By: Reuters – President Vladimir Putin said Russia would see higher oil and gas revenues by the end of the second quarter...
By: Quartz – In 2022, the US government helped fight inflation with a smart oil trade: Selling from the Strategic Petroleum Reserve...
Bloomberg) — Europe’s natural gas market is showing signs of lingering concern over next winter’s fuel supplies, even as immediate frictions ease....
By: Reuters – Exxon Mobil (XOM.N) is poking around in the wrong area. Buying Pioneer Natural Resources (PXD.N) would cost a chunky $64 billion. The implied...
Story by James Osborne, Houston Chronicle. WASHINGTON – U.S. grid operators are raising alarms the power grid is becoming less reliable and...
In the wake of a 4.0 magnitude earthquake, along with several smaller tremors in Lincoln County, Oklahoma, the Oklahoma Corporation Commission (OCC)...
By: Reuters – EnCap Investments is exploring the sale of two Permian basin-focused oil and gas producers that could collectively fetch the...
The latest oil and gas rig count provided by Baker Hughes Co. offers yet another indication of a slowing economy as numbers...
By: Texas Tribune – The Texas Senate on Wednesday approved two major bills aimed at building more on-demand power generators such as...
The Mexican government has agreed to purchase 13 power plants from Spanish energy giant Iberdrola in a deal worth $6 billion. President...
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.
Mineral rights fragmentation is not a temporary crisis but an inherent, perpetual friction in...
Natural gas remains the leading source of electricity generation in the United States, but...
President Donald Trump used his address at the United Nations General Assembly this week...
West Texas holds a treasure trove of natural gas that could become a critical...
TotalEnergies has signed an agreement with Continental Resources to acquire a 49% interest in...
by Bloomberg [via RigZone.com] |Veena Ali-Khan, Mia Gindis| Oil notched its biggest weekly gain...
By DANIEL JONES, US CONSUMER EDITOR | Daily Mail | and REUTERS | Exxon Mobil...
By Claire Hao, Staff Writer| Houston Chronicle| Vistra plans to build two new natural gas...
By Mella McEwen,| Midland Reporter Telegram | John Sellers and Cody Campbell, co-chief executive officers...
AXP Energy has confirmed the presence of hydrocarbons in multiple pay zones at its...
Ukraine’s ongoing drone campaign has become a major headache for Moscow, targeting one of...
OPEC+’s production hikes have been a tool to both punish countries that were overproducing...
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