By: The New York Times – The war in Ukraine is raging, Russian natural gas exports to Europe are dwindling and the...
Relations between the U.S. and Saudi Arabia may have plunged to a new low after the kingdom cut oil production in defiance...
By: Reuters – Saad al-Kaabi, the head of Qatar’s state-run energy company, said on Monday all oil and gas trade should be...
Deutsche Bank on Oct. 21 said it aimed to reduce the emissions tied to its upstream corporate oil and gas sector loans...
By: Reuters – U.S. natural gas futures fell to their lowest since March on Thursday, after a federal report showed a larger-than-expected...
By: NGI – An unprecedented number of LNG vessels are floating offshore Europe as regasification terminal congestion and whipsawing prices further complicate...
Rick Newman –Yahoo Finance. Thank god for the elections! With the 2022 midterms imminent, President Biden has decided to release more oil...
HART ENERGY – U.S. oil and gas production is forecast by the Energy Information Administration (EIA) to rise thanks primarily to higher...
By: BT – Prairie Energy Partners plans to build a $5.56 billion, “decarbonized” crude refinery that the Southern Rock Energy Partners subsidiary says...
Sabrina Valle, Reuters. Exxon Mobil Corp. said on Oct. 17 that it left Russia completely after President Vladimir Putin expropriated its properties...
Crude futures are surging after a weekend flare-up of tensions between Israel and Hezbollah along the Lebanon border, exacerbated today by the Libyan National Army's call for a production shutdown in the country's eastern oilfields amid growing unrest.
Meanwhile, Exxon Mobil took the opportunity to release its annual energy report, where it says that carbon emissions won't drop until 2030, and warns that increased adoption of electric vehicles won't be enough to offset the impact of surging energy demand caused by a rising population. Not unlike the average global temperature, XOM is lingering within range of all-time highs at midday.
U.S. stocks today are mixed, with the Dow Jones Industrials posting a new record high. Weakness in chip stocks today is weighing on the broader market. Stocks have carryover support from last Friday, when Fed Chair Powell said "the time has come for policy to adjust." Also, energy stocks are climbing today, with WTI crude oil up more than +3% at a 1-week high
The EU's Red Sea naval mission says there are no obvious signs of an oil spill from a tanker attacked by Houthis in Yemen on Friday.
But a fire on board the MV Sounion has continued to burn.https://t.co/HfDL1Qg1DY
— DW Europe (@dw_europe) August 26, 2024
The numbers: The Commerce Department said Monday that orders at U.S. factories for long-lasting goods, such as new cars or machinery, jumped 9.9% in July.
Economists had forecast a 4% rise in orders for durable goods — products made to last at least three years.
Orders have risen in five of the last six months. However, they dropped 6.9% in June due to weak aircraft orders.
Excluding the volatile transportation sector, orders were up 0.2% in July after a 0.1% gain in the prior month.
Another measure in the report seen as a bellwether for business investment — core capital-goods orders, which exclude volatile sectors like transportation and defense — slipped 0.1% last month after a 0.5% rise in June.
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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