By: Bloomberg – European power prices extended last week’s drop, tracking natural gas futures lower as Russian supplies of the fuel are...
By: Collin Eaton – WSJ – The end of the oil boom is in sight for America’s fracking companies. Less than 3½...
By: Kevin Crowley – Bloomberg – President Joe Biden, who had asked OPEC+ to raise oil production faster to tame runaway energy...
By: Hart Energy’s – Oil & Gas Investor – via Yahoo – While 2020 and first-half 2021 were overwhelmingly challenging for oil...
By: Emma Newburger – CNBC – The Biden administration on Monday announced it will send $1.15 billion to states to plug thousands...
By: Jude Clemente – Forbes – No one ever went broke underestimating the intelligence of the American public,” H. L. Mencken –...
By: Christopher Helman – Forbes – Dallas billionaire Trevor Rees-Jones says he’s been running around “with my pants on fire” the last...
By: Emma Newburger – CNBC – The Los Angeles City Council on Wednesday voted to ban new oil and gas wells and...
By: Jordy Lee – ForeignPolicy.com – In October 2020, the French government blocked a $7 billion deal between Engie, a partially state-owned French...
By: Beth Wells – KOSU – Researchers at the University of Oklahoma were awarded $1.7 million from the U.S. Department of Energy...
The energy sector is poised for a lower start amid more losses in crude futures. U.S stocks are set to open slightly higher, though gains moderated after private payrolls for August grew by just 132,000 for the month, a deceleration from the 270,000 gain in July, ADP said in its monthly payroll report.
WTI and Brent crude oil futures are extending yesterday’s sell-off as the market weighs in weaker demand prospects, political unrest in key OPEC+ producers and the possibility of a nuclear deal being announced with Iran. OPEC’s Joint Technical Committee is meeting this morning, with headlines noting the group is increasing its expectations for a 2022 surplus build, explaining that rising energy costs may lead to less demand. Additionally, China's factory activity extended declines in August as new COVID infections and the worst heatwaves in decades weighed in on production. Despite experiencing weaker growth, some of China's biggest cities from Shenzhen to Dalian are imposing lockdowns and business closures to curb COVID-19 outbreaks. However, the API report showed gasoline inventories fell by about 3.4 million barrels, while distillate stocks, which include diesel and jet fuel, fell by about 1.7 million barrels.
Natural gas futures are down in early trading as data suggest inventories are rising. Gazprom halted natural gas flows through Europe's key supply route on Wednesday as the economic battle intensified between Moscow and Brussels.
Mineral rights fragmentation is not a temporary crisis but an inherent, perpetual friction in...
Natural gas remains the leading source of electricity generation in the United States, but...
President Donald Trump used his address at the United Nations General Assembly this week...
West Texas holds a treasure trove of natural gas that could become a critical...
TotalEnergies has signed an agreement with Continental Resources to acquire a 49% interest in...
by Bloomberg [via RigZone.com] |Veena Ali-Khan, Mia Gindis| Oil notched its biggest weekly gain...
By DANIEL JONES, US CONSUMER EDITOR | Daily Mail | and REUTERS | Exxon Mobil...
By Claire Hao, Staff Writer| Houston Chronicle| Vistra plans to build two new natural gas...
By Mella McEwen,| Midland Reporter Telegram | John Sellers and Cody Campbell, co-chief executive officers...
AXP Energy has confirmed the presence of hydrocarbons in multiple pay zones at its...
Ukraine’s ongoing drone campaign has become a major headache for Moscow, targeting one of...
OPEC+’s production hikes have been a tool to both punish countries that were overproducing...
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