By: Reuters – Shipments of refined products from French refinery and depots were blocked on Monday by a 13th day of strike...
Energy Story by Catherine Boudreau, Jacob Zinkula [Business Insider] President Joe Biden can’t quit fossil fuels even though he knows he needs...
Did Nord Stream attackers in hired yacht take late-night delivery of explosives in scenic German harbor before a dangerous dive mission to...
By: Reuters – Exxon Mobil Corp (XOM.N) has successfully started up a new $2-billion crude distillation unit (CDU) at its Beaumont, Texas refinery,...
By: Reuters – Oil prices clawed back some ground on Thursday after sliding to 15-month lows in the previous session as markets...
While the government reported U.S. crude oil exports set a record of 3.6 million barrels a day in 2022, the amount of...
Story from Hart Energy, by Jaxon Caines. The drilling market is a cyclical one, enduring many years of highs and many years...
Devon Energy (DVN) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of...
By: BBC – The company behind the Willow project, ConocoPhillips, says it will create local investment and thousands of jobs. But the...
By: Reuters – Northern States Power Co asked to extend the operating license of its Monticello nuclear reactor in Minnesota by another...
Oil prices are surging, with WTI trading around $110.59 and Brent crude oil at $113.28, amid tight global oil supply-demand dynamics. Meanwhile, OPEC+ agreed on Thursday to another modest monthly oil output increase, arguing that the producer group could not be blamed for disruptions to Russian supply and saying China's coronavirus lockdowns threatened the outlook for demand.
Natural gas futures are slightly lower, down 10 cents and trading around $8.31, near fresh 13-year highs. Stable production, tight supply, and Russian embargos are all contributing. Analysts expect a build of 69 bcf in today’s weekly inventory report.
Energy stocks are set to open mostly higher, with surging profits being reported across the sector, and large gains in oil and natural gas prices this morning underpinning the sector. A slew of earnings releases across the E&P, OFS, and driller groups reported last night and this morning were lifted by booming commodity prices, which have driven robust profits. The theme of passing through surplus cash flow to investors remained prevalent, with dividends boosted widely and share repurchase announcements both announced and increased.
ConocoPhillips, Shell, Pioneer Natural Resources, California Resources, and Chesapeake Energy were among those that either increased dividends and initiated or increased share repurchases.
By Adam Smeltz | UNIVERSITY PARK, Pa. – Oil produced from shale reservoirs drove...
Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off...
Key Highlights Global oil inventories are expected to grow more than 2 million b/d...
By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) cut its West...
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,...
The U.S. Geological Survey has released a fresh look at the Phosphoria Total Petroleum...
US crude inventories drop by 6 million barrels, exceeding forecasts Uncertainty over Ukraine peace...
˃ Financing from the six largest Wall Street banks for oil, gas, and coal...
Chevron’s acquisition of Hess closed in July after months of arbitration and integration planning,...
Mergers and acquisitions in the U.S. oil and gas sector surged in 2024, more...
By Clyde Russell (Reuters) – There are early signs that some Asian countries are...
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