By: Bloomberg News – Oil fluctuated after top exporter Saudi Arabia signaled confidence in demand with a bigger-than-expected price increase of its...
A Permian Basin oil and gas operator agreed to pay $150,000 in fines and spend $500,000 to improve air quality in the...
By: Weizhen Tan – CNBC – First, it was the pandemic. Then came the Russia-Ukraine war. With two major global crises back-to-back, there...
Why were Carbon Credits created? The burning of fossil fuels is a major source of greenhouse gas emissions and the carbon credit...
Texas-based XTO Energy Inc. recently filed completion reports on a series of 8 wells in Carter and Love Counties in southern Oklahoma....
By: James Morris – Forbes – Every new EV gets compared to Tesla. General Motors CEO Mary Barra has even said her...
Apache Corp. generated national – and even international – headlines in the fall of 2016 when it announced what it believed was...
When the federal government auctioned off oil leases in the Arctic National Wildlife Refuge last year, no major firms bid, in a...
The world’s two biggest oil and natural gas reservoirs are in the Permian Basin and Saudi Arabia with estimated remaining reserves of...
By: Bloomberg – Energy transportation giant Enbridge Inc. will be going ahead with two pipeline projects to service a new liquefied natural...
Benchmark U.S. crude oil for February delivery fell $4.09 to $72.84 a barrel Wednesday. Brent crude for March delivery fell $4.26 to $77.84 a barrel.
Wholesale gasoline for February delivery fell 10 cents to $2.26 a gallon. February heating oil fell 12 cents to $2.97 a gallon. February natural gas rose 18 cents to $4.17 per 1,000 cubic feet.
Energy stocks opened lower as falling oil prices continue to weigh in on the sector. The major market futures are higher ahead of the release of notes from the most recent Federal Reserve Meeting in hopes the Fed will ease their stance on aggressive interest rates.
WTI and Brent crude oil futures continue to trend lower, after slumping in the previous session, amid concerns over weak demand due to a slowing global economy. Additionally, rising COVID-19 cases in China have pushed investors to the edge of their seat as the possibility of the nation reintegrating coronavirus curbs increases. Signs of a weakening global economy are being seen across the world, with nations such as China which recently increased export quotas for refined oil products in the first batch for 2023, signaling expectations of poor domestic demand. Also, Saudi Arabia may further cut the prices for its flagship Arab Light crude grade to Asia in February, after they were set at a 10-month low for this month, as concerns of oversupply continued to cloud the market.
Natural gas futures are slightly higher after plunging more than 10% yesterday as North America continues to experience warmer-than-normal temperatures.
Bill Armstrong isn’t following the industry playbook. As U.S. shale producers consolidate and shrink...
Yuka Obayashi and Katya Golubkova | TOKYO (Reuters) -U.S. President Donald Trump said on...
Baker Hughes, Hunt Energy, and Argent LNG are forming a partnership to create a...
By Charles Kennedy for Oilprice.com | Shell and other major energy players have withdrawn...
by Andreas Exarheas| RIGZONE.COM | Chevron will “consolidate or eliminate some positions” as part of...
Merger and acquisition activity in the U.S. upstream oil and gas sector slowed significantly...
The newly unveiled U.S.–EU energy framework, announced during the July 27–28 summit in Brussels,...
The U.S. oil and gas industry is riding a line between productivity and paralysis....
Haynesville Gas Takeaway Grows With Leg Pipeline Launch (P&GJ) — Williams Companies has placed its...
By Felicity Bradstock for Oilprice.com | The United Nations Development Programme (UNDP) and the...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
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