(Bloomberg) — Progress toward an Iranian nuclear deal has thrown the spotlight onto a sizeable cache of crude held by Tehran that...
(Bloomberg) — The lights go off and the French chanson music suddenly cuts out. The morning buzz inside the Image Café in...
By: Megan Rodriguez – San Antonio Express News – Timothy Davis said his overall utility bill from New Braunfels Utilities is double...
From USA Today. More than 20 million households – about 1 in 6 American homes – are currently behind on their utility...
From OilPrice.com. Natural gas prices in the United States hit the highest in 14 years this week, with the Henry Hub benchmark...
By: Reuters – The Biden administration broadly denied allegations it violated environmental review laws when approving thousands of oil and gas drilling...
Europe is poised to enter a deep recession by year-end amid rising natural gas prices and higher interest rates, according to JPMorgan....
By: Hal Bernton – Seattle Times – Washington Attorney General Bob Ferguson is leading the three West Coast states in a challenge...
MarketWatch: Inflation in the United Kingdom could soar to as high as 19% by next year because of high winter fuel prices,...
Heatwaves this summer and expected natural gas shortages this winter are driving gas prices higher and higher in Europe. Europe’s benchmark gas...
This AI went to sommelier school. A new algorithm trained on wine can tell which vineyard a bottle of red Bordeaux came from with 100% accuracy, according to researchers in Switzerland. The group created this AI connoisseur by feeding data on the chemical components of 80 wines bottled in France between 1990 and 2007 to a machine-learning model. (The algorithm also correctly guessed the year of origin half of the time.) Other than proving that AI can impress a dinner party, the findings demonstrate how local geography, climate, microbes, and wine-making practices combine to give each wine a unique flavor.
Your mischievous cat might actually be a killer. Researchers are calling domesticated felines one of the “most problematic invasive species in the world” after the first global study quantifying their diets found that outdoor and feral kitties eat more than 2,000 types of critters—including some endangered ones. In Australia, cats kill an estimated 300 million animals every year. Of the birds, mammals, insects, and reptiles they eat, 17% are of conservation concern, prompting some towns in Germany and New Zealand to keep their house cats inside…or consider getting rid of all the feral ones.
We’re one step closer to ending morning sickness. A hormone produced by fetuses causes many pregnant people to suffer from severe nausea and vomiting. But scientists think they may have found the solution to this common ailment. At the Maternity Hospital in Cambridge, England, patients with lower preexisting levels of the hormone GDF15 had more severe pregnancy sickness, while those with higher levels didn’t experience much nausea or vomiting once pregnant, according to researchers. This discovery indicates that reducing a person’s sensitivity to GDF15 by exposing them to it before pregnancy could effectively prevent them from getting ill while carrying.—ML
The total number of active drilling rigs in the United States fell by 2 this week after climbing by 10 over the course of the last four weeks, according to new data that Baker Hughes published Friday.
The total rig count fell to 624 this week. Since this time last year, Baker Hughes has estimated a loss of 160 active drilling rigs. This week’s count is 451 fewer rigs than the rig count at the beginning of 2019, before the pandemic.
The number of oil rigs fell by 2 to 501. Oil rigs are now down by 119 compared to this time last year. The number of gas rigs stayed the same this week at 119, a loss of 35 active gas rigs from this time last year. Miscellaneous rigs fell by 1.
Primary Vision’s Frac Spread Count, an estimate of the number of crews completing unfinished, rose by 2 in the week to December 8 to 278. The frac spread count is 20 more than where it started the year.
Israel accidentally killed three hostages. The Israeli army said yesterday that it had mistakenly killed three Israeli hostages in Gaza after misidentifying them as a threat during ground operations. The military said it was still investigating the “sad and painful event” but that it believed the three had escaped from or been abandoned by their captors.
Shipping giants are avoiding the Red Sea. Following attacks on commercial ships by Houthi militants off the coast of Yemen, two of the world’s biggest shipping companies, Maersk and Hapag-Lloyd, said they have paused sending their ships through the Red Sea and will reroute around Africa.
Rudy Giuliani ordered to pay $148 million for defaming election workers. A jury found the former NYC mayor should pay the sum to a pair of Georgia election workers he falsely accused of tampering with ballots to rig the 2020 election, including $75 million in punitive damages.
(Friday market close) U.S. stocks ended mixed Friday, but the S&P 500® index (SPX) and Nasdaq Composite® (COMP) still extended seven-week winning streaks behind encouraging signs on inflation and the economy and beliefs the Federal Reserve will pivot to interest rate cuts in 2024. The Dow Jones Industrial Average® (DJI) posted a record closing high for the third straight day.
Here's where the major benchmarks ended:
Benchmark U.S. crude oil for January delivery fell 15 cents to $71.43 per barrel Friday.
Brent crude for February delivery fell 6 cents to $76.55 per barrel.
Wholesale gasoline for January delivery rose 2 cents to $2.14 a gallon.
January heating oil rose 3 cents to $2.62 a gallon.
January natural gas rose 10 cents to $2.49 per 1,000 cubic feet.
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 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...
Trying to catch up in oil and gas production is difficult enough. It becomes...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs...
Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off...
(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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