As the first quarter of the year comes to a close, US fuel manufacturers are anticipated to report increased earnings due to...
By Chris Matthews, Hart Energy: Following a record year of dealmaking for oil and gas minerals and royalties in 2022, experts say...
Story by Patrick McGee, Hart Energy. After a multiyear hiatus, private equity is returning to upstream oil and gas, with the likelihood of...
In a proactive effort to address the issue of abandoned oil and gas wells, the New Mexico State Land Office has plugged...
Credit: S&P Global 1. Asian refiners expect limited OPEC+ cut impact on H2 term crude supply What’s happening? Saudi Arabia, Iraq, the...
On Wednesday, the German cabinet approved a bill prohibiting most new oil and gas heating systems from 2024, aimed at reducing greenhouse...
Mrinalika Roy – [Reuters] Companies with a focus on the oil-rich Permian Basin are likely to be at the center of the...
Intense competition among developers and rising costs are creating challenges for new liquefied natural gas (LNG) projects in the United States, even...
April 17 (Reuters) – Iraq’s federal government and the Kurdistan Regional Government (KRG) have ironed out technical issues essential to resuming northern...
Oil prices experienced a downturn on Monday as investors weighed the potential impact of a May interest rate hike by the U.S....
(Reuters) - Oil prices dropped by less than 1% on Tuesday after U.S. President Donald Trump's 50-day deadline for Russia to end the war in Ukraine and avoid sanctions eased concerns about any immediate supply disruption.
Brent crude futures settled down 50 cents, or 0.7%, at $68.71 a barrel. U.S. West Texas Intermediate crude futures were down 46 cents, or 0.7%, at $66.52.
"The focus has been on Donald Trump. There was some fear he might target Russia with sanctions immediately and now he has given another 50 days," said UBS commodities analyst Giovanni Staunovo. "Those fears about an imminent additional tightness in the market have dissipated. That's the main story."
Oil prices had climbed on the potential sanctions, but later gave up gains as the 50-day deadline raised hopes that sanctions could be avoided.
In the event the proposed sanctions are implemented, "it would drastically change the outlook for the oil market," analysts at ING said in a note.
China, India, and Turkey are the largest buyers of Russian crude oil. They would need to weigh the benefits of buying discounted Russian crude oil against the cost of their exports to the U.S.," ING said.
U.S. stocks finished mostly lower on Tuesday after consumer prices in June posted the biggest increase seen since earlier this year, potentially preventing the Federal Reserve from cutting interest rates later this month.
But Wall Street saw a tale of two markets on Tuesday, as a rally in shares of semiconductor names propelled the tech-heavy Nasdaq Composite to a fresh all-time closing high.
The Nasdaq Composite ended up 0.2% at near 20,677, according to preliminary data from FactSet.
The S&P 500 was off 0.4% to end at around 6,243.
The Dow Jones Industrial Average fell by more than 400 points, or nearly 1%, ending near 44,023.
Ian M. Stevenson | EENews.net | Falling royalty rates for oil and gas production...
Diversified Energy Company Plc has announced a $550 million acquisition of Canvas Energy, a...
Reporting by Gavin Maguire | (Reuters) – U.S. power developers are planning to sharply...
The U.S. oil and gas industry is entering a period of retrenchment, marked by...
Data centers across the United States are increasingly grappling with one of the most...
Authored by Jill McLaughlin via The Epoch Times, | California regulators fearing a dramatic...
By Mella McEwen,Oil Editor | MRT | Crude prices have spent much of the year...
[energyintel.com] A data center boom in the US is straining the grid and pushing...
Oklahoma City, OK – September 16, 2025 — In a market where many mineral...
The temporary closure of the Chief Drive In Theatre in Ninnekah has sparked local...
The International Energy Agency (IEA) has issued a stark warning that the world’s oil...
Canada’s ambitions to become a global energy powerhouse gained momentum just two months after...
Have your oil & gas questions answered by industry experts.