior session. Headline and core PCE came in a bit cooler than expected for November, fitting the broader disinflation theme.
WTI and Brent crude oil futures are higher in early trading on a weaker dollar and as more maritime carriers are avoiding the Red Sea due to recent attacks on vessels carried out by the Houthi militant group. Oil contracts are set for a second-consecutive higher week as hundreds of large vessels are rerouting around the southern tip of Africa, a longer route adding 10-14 days of travel, to escape drone and missile attacks by Yemeni Houthis that have pushed up oil prices and freight rates. Elsewhere, OPEC has yet to comment on Angola’s decision to leave the group. Oil-related news is quiet so far today in what should be a low-volume session of trading.
Natural gas futures are flat as preliminary estimates have storage for the week-ending today with a draw of (75) to (85) Bcf vs the 5-year average of (123) Bcf.
Benchmark U.S. crude oil for February delivery fell 33 cents to $73.89 per barrel Thursday. Brent crude for February delivery fell 31 cents to $79.39 per barrel.
Wholesale gasoline for January delivery fell 4 cents to $2.16 a gallon. January heating oil fell 1 cent to $2.70 a gallon. January natural gas rose 12 cents to $2.57 per 1,000 cubic feet.
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...
The newly unveiled U.S.–EU energy framework, announced during the July 27–28 summit in Brussels,...
by Andreas Exarheas| RIGZONE.COM | Chevron will “consolidate or eliminate some positions” as part of...
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...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs...
Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off...
(Reuters) – U.S. gasoline demand in May fell to the lowest for that month...
by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
Fossil fuel financing by Wall Street’s leading banks has declined sharply in 2025, highlighting...
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