By: Reuters – A Texas official has offered big financial companies a potential avenue to leave an energy sanctions list if they...
From Yahoo.com. Climate change is a real and urgent problem. More than a century of carbon emissions is warming the planet and...
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By: Daily Times – Pak Ambassador to the United States Ambassador Masood Khan has said that $70 million in bilateral trade between...
By: AL.com – The nation’s largest public utility on Friday recommended replacing an aging coal-burning power plant with natural gas, ignoring calls...
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...
Inflation ticked up slightly on an annual basis in October, the latest evidence that while cost increases were coming under control, they were not entirely vanquished.
The Consumer Price Index, released on Wednesday, climbed 2.6 percent from a year earlier, higher than September’s 2.4 percent. And after food and fuel prices were stripped out to give a better sense of the underlying inflation trend, “core” inflation held steady at 3.3 percent.
WTI crude oil prices remained near their November lows, trading around $68.39 per barrel Wednesday morning, as bearish market factors capped any gains during yesterday's session. In the physical market, indicators suggest a supply glut is emerging sooner than expected, while the futures market is displaying signs of oversupply. Additionally, OPEC reduced its demand growth forecasts for the fourth consecutive month, and the strong US dollar made commodities priced in the currency less attractive.
Despite some activity in the physical market supporting the Dated Brent benchmark, the overall outlook for oil remains weak. Global supply is expected to outpace demand next year, and China's latest economic measures fell short of direct stimulus while inflation remains subdued. Traders continue to monitor tensions in the Middle East, the possibility of a second Trump presidency, and OPEC+ production decisions, all of which contribute to the choppy trading environment in the mid-$60s to mid-$70s range.
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...
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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Trying to catch up in oil and gas production is difficult enough. It becomes...
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(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...
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