By: Bloomberg – US President Joe Biden is nearing a critical decision on a massive proposed oil project in northwest Alaska that...
By: Hellenic Shipping News – Argentina posted record production of shale oil in December, the energy ministry said on Tuesday, as the...
From Hart Energy. Halliburton Co. reported a 21% hike in quarterly net income to $656 million on Jan. 24, beating analysts’ estimates...
By: The Dallas Morning News – Consolidation in the Texas Oil Patch is gaining momentum this week after Dallas-based Matador Resources Co....
Story Credit: Yahoo News. At a White House press briefing on Monday, Energy Secretary Jennifer Granholm was asked by Yahoo News to...
By: Reuters – President Joe Biden will veto a bill by U.S. House of Representatives Republicans on the Strategic Petroleum Reserve (SPR)...
By: The Guardian – Colombia’s leftwing government has announced that it will not approve any new oil and gas exploration projects as...
By: France 24 – US shale gas output has lost none of its momentum, but when it comes to oil, the US shale revolution is...
By: Reuters – The Public Utility Commission of Texas (PUCT) on Thursday adopted a new market design for the state’s electric grid...
By: Reuters – Mexican state oil company Pemex illegally burnt off hydrocarbon resources worth more than $342 million in the three years...
The energy sector is off to a mixed-to-lower start, pressured by weakness in the underlying commodities. Meanwhile, the major equity futures are higher as investors digest the latest PPI data and ahead of the release of the Federal Reserve’s September policy meeting minutes. The producer price index rose 0.5% for September, coming out higher than the Dow Jones estimate for a 0.3% rise. While slightly higher than what economists expected, the September figure still represented a slowing from the 0.7% producer prices increase in the prior month.
WTI and Brent crude oil futures are extending yesterday’s modest declines as the focus shifts away from the possibility of supply disruptions due to geopolitical tensions in the Middle East. Concerns over the conflict between Israel and Palestinian Islamist group Hamas are easing, with Saudi Arabia saying on Tuesday it is working with regional and international partners to prevent the escalation of the situation in Gaza and neighboring areas.
Natural gas futures are pivoting after six consecutive days of gains after consensus for tomorrow's EIA storage report showed a build of +94 Bcf vs 5-yr average of +93 Bcf.
by Andreas Exarheas | RigZone.com |In a release sent to Rigzone this week, Enverus announced...
By Tsvetana Paraskova for Oilprice.com | U.S. oil producers flocked to hedge higher prices...
Story By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) revealed its...
By a 6–0 vote, the Texas Supreme Court has handed a major victory to...
A-list actors are turning their attention to Wall Street, and this time, the plot...
The oil and gas sector is undergoing a major digital overhaul, and data is...
Amid rising global tensions following U.S. strikes on Iranian nuclear sites, former President Donald...
By Tsvetana Paraskova for Oilprice.com | Equinor and its partners have decided to invest...
(Reuters) -An $88 million satellite backed by billionaire Jeff Bezos that detected oil and...
Story By Andreas Exarheas| RigZone.com |Executives from oil and gas firms have revealed where...
Global energy markets are watching a delicate balancing act unfold. Between renewed signals of...
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