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...
By: CNBC – Pressuring oil companies through higher taxes is counterproductive at a time when global crude demand is set to outstrip...
STORY BY Joseph Markman| Hart Energy. U.S. upstream CAPEX will increase to about $144 billion in 2023, AllianceBernstein said in a Jan....
By: Reuters – The West’s top energy firms are expected to rake in a combined record profit of $200 billion from a...
Energy stocks are surging alongside broader equities and other risk assets, as October CPI rose less than expected, at +0.4% vs estimates of +0.6%, and core rose 0.3% vs estimates of +0.5%, giving the market a signal that inflation may have peaked. The read-through for markets is the Fed’s rate tightening program is working, and consumer prices may begin to decline. The 10-year Treasury yield fell over 5%, and dropped below the key 4%-mark, currently around 3.93% (as of 9:00 AM ET).
Oil prices were initially lower overnight on China demand concerns and a stronger dollar, though those losses quickly evaporated after the 8:30 AM ET inflation report. Oil prices are now higher by nearly 1% as traders reallocate capital into a variety of risk assets.
Natural gas futures are also higher, trading up 3% around $6.03. Weekly inventory data due out later this morning expects a build of 84 bcf versus the 5-year average of +20 bcf.
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...
The newly unveiled U.S.–EU energy framework, announced during the July 27–28 summit in Brussels,...
by Andreas Exarheas| RIGZONE.COM | Chevron will “consolidate or eliminate some positions” as part of...
Presidio Petroleum is preparing to enter the public markets through a strategic merger with...
Trying to catch up in oil and gas production is difficult enough. It becomes...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs...
Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off...
(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...
Fossil fuel financing by Wall Street’s leading banks has declined sharply in 2025, highlighting...
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