By: Reuters – Oil prices were on track for their first weekly gain in five on Friday, underpinned by the possibility that...
OK Energy Today – Ovintiv USA Inc., the company with a growing reputation for finding big producing wells in Oklahoma’s STACK play...
He wouldn’t phone Florida Gov. Ron DeSantis ahead of the arrival of Hurricane Ian to inquire about storm preparations, but President Biden...
By: Beck Connely – Enid News & Eagle – Oklahoma is set to receive a federal grant to begin addressing an orphaned...
STORY BY Mark Jaffe, THE COLORADO SUN. Vic Behrens drives the dusty, dirt roads of Adams and Arapahoe counties in Colorado looking...
By: Reuters – Rocketing LNG cargo prices have squeezed out dozens of smaller traders, concentrating the business in the hands of a...
By: Reuters – Hedge Fund managers anticipate an imminent recession that will hit consumption of middle distillates such as diesel especially hard,...
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...
In earnings news, Kinder Morgan reported a 20.3% rise in quarterly adjusted profit on Wednesday as the U.S pipeline operator received a boost from jet fuel demand, with the company also benefiting from re-contracting some natural gas pipelines at a higher rate. The pipeline operator cashed in on the pent-up travel demand, which resulted in a 19% rise in jet fuel volumes transported in the second quarter. It said adjusted earnings for its natural gas pipelines were up 6% at $1.13 billion. The company also increased its dividend by 3%.
Oil prices fell by more than $5 on Thursday after higher U.S. gasoline stockpiles and an ECB rate hike stoked demand worries and returning oil supply from Libya eased supply concerns. Oil futures trading volumes have been thin and prices volatile as traders have to square weaker energy demand with tighter supply resulting from the loss of Russian barrels after the country's invasion of Ukraine. U.S. gasoline inventories rose by 3.5 million barrels last week, government data showed on Wednesday, far exceeding analyst forecasts. "U.S. gasoline demand is struggling to shift into top gear during the peak summer driving season," said PVM analyst Stephen Brennock.
Natural gas prices are off by 20 cents ahead of weekly inventory data. Analysts expect a build of 46 bcf.
Front-month Nymex natural gas (NG1:COM) for August delivery closed +10.2% to $8.007/MMBtu, its highest settlement since June 13 and up more than 47% so far this month.
Fermi America, a Texas-based company co-founded by former U.S. Energy Secretary and former Texas...
The temporary closure of the Chief Drive In Theatre in Ninnekah has sparked local...
Natural gas remains the leading source of electricity generation in the United States, but...
by Bloomberg, via RigZone.com | F.Kozok, S.Hacaoglu | Turkey plans to sign new energy deals with...
President Donald Trump used his address at the United Nations General Assembly this week...
Mineral rights fragmentation is not a temporary crisis but an inherent, perpetual friction in...
West Texas holds a treasure trove of natural gas that could become a critical...
Managed money speculators hit record bearish positions on WTI even as the IEA forecasts...
TotalEnergies has signed an agreement with Continental Resources to acquire a 49% interest in...
by Bloomberg [via RigZone.com] |Veena Ali-Khan, Mia Gindis| Oil notched its biggest weekly gain...
By Mella McEwen,| Midland Reporter Telegram | John Sellers and Cody Campbell, co-chief executive officers...
By DANIEL JONES, US CONSUMER EDITOR | Daily Mail | and REUTERS | Exxon Mobil...
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