Story By Nissa Darbonne | Oil and Gas Investor | EOG Resources Inc. is looking at delaying completions in its behemoth Dorado...
Callon Petroleum Company has announced two definitive agreements that will consolidate and refocus its operations, speed up the attainment of its debt...
By: CNBC – British oil giant Shell on Thursday posted a stronger-than-anticipated first-quarter profit, extending a record run of bumper results after...
Story by Jerry Bohnen, OK Energy Today. Despite losses in Oklahoma’s oilfield activity in the past few weeks as reported by Baker...
By: Idaho Capital Sun – Members of the U.S. Senate Energy and Natural Resources Committee used a Tuesday hearing on the Interior...
DUBAI, May 3 (Reuters) – Iran seized a second oil tanker in a week on Wednesday in Gulf waters, the U.S. Navy...
By: KOSU – Rep. Mark McBride, R-Moore, authored House Bill 2561, which exempts the natural gas industry from the rule. He said...
Story By Irina Slav for Oilprice.com. The end of oil and gas is nigh. In a decade or so, demand will begin...
Story by Andreas Exarheas | RigZone. For the most part, oil and gas professionals are not worried about artificial intelligence (AI). That’s according...
Story by Nissa Darbonne|Oil and Gas Investor. OPEC members hope their 1.16-MMbbl/d cut will get Brent to more than $90, said Scott...
(Reuters) - Oil prices fell more than 2% on Thursday, as investors weighed the potential impact of U.S. President Donald Trump's tariffs on global economic growth.
Brent crude futures settled at $68.64 a barrel, down $1.55, or 2.21%. U.S. West Texas Intermediate crude finished at $66.57 a barrel, down by $1.81, or 2.65%.
On Wednesday, Trump threatened Brazil, Latin America's largest economy, with a punitive 50% tariff on exports to the U.S., pressuring his Brazilian counterpart Luiz Inacio Lula da Silva over Brazil's trial of former President Jair Bolsonaro over charges of plotting a coup to stop Lula from taking office in 2023.
Higher interest rates make borrowing more expensive and can slow demand for oil.
OPEC+ oil producers are set to approve another big output boost for September, as they complete unwinding voluntary production cuts by eight members and the United Arab Emirates' move to a larger quota.
However, OPEC+ indicated it may pause output hikes in October because of a possible peak in oil demand, said Phil Flynn, senior analyst with Price Futures Group.
Two of three major U.S. stock market indexes closed at record levels of Thursday, as investors counted on corporate earnings to prevail over inflation risks and President Trump's tariffs.
The S&P 500 ended roughly 0.3% higher at about 6,280, a fresh record close, according to preliminary data.
The Nasdaq Composite gained about 0.1% to end near 20,630, also a record close.
The Dow Jones Industrial Average added about 0.4%.
Crude oil inventories in the United States increased by 7.1 million barrels during the week ending July 4, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The build brings commercial stockpiles to 426 million barrels, still 8% below the five-year average for this time of year.
Additionally, stocks at the Cushing, Oklahoma, delivery hub decreased by 464 thousand barrels.
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...
Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off...
By Adam Smeltz | UNIVERSITY PARK, Pa. – Oil produced from shale reservoirs drove...
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...
Fossil fuel financing by Wall Street’s leading banks has declined sharply in 2025, highlighting...
by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
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,...
˃ Financing from the six largest Wall Street banks for oil, gas, and coal...
Have your oil & gas questions answered by industry experts.