Chesapeake Energy Corp. was one of the biggest stars of the fracking boom, riding high for years on its ability to tap vast...
By: Hart Energy – The U.S. Energy Information Administration (EIA) slashed its 2023 estimate for the benchmark WTI average price by 10.6%...
By: Hobbs News-Sun – Keeping the No. 1 spot among the nation’s counties, Lea County hit the record books again, logging almost...
Story from Hart Energy, via Yahoo News. The roots of oil and gas’ looming talent challenge began with the end of the...
Bloomberg. Russian President Vladimir Putin’s plans to squeeze Europe by weaponizing energy look to be fizzling at least for now. Mild weather,...
MEXICO CITY (Reuters) – The leaders of the United States, Canada and Mexico are due to hold a summit next week, where...
RigZone.com. BP plans to invest $7 billion in its Gulf of Mexico business by 2025, according to a new report published by...
From Barron’s. Shell, Europe’s largest oil and gas company, said it will have to pay about $2 billion in additional taxes in the...
From Reuters: OPEC will likely take steps to boost oil prices, which started the year in free-fall, the chief executive of top shale producer Pioneer...
Story By Andrew Baker, NaturalGasIntel. An increasingly small percentage of oil and natural gas wells is supplying the majority of U.S. production,...
The energy sector is off to a lower start, pressured by weakness in the crude complex and the major market futures. U.S equities are expected to open lower amid fears of further interest rate hikes by the Federal Reserve. As earnings season ramps up, Baker Hughes announced first-quarter earnings that beat Wall St expectations as strong oil prices continue to support demand for their services and equipment. UBS analyst Josh Silverstein initiated coverage across 19 oil & gas stocks and assumed coverage over CVX, SLB and XOM.
Oil futures are extending their weekly losses as traders remain focused on the possibility of another modest rate hike. Concerns over a slowing economy and fuel demand outweighed positive Chinese economic data and a draw in crude inventories according to the API. Markets are now pricing in an 86% chance of the Fed raising rates by 25 basis points at its May policy meeting. As anticipated, China's GDP grew by more than expected at 4.5%, for the first quarter and surpassed analyst expectations. Their refinery throughput also rose to record levels in March. Investors will be keeping an eye out for EIA data which will be released later as last night’s API data showed crude stocks fell by 2.68 million barrels last week.
Natural gas futures are lower amid forecasts for cooler temperatures and lower heating demand than previously expected.
Benchmark U.S. crude oil for May delivery rose 3 cents to $80.86 a barrel Tuesday. Brent crude for June delivery rose 1 cent to $84.77 a barrel.
Wholesale gasoline for May delivery fell 2 cents $2.75 a gallon. May heating oil fell 1 cent to $2.60 a gallon. May natural gas rose 9 cents to $2.37 per 1,000 cubic feet.
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 Adam Smeltz | UNIVERSITY PARK, Pa. – Oil produced from shale reservoirs drove...
Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off...
Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs...
Fossil fuel financing by Wall Street’s leading banks has declined sharply in 2025, highlighting...
Key Highlights Global oil inventories are expected to grow more than 2 million b/d...
The race to lower costs and accelerate production timelines in the Permian Basin has...
Mexico’s energy story has turned again. After years of political resistance to hydraulic fracturing,...
by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
˃ Financing from the six largest Wall Street banks for oil, gas, and coal...
The U.S. Geological Survey has released a fresh look at the Phosphoria Total Petroleum...
Have your oil & gas questions answered by industry experts.