Sabrina Valle, Reuters. Exxon Mobil Corp. said on Oct. 17 that it left Russia completely after President Vladimir Putin expropriated its properties...
By: Forbes – The public markets served their purpose for Harold Hamm. Now he doesn’t need them anymore. The pioneering oil wildcatter...
By: Business Insider – Schlumberger, the Texas-based oilfield services company, is failing to offer an escape route from Vladimir Putin’s conscription orders...
By: Reuters – Gazprom CEO Alexei Miller on Sunday said plans to cap the price of Russian gas exports would cause supplies...
Bismarck Tribune – North Dakota oil production in August remained flat, while natural gas production dropped by 1%, the state Department of...
By: Reuters – U.S. oil major Chevron Corp (CVX.N) expects high European prices for liquefied natural gas (LNG) to attract a majority of...
STORY FROM HART ENERGY: Diamondback Energy Inc. agreed to acquire FireBird Energy LLC, a private Midland Basin operator backed by RedBird Capital...
By: Oil and Gas Investor – Investors will avoid the oil patch, we were told, until they become convinced that E&Ps are...
BUSINESS INSIDER: JPMorgan CEO Jamie Dimon said the US should pump more oil amid the world’s energy crisis, just days after the...
By: Financial Times – BlackRock has lost more than $1bn in asset management business in US Republican states upset with the company’s...
President Biden landed in Israel as the world waited for evidence of whether a Hamas-linked group or Israel caused a devastating explosion yesterday at a hospital in Gaza City.
The explosion, evidently from a missile, killed hundreds of people and injured hundreds more. (This video, verified by Times journalists, shows the moment the blast destroyed the hospital.)
After Biden landed, he seemed to endorse Israel’s denial of responsibility. “Based on what I’ve seen, it appears as though it was done by the other team, not you,” he said. “But there’s a lot of people out there not sure.”
The U.S. crude inventory balance fell by 4.383M barrels during the week ended Oct. 13, according to the API. That contrasted with a 12.94M jump in the prior week to Oct. 6 led largely by a sharp decline in exports.
Aside from that balance, the API also noted a 1.005M barrel decline at the Cushing, Oklahoma delivery point for U.S. crude, versus the previous week’s draw of 0.547M. Cushing storage levels have dropped drastically this year, prompting concerns they might reach such critical lows to complicate operations at the storage hub.
On the fuel side, the petroleum trade group reported a gasoline inventory slide of 1.578M barrels and distillate stock drop of 0.612M barrels. In the prior week, gasoline saw a 3.645-M barrel build while distillates experienced a 3.535M drop.
It sounds like something out of a Netflix crime drama, but this one’s all...
In a stark reminder of the volatile energy landscape and the relentless drive for...
by Andreas Exarheas | RigZone.com | In an EBW Analytics Group report sent to Rigzone...
By Irina Slav for Oilprice.com | In January, China’s National Energy Administration said it was eyeing...
In a move that is raising eyebrows across the global oil industry, ConocoPhillips has...
by Bloomberg|David Wethe, Alix Steel | Energy Secretary Chris Wright sought to reassure US...
By Georgina McCartney | (Reuters) -The U.S. upstream oil and gas M&A market is...
A Houston-based fuel company says Tesla still hasn’t paid for millions of dollars’ worth...
Source: EIA | Higher oil prices, increased drilling efficiency, and structurally lower debt needs...
After months of tough negotiations and political tension, the United States and Ukraine have...
Russia and Iran have cemented a preliminary energy pact that could dramatically reshape regional...
Gavin Maguire| LITTLETON, Colorado-(Reuters) | U.S. exports of LNG so far this year have...
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