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The energy sector is trading higher in the pre-market, tracking gains in both crude oil and the major market futures. U.S equities are expected to begin the session higher ahead of various central bank interest rate announcements, heavy earnings and a slew of macroeconomic data to be released this week.
WTI and Brent crude oil are extending their gains, setting the stage for five weeks of consecutive increases, on supply concerns and hopes China will stimulate their economy. Tightening conditions due to Saudi oil output cuts and summer demand being somewhat stronger for gasoline and jet fuel has paved the way for oil futures to trend higher, despite expectations of more rate hikes in the near future.
Natural gas futures edged higher on forecasts for hotter weather across the U.S. mainland, with record-setting temperatures expected in a number of states, especially over the Central Great Plains and the Middle Mississippi Valley.
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...
Yuka Obayashi and Katya Golubkova | TOKYO (Reuters) -U.S. President Donald Trump said on...
Baker Hughes, Hunt Energy, and Argent LNG are forming a partnership to create a...
By Charles Kennedy for Oilprice.com | Shell and other major energy players have withdrawn...
Merger and acquisition activity in the U.S. upstream oil and gas sector slowed significantly...
by Andreas Exarheas| RIGZONE.COM | Chevron will “consolidate or eliminate some positions” as part of...
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 Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
(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...
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