By: Judith Kohler – The Denver Post – The recovering economy is driving up natural gas prices, which could boost energy companies’...
By: David French & Arathy Nair – Reuters – ConocoPhillips (COP.N) is offering to sell about $500 million in conventional oil and gas...
Press Release – US DOJ – Devon Energy Corporation, an Oklahoma-based oil and natural gas exploration and production company, and its affiliates,...
By: Reuters – Goldman Sachs raised its forecast for year-end Brent crude oil prices to $90 per barrel from $80, as a...
By: Bozorgmehr Sharafedin – Reuters – Oil prices extended gains on Thursday, riding higher on growing fuel demand and a bigger-than-expected draw...
By: Jeff Barron – EIA – Crude oil inventories in Cushing, Oklahoma, totaled 32.9 million barrels (excluding pipeline fill and stocks in...
By: Dave Kolpack – AP – The latest bout of legal wrangling over the collection of North Dakota oil and gas royalties...
By: Ron Busso – Reuters – Deep in the Oman desert lies one of BP’s more lucrative projects, a mass of steel...
(Reuters) – Top U.S. shale oil producer Pioneer Natural Resources Co has put its assets in the Delaware Basin of Texas on...
By: Arathy Nair – Reuters – U.S. energy producers have cut so deeply into a once-large reserve of oil wells waiting to...
TOKYO (Reuters) - Oil prices rose on Thursday ahead of an OPEC+ meeting later in the day, with investors waiting to see what the producer group would do next on supply cuts while also monitoring tension in the Middle East.
Brent crude futures climbed 12 cents, or 0.2%, to $72.43 a barrel by 0103 GMT while U.S. crude futures were at $68.70 a barrel, up 16 cents, or 0.2%. Both benchmarks fell nearly 2% on Wednesday.
The Organization of the Petroleum Exporting Countries and its allies in OPEC+ are likely to extend their latest round of oil production cuts by at least three months from January when it meets online at 1100 GMT on Thursday, OPEC+ sources told Reuters, to provide additional support for the oil market.
The market's momentum persisted even after Federal Reserve Chairman Jerome Powell cautioned against hasty interest rate cuts, citing the strong economy. Upcoming economic indicators, particularly the November nonfarm payrolls report expected to show around 200,000 jobs added, could further influence market sentiment. Meanwhile, Treasury yields declined following softer-than-expected data on the U.S. services sector and private industry job growth.
After a long slump, Oklahoma’s natural gas sector is once again showing signs of...
Yuka Obayashi and Katya Golubkova | TOKYO (Reuters) -U.S. President Donald Trump said on...
WASHINGTON (Reuters) – American companies unveiled a series of significant AI and energy investment...
Oklahoma’s largest oil and gas operators are lining up to claim a new $50...
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...
Bill Armstrong isn’t following the industry playbook. As U.S. shale producers consolidate and shrink...
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 Felicity Bradstock for Oilprice.com | The United Nations Development Programme (UNDP) and the...
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