Story by Rachel Millard, The Telegraph. Bernard Looney, the boss of BP, was summoned by Whitehall within a day of Russia invading Ukraine....
LONDON (Reuters) – Hedge funds around the world fled positions in energy stocks, bonds and futures last week just in time to...
Story by Jennifer Pallanich. Talos Energy Inc. plans to buy EnVen Energy Corp. in a $1.1 billion deal that increases Talos’ Gulf of Mexico...
MarketWatch. JPMorgan Chase CEO Jamie Dimon resoundingly assured lawmakers that his bank has no intention of stopping the financing of growth in...
By Joseph Adinolfi | MarketWatch. American consumers may have gotten a bit of a break from sky-high gas prices over the past...
By: The New York Times – The German government on Wednesday announced that it was taking over Uniper, previously the country’s largest...
OilPrice.com. Two years ago, oil and gas companies in Texas were laying off employees amid the most severe downturn in the industry’s...
LONDON (Reuters) – Carbon Tracker and Global Energy Monitor said on Monday they had launched the first global database registry of oil...
By: Reuters – Germany took control of a major Russian-owned oil refinery on Friday, risking retaliation from Moscow as Berlin strives to...
CARACAS, Venezuela (AP) — Venezuela has thrown back in prison the brother of the country’s former oil czar as part of an...
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.
Bill Armstrong isn’t following the industry playbook. As U.S. shale producers consolidate and shrink...
Haynesville Gas Takeaway Grows With Leg Pipeline Launch (P&GJ) — Williams Companies has placed its...
The U.S. oil and gas industry is riding a line between productivity and paralysis....
The newly unveiled U.S.–EU energy framework, announced during the July 27–28 summit in Brussels,...
by Andreas Exarheas| RIGZONE.COM | Chevron will “consolidate or eliminate some positions” as part of...
Presidio Petroleum is preparing to enter the public markets through a strategic merger with...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
Trying to catch up in oil and gas production is difficult enough. It becomes...
Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs...
(Reuters) – U.S. gasoline demand in May fell to the lowest for that month...
by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
Fossil fuel financing by Wall Street’s leading banks has declined sharply in 2025, highlighting...
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