Oil prices erased earlier losses and moved higher on Thursday just after the U.S. Bureau of Labor Statistics released data for October...
By: Texas Tribune – Republican state Sen. Dawn Buckingham, R-Lakeway, won the race for Texas land commissioner Tuesday, putting her in charge...
By: Reuters – The United States and European Union plan to unveil a joint agreement this week to step up efforts to...
By: Reuters – Spain’s Iberdrola (IBE.MC) will invest 47 billion euros ($47 billion) in electricity networks, renewable energy production, and customer businesses...
Refracs? From OilPrice.com. A global oil shortage and high fuel prices have triggered calls from President Joe Biden’s administration for U.S. shale...
I have argued in a succession of OilPrice articles, here, here, and here, that the era of rapid growth in shale production output was coming...
By: Reuters – British Prime Minister Rishi Sunak is poised to announce a major natural gas deal with the United States after...
By: Reuters – The global liquefied natural gas (LNG) market is undergoing a triple flattening, with prices, volumes, and seasonality leveling off...
HOUSTON (Reuters) – Exxon Mobil Corp will take up to a $2 billion loss on the highly leveraged sale of a troubled...
By: Bloomberg – A high-resolution satellite image taken less than 48 hours ago appears to show methane releases from China’s largest oilfield....
The growing clout of U.S. oil means that any downward change in U.S. production would have an upward effect on global prices and vice versa.https://t.co/krufJkZw8E
— OilPrice.com (@OilandEnergy) August 7, 2023
The energy sector is poised for a lower start, ending a three-day winning streak amid further weakness in the crude complex and after major equity futures turned lower. Investor sentiment took a hit this morning after Moody’s downgraded their credit rating on several banks and warned of possible cuts to others, driving the entire sector lower and reigniting fears of the health of the U.S. banking systems. Earnings season continued to wind down today with just a handful of producers and midstream operators announcing results but earnings will start to take a back seat as attention shifts to Thursday’s July CPI print, this week's key macro event.
WTI and Brent crude oil futures extended yesterday’s declines into this morning’s session, pressured by Chinese trade data which showed imports and exports fell much more than expected in July, strength in the dollar, and as traders begin to assess the impending end of the U.S. summer driving season.
After three-consecutive days of strong gains, natural gas futures steadied this morning with attention still on ongoing heat warnings across the U.S. and forecasts turning hotter for the third week of August.
Bill Armstrong isn’t following the industry playbook. As U.S. shale producers consolidate and shrink...
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...
Haynesville Gas Takeaway Grows With Leg Pipeline Launch (P&GJ) — Williams Companies has placed its...
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...
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