By: Garrett Hering – S&P Global Platts – Touting a series of unprecedented power grid reforms, additions of new generating facilities, and...
By: Reuters – Top energy executives this week urged a more cautious transition of energy policy away from oil and gas, but...
By: J. Robinson – S&P Global Platts – Winter forward basis at East Texas natural gas hubs is down sharply since the...
By: Felicity Bradstock – OilPrice.com – The Covid-19 pandemic led to hundreds of thousands of job losses in the global energy sector...
By: Seeking Alpha – Goodrich Petroleum (GDP) has agreed to be acquired by Paloma Partners VI Holdings (an affiliate of EnCap Energy Capital Fund...
By: William Watts – Marketwatch – Oil futures can shake off a breathtaking Black Friday plunge and then some, testing $125 a...
In the oilfield’s present-day context of wrenching anxiety over the policies of the Biden administration, historians find the example of the old-time...
Global oil markets turned red quickly after Black Friday. WTI futures in New York and Brent in London plummeted more than 12% from...
By: Michael Collins – USA Today – President Joe Biden is releasing 50 million barrels of oil from the nation’s emergency stockpile...
By: John Kemp – Reuters – President Joe Biden’s request for an investigation into anti-competitive behavior in the oil and gas markets...
The energy sector is off to a mixed-to-lower start, seesawing in early trading amid weakness in the underlying commodities while major equity futures steadied after the Dow and S&P 500 both hit fresh record highs.
In earnings news, Halliburton reported 4Q results that topped analyst expectations, driven by strength in offshore and overseas markets. The company also raised its dividend and reported it returned $1.4 billion of cash to shareholders through stock repurchases and dividends in 2023, representing over 60% of its free cash flow.
WTI and Brent crude oil futures are handing back some of the previous day's strong gains, slipping as traders weigh rising crude supply in Libya and Norway against simmering geopolitical tensions in several regions and domestic production outages. Norway's crude production rose to 1.85 million bpd in December, up from 1.81 million bpd the previous month and beating analysts' forecasts of 1.81 million bpd, according to the Norwegian Offshore Directorate. Meanwhile in Libya, production at the 300,000 bpd Sharara oilfield restarted on Jan. 21 after the end of protests that had halted output since early this month. Supply, however, remains constrained in the U.S. with as much as 20% of North Dakota's oil output still shut as of Monday night. Traders are also still assessing the Ukrainian drone strike on Novatek's Ust-Luga Baltic fuel export terminal yesterday and reports from last night that U.S. and British forces carried out a second joint round of strikes on Houthi positions in Yemen. Attention will start to shift the latest round of inventory reports which will give a clear read on the impact that weather-induced shutdowns over the last week had on production. Analysts expect that U.S. crude oil inventories will fall by about 3 million barrels in the week to Jan. 19.
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President Donald Trump’s latest legislative push, known as the “One Big Beautiful Bill,” marks...
WASHINGTON (Reuters) – American companies unveiled a series of significant AI and energy investment...
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By Felicity Bradstock for Oilprice.com| Many countries need to invest heavily in upgrading their...
By Charles Kennedy for Oilprice.com | Shell and other major energy players have withdrawn...
Baker Hughes, Hunt Energy, and Argent LNG are forming a partnership to create a...
Yuka Obayashi and Katya Golubkova | TOKYO (Reuters) -U.S. President Donald Trump said on...
Merger and acquisition activity in the U.S. upstream oil and gas sector slowed significantly...
By Felicity Bradstock for Oilprice.com | The United Nations Development Programme (UNDP) and the...
The U.S. oil and gas industry is riding a line between productivity and paralysis....
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