By: BBC – Energy giant BP has reported record annual profits as it scaled back plans to reduce the amount of oil...
AUSTIN, Texas (AP) — Like thousands of other Austin residents, Darin Murphy began a sixth day Monday with no power in his...
By: Reuters – United Nations Secretary-General Antonio Guterres on Monday told fossil fuel producers they “should not be in business” unless they...
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By: S&P Global – China’s refineries will cut clean oil product exports in February as domestic demand in January was better than...
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By: Reuters – Oil prices were steady on Thursday as looming sanctions on Russian oil products added uncertainty over supply but the...
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By: S&P Global – Amid declining forecasts for US oil and natural gas consumption, a different story is being told in the...
As fears of a recession persist but have yet to be realized, U.S. employers added 209,000 jobs in June, the Labor Department reported Friday. The unemployment rate was 3.6 percent, compared with 3.7 percent in May.
It was the 30th consecutive month of gains in American payrolls, but the June figure represented a continued cooling of the labor market. The total was down from a revised 306,000 in May and was the lowest since the streak began. The figures are seasonally adjusted.
Energy stocks and broader equities are trading firmly in negative territory, with losses in futures accelerating following robust private sector payrolls growth in June. ADP reported new job openings grew by 497,000 in June, more than double expectations. While this illustrates a strong labor market, it increases the likelihood of further rate increases from the Federal Reserve in the near term.
Oil prices were little changed on Thursday as the market digested tighter crude supply alongside fears of a global economic slowdown. On the supply side, top oil exporters Saudi Arabia and Russia announced a fresh round of output cuts for August. The total cuts now stand at more than 5 million bpd, equating to 5% of global oil output.
Natural gas futures are lower by a penny on higher gas output, which overshadowed forecasts for hotter weather.
After a long slump, Oklahoma’s natural gas sector is once again showing signs of...
President Donald Trump’s latest legislative push, known as the “One Big Beautiful Bill,” marks...
WASHINGTON (Reuters) – American companies unveiled a series of significant AI and energy investment...
Oklahoma’s largest oil and gas operators are lining up to claim a new $50...
Yuka Obayashi and Katya Golubkova | TOKYO (Reuters) -U.S. President Donald Trump said on...
Baker Hughes, Hunt Energy, and Argent LNG are forming a partnership to create a...
By Charles Kennedy for Oilprice.com | Shell and other major energy players have withdrawn...
Merger and acquisition activity in the U.S. upstream oil and gas sector slowed significantly...
By Felicity Bradstock for Oilprice.com | The United Nations Development Programme (UNDP) and the...
The U.S. oil and gas industry is riding a line between productivity and paralysis....
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,...
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