Discussion on the future price of oil seems to be a very contentious topic these days. The die-hard bulls will focus on the...
By: Los Angeles Daily News – The Los Angeles City Council voted unanimously on Tuesday, April 4 to support a state Senate...
By: J. Robinson – S&P Global Platts – Surging oil prices fueled by Russia’s ongoing war in Ukraine have boosted drilling margins...
Record high prices at the fuel pump aren’t slowing Americans down. By Justin Jacobs, Energy Source newsletter from The Financial Times –...
By: Reuters – Excelerate Energy Inc, founded by oil and gas tycoon George Kaiser, plans to raise up to $384 million through...
By: Mitchell Ferman – The Texas Tribune – Russian hackers have been probing Texas’ energy infrastructure for weak points in digital systems...
Since Russia invaded Ukraine, many Western oil companies as well as traders, shippers, and bankers have stayed away from Russian oil. But...
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...
Benchmark U.S. crude oil for July delivery rose $1.43 to $74.34 a barrel Wednesday. Brent crude for July delivery rose $1.52 to $78.36 a barrel.
Wholesale gasoline for June delivery rose 6 cents to $2.72 a gallon. June heating oil rose 5 cents to $2.41 a gallon. June natural gas rose 8 cents to $2.40 per 1,000 cubic feet.
The energy sector is off to a higher start, supported by strength in oil futures, while U.S. futures are lower as negotiations between the White House and the Republican representatives continue, with no clear compromise in sight.
WTI and Brent crude oil futures are higher on concerns over tight supply and as investors digest a warning from the Saudi Energy minister who raised the prospect of further OPEC+ cuts. According to the API, crude inventories fell about 6.8 million barrels last week, in line with gasoline inventories which dropped 6.4 million barrels. The market will be keeping an eye on EIA data to confirm these inventory levels which would mark a third-consecutive week of falling gasoline inventories.
Natural gas futures are higher, attempting to end a 3-day losing streak driven by bearish weather forecasts and higher production. The consensus for EIA weekly storage data due tomorrow has a build of +102 Bcf vs the 5-year average of +96 Bcf.
Bill Armstrong isn’t following the industry playbook. As U.S. shale producers consolidate and shrink...
Haynesville Gas Takeaway Grows With Leg Pipeline Launch (P&GJ) — Williams Companies has placed its...
The U.S. oil and gas industry is riding a line between productivity and paralysis....
The newly unveiled U.S.–EU energy framework, announced during the July 27–28 summit in Brussels,...
by Andreas Exarheas| RIGZONE.COM | Chevron will “consolidate or eliminate some positions” as part of...
Presidio Petroleum is preparing to enter the public markets through a strategic merger with...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
Trying to catch up in oil and gas production is difficult enough. It becomes...
Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs...
(Reuters) – U.S. gasoline demand in May fell to the lowest for that month...
by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
Fossil fuel financing by Wall Street’s leading banks has declined sharply in 2025, highlighting...
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