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...
The Hill: Treasury Secretary Janet Yellen in a new interview expressed worry that OPEC+ countries’ decision to cut oil production will hurt...
The U.S. plans to temporarily allow gasoline with high ethanol content to be sold this summer in a bid to tame high fuel prices, administration officials say https://t.co/5b3JU3MK5g
— The Wall Street Journal (@WSJ) April 12, 2022
The energy sector is pointing to a higher start and set to recover most of yesterday’s losses as benchmark crude futures bounced off six-week lows while major equity futures surged higher and treasury yields backed off following key inflation data. The March consumer prices report showed inflation excluding food and energy costs were slightly less than expected, taking some pressure off markets concerned about aggressive interest rate hikes.
WTI and Brent crude oil futures rebounded this morning, gaining amid reports that Shanghai relaxed some of its COVID-19 restrictions which eased concerns about Chinese demand and as OPEC warned it would be impossible to replace potential supply losses from Russia. Shanghai yesterday said that more than 7,000 residential units had been classified as lower-risk areas after reporting no new infections for 14 days and districts have since been announcing which compounds can be opened up.
A key hearing is set for this Friday in Big Spring, Texas, in a...
Behind the rolling plains and rocky outcrops of southwestern Oklahoma, a quiet transformation is...
Story By Alex DeMarban |ADN.com| The oil explorer whose last major discovery in Alaska opened...
Story By Alex Kimani for Oilprice.com | Saudi Arabia is getting ready to engage...
Mexico’s private oil producer Hokchi Energy is locked in a high-stakes standoff with Pemex...
A quiet energy revolution is unfolding in Appalachia, where natural gas from the Marcellus...
By David O. Williams |RealVail.com| President Donald Trump is poised to issue an executive order...
The World Bank has made a landmark decision by lifting its long-standing ban on...
By Irina Slav for Oilprice.com| The 411,000 barrels daily that OPEC+ said it would...
In the last 24 hours, tensions in the Middle East have entered a new...
Tensions between Israel and Iran have sparked a surge in oil prices this June,...
By Tsvetana Paraskova for Oilprice.com | A total of 93 oil and gas firms...
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