By: Andreas Exarheas – RigZone – Russia will have to shut-in oil production as it will be unable to sell all the...
History is being made this month and not in a good way. Whether you’re a Republican, Democrat, or Independent, you can’t be...
By: Bozorgmehr Sharafedin – Reuters – The U.S. ban on Russian oil and gas imports is likely to leave more cargoes at...
Shell plc has announced its intent to withdraw from its involvement in all Russian hydrocarbons, including crude oil, petroleum products, gas, and...
In a move to further punish Russia for its invasion of Ukraine, the United States is considering a ban on Russian oil...
Traders piled into options that oil could surge even further after rising to the highest since 2008, with some even placing low-cost...
Story by Harry Robertson at Business Insider. Fears of stagflation are surfacing as the war in Ukraine has sent oil prices soaring...
By: Chase Woodruff – Colorado Newsline – As the global oil market continued to be rocked by the fallout from Russia’s invasion...
By: Andrew Baker – NGI – Diamondback Energy Inc. is aiming to keep oil production flat in the Permian Basin this year,...
By: Ron Bousso – Reuters – BP is abandoning its stake in Russian oil giant Rosneft in an abrupt and costly end...
The energy sector is off to a mixed to higher start, supported by mild strength in the crude complex while the major equity futures trade is near the flatline. Futures tied to the S&P 500 and the Dow pared losses as resilient earnings from big U.S. banks helped assuage fears of further stress in the sector after the failure of two mid-sized lenders last month sparked concerns about a potential recession.
WTI and Brent crude oil futures edged higher after the West's energy watchdog said it expected global demand to rise to a record high this year on the back of a recovery in Chinese consumption. The International Energy Agency also warned that output cuts announced by OPEC+ producers could exacerbate an oil supply deficit and hurt consumers.
Natural gas futures are down in early trading as the NOAA's 6-10 day outlook shows below-normal temps for much of the western US, extending across the Northern Plains into parts of the western Great Lakes
Benchmark U.S. crude oil for May delivery fell $1.10 to $82.16 a barrel Thursday. Brent crude for June delivery fell $1.24 to $86.09 a barrel.
Wholesale gasoline for May delivery fell 4 cents to $2.83 a gallon. May heating oil fell 3 cents to $2.67 a gallon. May natural gas fell 8 cents to $2.01 per 1,000 cubic feet
A key hearing is set for this Friday in Big Spring, Texas, in a...
Behind the rolling plains and rocky outcrops of southwestern Oklahoma, a quiet transformation is...
Story By Alex DeMarban |ADN.com| The oil explorer whose last major discovery in Alaska opened...
Story By Alex Kimani for Oilprice.com | Saudi Arabia is getting ready to engage...
Mexico’s private oil producer Hokchi Energy is locked in a high-stakes standoff with Pemex...
A quiet energy revolution is unfolding in Appalachia, where natural gas from the Marcellus...
By David O. Williams |RealVail.com| President Donald Trump is poised to issue an executive order...
The World Bank has made a landmark decision by lifting its long-standing ban on...
In the last 24 hours, tensions in the Middle East have entered a new...
By Irina Slav for Oilprice.com| The 411,000 barrels daily that OPEC+ said it would...
Tensions between Israel and Iran have sparked a surge in oil prices this June,...
By Tsvetana Paraskova for Oilprice.com | A total of 93 oil and gas firms...
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