By: Jordan Blum and Laura Huchzermeyer – S&P Global – The Keystone oil pipeline could return to full capacity next week if...
FROM MARKETWATCH: Tesla Inc. late Wednesday reported second-quarter earnings above Wall Street projections, defying expectations that COVID-related shutdowns in China would hurt...
Gasoline prices are high for consumers, but why don’t oil companies want to drill for more oil? There’s a good reason. Story...
By: Reuters – ConocoPhillips’ chief executive on Tuesday warned of looming crude oil shortages and price volatility, citing limited spare capacity among...
By: Reuters – Oil output in the Permian in Texas and New Mexico, the biggest U.S. shale oil basin, is due to...
LONDON, July 18 (Reuters) – Russia’s Gazprom has told customers in Europe it cannot guarantee gas supplies because of “extraordinary” circumstances, according...
By OilPrice.com – A few days ago, a rare event in the forex markets took place: for the first time in two decades,...
By: Humeyra Pamuk – Reuters – Major OPEC oil producers have spare capacity and are likely to boost oil supplies following President...
By: Mark Passwaters – Upstream Online – US oil and gas merger and acquisition activity declined in the second quarter, according to...
Big Oil majors in the United States have found themselves the target of much pressure to boost production lately, as prices go...
U.S. stock-market futures were little changed Sunday, as investors await what is expected to be the Fed’s first interest-rate cut in nine months later this week.
Dow Jones Industrial Average futures , S&P 500 futures and Nasdaq-100 futures were about flat late Sunday. Gold and oil prices dipped slightly, while bitcoin briefly rose above the $116,000 level. The ICE U.S. Dollar Index, which tracks the buck against a basket of rivals, edged higher.
The Federal Reserve’s rate-setting committee meets Tuesday and Wednesday, with Chair Jerome Powell giving a speech after it ends Wednesday afternoon. Despite some division among Fed officials, he’s expected to announce a long-awaited rate cut of 25 basis points, which is hoped to thread the economic needle amid rising inflation and a weakening labor market.
OPEC, the Organization of the Petroleum Exporting Countries, was founded in Baghdad, Iraq, in 1960 to coordinate oil policy among major oil exporters. Initially a reaction to Western dominance of global oil markets, it evolved into a powerful bloc capable of reshaping global energy prices, geopolitics, and development.OPEC works by setting production quotas for each member country. By coordinating supply cuts or increases, the group can tighten or loosen global oil supply, pushing prices up or down.
Federal Reserve Chair Jerome Powell is likely to muster a slim majority of his colleagues to support a 25-basis-point cut in interest rates on Wednesday, fueled by growing concern about the health of the economy, experts say. But given the turmoil around the central bank and uncertainty about the direction of inflation and the job market, the bigger question regarding the meeting is what happens next.
Powell is likely to face a level of internal opposition he has never seen before. Some of his colleagues have signaled they want a larger rate cut because of the weaker labor market. Others may opt for no change in rates because of recent gnarly inflation readings. It’s possible both sides will formally dissent.
By Michael Kern for Oilprice.com | TotalEnergies, along with its partners QatarEnergy and the national...
Source: EIA | Between 2020 and 2024, total crude oil and lease condensate production...
Canadian midstream operator Enbridge has approved final investment decisions on two new gas transmission...
Ian M. Stevenson | EENews.net | Falling royalty rates for oil and gas production...
By Felicity Bradstock for Oilprice.com | Following the massive growth in global renewable energy...
Targa Resources Corp. has launched a non-binding open season for its proposed Forza Pipeline...
Diversified Energy Company Plc has announced a $550 million acquisition of Canvas Energy, a...
Reporting by Gavin Maguire | (Reuters) – U.S. power developers are planning to sharply...
Authored by Jill McLaughlin via The Epoch Times, | California regulators fearing a dramatic...
Data centers across the United States are increasingly grappling with one of the most...
The U.S. oil and gas industry is entering a period of retrenchment, marked by...
[energyintel.com] A data center boom in the US is straining the grid and pushing...
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