By: Reuters – The $60 price cap on seaborne Russian oil agreed upon by the Group of Seven nations and Australia is...
Derek Brower, Financial Times. Shale pioneer Harold Hamm has hit out at the U.S.’s oil deal with Venezuela, saying it marked a...
(Bloomberg) — The Biden administration is seeking to stop sales from the Strategic Petroleum Reserve (SPR) mandated by Congress so it can...
From OilPrice.com. The European Union has spent most of this year importing natural gas from any source available, including sanctioned Russia, after...
By: KFOR – Three former state legislators are calling on current lawmakers to investigate the Oklahoma Corporation Commission for what they’re saying...
From MarketWatch: After outperforming both the S&P 500 and Nasdaq Composite in November, the Dow Jones Industrial Average has exited bear market...
By: CNBC – A group of some of the world’s most powerful oil producers is highly likely to take further measures to...
By: Reuters – Italy plans to apply a 50% one-off windfall tax next year on surplus income of energy companies that have...
By: Salt Lake Tribune – No public land in Utah has been auctioned for oil and gas development since President Joe Biden...
(Bloomberg) — The war in Ukraine is strengthening the role of Asia and the Middle East as the world’s main providers of...
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...
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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