Story Credit: Will Peischel. New York Times. A century after oil barons scoured Texas for prime plots from which to extract black...
OilPrice.com. Chesapeake Energy will be slowing drilling for 2023 amid a sustained plunge in natural gas prices, with other operators following suit...
Story by Business Insider |Natalie Musumeci | Pro-Kremlin Russian pundits are furious over US President Joe Biden’s surprise trip to Ukraine’s capital...
By – ABC13 – Billy Joe “Red” McCombs, a San Antonio businessman who started as a car salesman and grew an empire...
By – Reuters – Oil prices rose over 1% on Monday, buoyed by optimism over Chinese demand, continued production curbs by major...
By: Forbes – Ahead of Arsenal’s home game against Brentford the Clock End at the Emirates Stadium unfurled a black banner with...
REUTERS. At least three proposed U.S. LNG export plants have likely found enough customers to receive financial approvals this year, according to...
By: Reuters – Russia’s decision to cut its crude oil production by 500,000 barrels per day reflects its inability to sell all...
Bernd Debusmann Jr – BBC News. A public meeting that was meant to ease fears about a toxic chemical train spill in...
By: Diana Furchtgott-Roth – Forbes – Pipelines are the safest way to transport oil and natural gas because the pipeline stays still...
(Reuters) - Oil prices fell more than 2% on Monday on signs of progress in talks between the U.S. and Iran, while investors remained concerned about economic headwinds from tariffs that could curb demand for fuel.
Brent crude futures were down $1.70, or 2.5%, at $66.26 a barrel, after closing up 3.2% on Thursday. Thursday was the last settlement day last week because of the Good Friday holiday.
U.S. West Texas Intermediate crude fell $1.60, or 2.5%, to $63.08 a barrel, after settling up 3.54% in the previous session.
"The U.S.-Iran talks seem relatively positive, which allows for people to start thinking about the possibility of a solution," said Harry Tchilinguirian, group head of research at Onyx Capital Group.
"The immediate implication would be that Iranian crude would not be off the market."
Markets also have lower liquidity due to the Easter holiday, which can exacerbate price moves, he added.
In the talks, the U.S. and Iran agreed to begin drafting a framework for a potential nuclear deal, Iran's foreign minister said, following discussions that a U.S. official described as yielding "very good progress."
U.S. stocks ended sharply lower on Monday as investors debated what an early departure of Federal Reserve Chair Jerome Powell might look like for financial markets, after President Donald Trump again slammed Powell.
The Dow Jones Industrial Average went down 971.82 points or 2.5% to end at 38,170.41 for its fourth consecutive daily loss, according to Dow Jones Market Data.
The S&P 500 declined 124.50 points or 2.4% to finish at 5,158.20
The Nasdaq Composite fell 415.55 points or 2.6% to close at 15,870.90 for its fourth consecutive daily loss.
Bill Armstrong isn’t following the industry playbook. As U.S. shale producers consolidate and shrink...
Haynesville Gas Takeaway Grows With Leg Pipeline Launch (P&GJ) — Williams Companies has placed its...
Yuka Obayashi and Katya Golubkova | TOKYO (Reuters) -U.S. President Donald Trump said on...
by Andreas Exarheas| RIGZONE.COM | Chevron will “consolidate or eliminate some positions” as part of...
The newly unveiled U.S.–EU energy framework, announced during the July 27–28 summit in Brussels,...
The U.S. oil and gas industry is riding a line between productivity and paralysis....
Presidio Petroleum is preparing to enter the public markets through a strategic merger with...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
Trying to catch up in oil and gas production is difficult enough. It becomes...
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...
by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
Have your oil & gas questions answered by industry experts.