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...
(Reuters) Morgan Stanley CEO James Gorman told shareholders during the bank’s annual general meeting on May 26 that he does not plan...
By: CNBC – Natural gas surged above $9 per million British thermal units, or MMBtu, on Wednesday, hitting the highest level in more...
By: David French – Reuters – Energy bankers and hedge fund managers who lost one client after another when poor returns pushed...
(Bloomberg) — Global power grids are about to face their biggest test in decades with electricity generation strangled in the world’s largest...
(Bloomberg) — The liquefied natural gas market is hurtling toward a potentially historic shortage this winter as the world rushes to secure...
FORT WORTH, Texas—In the Permian Basin, the popularity of longer laterals is slowly but steadily rising, according to Rystad Energy’s upstream research...
Crude prices CL.1 dropped about 4%, near $56 a barrel, late Sunday after OPEC+ on Saturday agreed to ramp up output in June for a second straight month. The additional production of 411,000 barrels a day — after a similar hike in May — is seen as a punishment for overproduction by nations such as Iraq and Kazakhstan that had sent crude prices sharply lower, as well as appeasing President Donald Trump ahead of his upcoming trip to Saudi Arabia, Qatar and the UAE. June West Texas Intermediate crude CLM25 fell 7.5% last week, the biggest weekly drop since the week ending April 4, according to Dow Jones Market Data. U.S. benchmark oil prices fell 18.6% in April — their biggest monthly loss since November 2021.
Crude prices CL.1 gained some ground Monday morning, trading up at $57.41 per barrel as of 7:06 AM ET.
Warren E. Buffett has been at the forefront of American capitalism for decades as the chief executive of Berkshire Hathaway, the conglomerate he built into a $1.1 trillion colossus.
By the end of the year, he is preparing to give up that role.
Mr. Buffett said at the company’s annual shareholder meeting on Saturday that he plans to ask Berkshire’s board to approve making Gregory Abel, his heir apparent, the chief executive by the end of the year.
Mr. Buffett, 94, told the tens of thousands of Berkshire shareholders at the meeting in Omaha that Mr. Abel would have “the final word” regarding the company's operations, investments, and other matters.
However, Mr. Buffett added that he “would still hang around and conceivably be useful in a few cases.” He will remain chairman of Berkshire—turning that role over to his son Howard Buffett upon his death—and remains the single biggest shareholder in Berkshire, with a roughly 14 percent stake worth about $164 billion.
Presidio Petroleum is preparing to enter the public markets through a strategic merger with...
By Adam Smeltz | UNIVERSITY PARK, Pa. – Oil produced from shale reservoirs drove...
Trying to catch up in oil and gas production is difficult enough. It becomes...
Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off...
Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs...
Fossil fuel financing by Wall Street’s leading banks has declined sharply in 2025, highlighting...
Key Highlights Global oil inventories are expected to grow more than 2 million b/d...
The race to lower costs and accelerate production timelines in the Permian Basin has...
Mexico’s energy story has turned again. After years of political resistance to hydraulic fracturing,...
by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) cut its West...
˃ Financing from the six largest Wall Street banks for oil, gas, and coal...
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