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...
Energy stocks opened deep in the red, alongside sliding equity futures and oil and natural gas prices. Investors are continuing to take down risk exposure amid rising rates and the ultra-hawkish tone set by Federal Reserve Chairman Jerome Powell on Wednesday. Trading volumes will be elevated today due to the quarterly expiration of futures and options, as well as index rebalancing.
Oil fell almost 3% on Friday as the market assessed the aftermath of interest rates hikes by central banks, but was still poised for a weekly gain amid supply disruption concerns and hopes for a recovery of demand in China. The U.S. Federal Reserve indicated it will raise interest rates further next year, even as the economy slips toward a possible recession. On Thursday, the Bank of England and the European Central Bank raised interest rates to fight inflation. "There are so many driving forces in the oil market at the moment and a more somber economic outlook on the back of the hawkish central bank message this week appears to be the dominant one going into the weekend," said Craig Erlam, analyst, at OANDA.
Natural gas futures are down 7%, tracking weaker oil and equity futures in today’s risk-off session.
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...
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 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....
By Felicity Bradstock for Oilprice.com | The United Nations Development Programme (UNDP) and the...
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...
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