By: The National Observer – Canada won’t agree to add language calling for the phaseout of all fossil fuels – including oil...
By: WP – Iron Horse Midstream has announced its plans to construct a new, 200 million ft3/d gas cryogenic processing plant on...
By: Wall Street Journal – Dwindling stockpiles of diesel have driven prices to a record premium over gasoline and crude oil, showing...
Story by Emily Patsy, Hart Energy: Diamondback Energy Inc. continued to add onto its position in the Midland portion of the Permian...
By: Reuters – Oil output in the Permian Basin is set to hit another record of 5.499 million barrels per day in...
Bob Campbell, Odessa American, Texas. Observing its 10th anniversary as a publicly traded company, Diamondback Energy had a successful third quarter and...
By: AP – The U.S. Interior Department’s plan to withdraw hundreds of square miles in New Mexico from oil and gas production...
By: SF Chronicle – Marin County is poised to require that new buildings get all of their energy from electricity rather than...
Business Insider: Two ships with their trackers turned off sailed near the leak sites of the Nord Stream 2 pipelines just days...
By: EPA.gov – January Environmental Services, Inc., January Transport, Inc., and company-owner Cris January will pay civil penalties of $1.9 million and...
Iran’s ability to choke off the Strait of Hormuz, the crucial waterway connecting the Persian Gulf with the Gulf of Oman and the Arabian Sea, is a key question for investors. But it isn’t the only concern when it comes to flows of crude and other energy products out of the Middle East.
The potential for Iran to shut down shipping routes, particularly the strait, through which ships carrying roughly 20 million barrels a day of oil and oil products and 20% of the world’s liquefied-natural-gas supply, has long served as a boogeyman for investors, oil traders, shippers and world leaders. Now that threat is front and center following President Donald Trump’s decision to involve the U.S. directly in the Israel-Iran war Saturday by bombing Iranian nuclear sites.
“My initial take is that while odds of a full closure of the Strait of Hormuz remain below 50%, they are clearly higher than they were on Friday,” Rebecca Babin, senior energy trader and managing director at CIBC Private Wealth in New York, told MarketWatch.
“If the Strait of Hormuz became non-navigable, it would constitute pretty much an unprecedented negative supply shock for the energy markets, at least in recent history,” said Minna Kuusisto, chief analyst at Danske Bank in Copenhagen, in a Sunday note.
Haynesville Gas Takeaway Grows With Leg Pipeline Launch (P&GJ) — Williams Companies has placed its...
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...
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...
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...
Fossil fuel financing by Wall Street’s leading banks has declined sharply in 2025, highlighting...
by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
Mexico’s energy story has turned again. After years of political resistance to hydraulic fracturing,...
The race to lower costs and accelerate production timelines in the Permian Basin has...
˃ Financing from the six largest Wall Street banks for oil, gas, and coal...
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