By: NPR – President Biden is expected to announce on Thursday a plan to draw 1 million barrels of oil per day...
By: Oilprice.com – How quickly fortunes can change in the oil and gas business. Last year, U.S. oil and gas companies were...
By: Reuters – U.S. oil exports have climbed following Russia’s invasion of Ukraine, and barrels of domestic oil that would typically go...
By: Weishen Tan – CNBC – There’s been a “significant uptick” in Russian oil deliveries bound for India since March after Russia’s...
Even with oil prices above $100 a barrel and gas prices averaging over $4 a gallon at the pump, oil companies and...
The West Texas Intermediate (WTI) oil price companies need to profitably drill a new well in the U.S. is increasing, according to...
ConocoPhillips is considering selling its gas-producing assets in the Anadarko basin of North Texas and Western Oklahoma, in the US, reported Reuters,...
HOUSTON (Reuters) –Occidental Petroleum on Wednesday outlined plans to advance its clean energy transition business, including spending between $800 million and $1...
JPMorgan Chase CEO Jamie Dimon told President Biden the White House needs to create a “Marshall Plan” to develop more domestic gas...
By: Adrian Hedden – Carlsbad Current Argus – A Houston-based oil and gas company sold off multiple Permian Basin properties to make...
The energy sector is off to a mix to a higher start, supported by strength in the major equity futures despite losses in the oil markets. U.S. stocks are poised to rebound ahead of an expected interest rate hike by the Federal Reserve.
WTI and Brent crude oil futures are trading down on concerns about fuel demand and the possibility of a recession ahead of an expected interest rate hike by the U.S. Federal Reserve. Global macro continues to drive the oil markets as new inflation reports mixed with fast-changing views in the financial markets have increased the possibility the Fed will be more hawkish than investors had anticipated. This has opened the door to a 75-basis-point interest rate hike, in an attempt to curb inflation. China’s latest COVID-19 outbreak has lent some support to oil futures as investors are worried about a new phase of lockdowns. The EIA said in its monthly report that world oil demand will rise more than 2% to a record high in 2023, although soaring oil prices and weakening economic forecasts dimmed the future outlook.
Natural gas futures have gained followed yesterday’s sharp losses buoyed by intense heat, forecasts for more demand and higher global gas prices.
by Andreas Exarheas | RigZone.com |In a release sent to Rigzone this week, Enverus announced...
In the last 24 hours, tensions in the Middle East have entered a new...
By Tsvetana Paraskova for Oilprice.com | U.S. oil producers flocked to hedge higher prices...
Story By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) revealed its...
By a 6–0 vote, the Texas Supreme Court has handed a major victory to...
A-list actors are turning their attention to Wall Street, and this time, the plot...
The oil and gas sector is undergoing a major digital overhaul, and data is...
Amid rising global tensions following U.S. strikes on Iranian nuclear sites, former President Donald...
By Tsvetana Paraskova for Oilprice.com | Equinor and its partners have decided to invest...
(Reuters) -An $88 million satellite backed by billionaire Jeff Bezos that detected oil and...
Story By Andreas Exarheas| RigZone.com |Executives from oil and gas firms have revealed where...
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