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STORY FROM HART ENERGY: Diamondback Energy Inc. agreed to acquire FireBird Energy LLC, a private Midland Basin operator backed by RedBird Capital...
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By Rebecca Kheel, Military.com. A trio of Democratic lawmakers wants to pull all U.S. military troops out of Saudi Arabia and the...
Energy stocks opened just above breakeven levels, tracking higher broader market futures, which erased premarket losses and shifted into the green following tame January PCE data. Inflation rose 0.4% in January, which was in-line with expectations, and +2.8% from a year ago. While still positive, markets were primed for weakness if the inflation figures rose anywhere above market expectations. Risk sentiment should be positive today. Meanwhile, earnings continue to wrap up across the energy sector.
Oil prices were mixed, with WTI slightly positive and Brent around the flatline following the in-line PCE report. Brent has hovered comfortably above the $80 mark for three weeks, with the Middle East conflict having only a modest impact on crude flows. A Reuters survey of 40 economists and analysts on Thursday forecast an average price of $81.13 a barrel for the front-month contract this year.
Natural gas futures are down about 3 cents ahead of weekly inventory, in which analysts expect a draw of 88 bcf.
by Andreas Exarheas | RigZone.com |In a release sent to Rigzone this week, Enverus announced...
In the last 24 hours, tensions in the Middle East have entered a new...
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By a 6–0 vote, the Texas Supreme Court has handed a major victory to...
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Amid rising global tensions following U.S. strikes on Iranian nuclear sites, former President Donald...
By Tsvetana Paraskova for Oilprice.com | Equinor and its partners have decided to invest...
(Reuters) -An $88 million satellite backed by billionaire Jeff Bezos that detected oil and...
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