By: Matt Welch – Fort Worth Star-Telegram – The future of clean energy is going to look a lot different than the...
From Hart Energy: PDC Energy Inc. recently announced the completion of its $1.3 billion cash-and-stock acquisition of privately held Great Western Petroleum...
By: Adrian Hedden – Carlsbad Current Argus – One of the world’s largest energy companies and leading oil producers in the Permian...
By: John Kemp – Reuters – Oil investors made few changes to their positions last week as prices remained poised between fears...
It may have taken an investor rebellion, a pandemic and a war in Europe, but U.S. shale oil and gas producers are...
By: Sam Meredith – CNBC – Oil giant Shell on Thursday reported its highest quarterly profit since 2008 on soaring commodity prices, fueling calls...
By: Scott DiSavino – Reuters – U.S. natural gas production growth is waning at the same time many countries are looking for...
(Bloomberg) — U.S. shale giants stung by billions of dollars in hedging losses are spending big bucks to ditch their positions in...
By: Joseph Nasr – Reuters – Two senior ministers in Chancellor Olaf Scholz’s government on Monday said Germany would be ready to...
Algeria has long been a medium-stakes player in the global game of oil and gas exports, but the energy crisis in Europe...
U.S. oil refinery margins have halved since the middle of 2022 but they are still at historically high levels and will be supported through the summer of 2023 by high operating rates and low fuel stocks.
Gross margins for producing two barrels of gasoline and one barrel of distillate fuel oil from three barrels of crude have retreated to $33 per barrel from a record $60 at the start of June 2022.
Even at this reduced level, however, margins are in the 95th percentile for all trading days since 2001, which is underpinning refinery profitability and encouraging high levels of capacity utilization.
Benchmark U.S. crude oil for June delivery rose 44 cents to $71.99 a barrel Monday. Brent crude for July delivery rose 41 cents to $75.99 a barrel.
Wholesale gasoline for June delivery rose 7 cents to $2.65 a gallon. June heating oil rose 1 cent to $2.37 a gallon. June natural gas fell 19 cents to $2.40 per 1,000 cubic feet.
Chevron’s acquisition of Hess closed in July after months of arbitration and integration planning,...
By Adam Smeltz | UNIVERSITY PARK, Pa. – Oil produced from shale reservoirs drove...
By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) cut its West...
Key Highlights Global oil inventories are expected to grow more than 2 million b/d...
US crude inventories drop by 6 million barrels, exceeding forecasts Uncertainty over Ukraine peace...
The race to lower costs and accelerate production timelines in the Permian Basin has...
The U.S. Geological Survey has released a fresh look at the Phosphoria Total Petroleum...
Mergers and acquisitions in the U.S. oil and gas sector surged in 2024, more...
By Clyde Russell (Reuters) – There are early signs that some Asian countries are...
HOUSTON -Aug 22 (Reuters) – Oil prices steadied on Friday amid uncertainty surrounding a...
U.S. independent oil and gas producer Crescent Energy has agreed to acquire Vital Energy...
By Jarrett Renshaw-(Reuters) -President Donald Trump’s administration is expected to rule on a growing...
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