By: Reuters – Guyana, the South American country that is home to the world’s largest oil discoveries in a decade, next wants...
Story from Michael Kern at OilPrice.com. Natural gas is a fossil fuel that has been used for centuries to power homes, businesses,...
By: Reuters – Oil prices slumped on Friday after the Wall Street Journal reported that the United Arab Emirates had an internal...
[Reuters] Deutsche Bank on March 2 tightened its coal financing policies but has yet to change its criteria for the oil and...
By: Evening Standard – US President Joe Biden is facing a dilemma in the fight over a large-scale oil project in Alaska. The Biden administration is...
By: Forbes – Calgary-based Baytex Energy Corp. announced on Tuesday that is has agreed to acquire Eagle Ford Shale pure-play Ranger Oil Corp....
Story by Filip De Mott. Business Insider. As much as 1.9 million barrels of Russian diesel have been put into floating storage...
By: HART Energy – Private equity firm Quantum Energy Partners is backing a new iteration of Bison Oil & Gas to pursue...
By: Reuters – Banks gave 81 cents in financing support to low carbon energy supply for every dollar they provided to fossil...
By: Reuters – Next month the European parliament is expected to vote on landmark legislation that would put a new onus on...
Brent climbed above $72 a barrel after tumbling more than 6% over the previous two sessions, and West Texas Intermediate surpassed $68. While one Israeli minister suggested that the war with Hezbollah could be over by year-end, the country’s military chief vowed to strike Iran “very hard” should the OPEC producer launch another attack.
The commodity’s gains were bolstered on Wednesday after data from the ADP Research Institute showed hiring at US companies accelerated by the most in over a year, while Reuters reported that OPEC+ nations could delay plans to revive oil production in December, citing unnamed sources. However, two OPEC+ delegates said that the group hasn't begun discussions yet.
Voters say their most important issue in this presidential election is the economy, and with less than a week until Election Day, they are about to be given a lot of homework. There will be a rush of economic reports dropping before November 5, and you're about to see a lot of data condensed and stripped of context for headlines and speeches.
As if there wasn't enough chaos, the Boeing strike and aftermath of Hurricanes Helene and Milton will likely muddle some of the data. In the final stretch of automated texts asking for $20, here's an economy vibe check: Two new reports released yesterday seemed to signal a positive-but-cooling labor market, while the US government will release its first estimate of last quarter's GDP growth today, which is expected to be a healthy 3%. A report on Thursday measuring personal consumption expenditures is expected to show inflation dropping to 2.1% in September, tantalizingly close to the Fed's 2% goal. The big one on Friday, October's jobs report, will offer a blurry look at the labor market, with an expected 4.1% unemployment rate (the lowest preelection unemployment rate in 24 years) but a sluggish job growth rate because of the strike and hurricanes. It's hard to say whether the deluge of percentage point changes will make a difference to voters, especially in this tight election, as gas prices, which presidents have little control over, are nonetheless near a three-year low.
Haynesville Gas Takeaway Grows With Leg Pipeline Launch (P&GJ) — Williams Companies has placed its...
Bill Armstrong isn’t following the industry playbook. As U.S. shale producers consolidate and shrink...
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...
Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
(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...
Mexico’s energy story has turned again. After years of political resistance to hydraulic fracturing,...
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