By: Adrian Hedden – Carlsbad Current Argus – Debate over federal action to prevent the extinction of a small, desert bird in...
By: Pejman Kazempoor – Newswire – Whether for a natural gas pipeline or an offshore production platform, the carbon footprint of reciprocating...
By: Stephanie Kelly – Reuters – Oil prices fell on Monday after Saudi Arabia’s sharp cuts to crude contract prices for Asia...
By: David Long – Argus Media – US shale producers remain determined to restrain spending until oil market fundamentals strengthen, despite record...
By: Sara Fischer – KTEN – The Biden Administration has called on OPEC to increase oil production, citing high gas prices as...
By: J. Robinson & Kelsey Hallahan – S&P Global Platts – The restoration of full capacity on Texas Eastern Transmission earlier this...
By: Ethan Wu – Markets Insider – Riverstone Holdings, which made a fortune betting on American shale, is now pushing $1.3 billion...
By: Bethany Blankley – The Fairfield Sun Times – Texas’s upstream oil and natural gas sector added 1,500 jobs in July, continuing...
By: Frank Macchiarola – Morning Consult – For more than 50 years, presidential enthusiasm for U.S. petroleum products has spanned ideologies and...
By: James Marshall – E&E News – With its takeover of Afghanistan, the Taliban took control of a vast trove of metals...
In earnings news, Kinder Morgan reported a 20.3% rise in quarterly adjusted profit on Wednesday as the U.S pipeline operator received a boost from jet fuel demand, with the company also benefiting from re-contracting some natural gas pipelines at a higher rate. The pipeline operator cashed in on the pent-up travel demand, which resulted in a 19% rise in jet fuel volumes transported in the second quarter. It said adjusted earnings for its natural gas pipelines were up 6% at $1.13 billion. The company also increased its dividend by 3%.
Oil prices fell by more than $5 on Thursday after higher U.S. gasoline stockpiles and an ECB rate hike stoked demand worries and returning oil supply from Libya eased supply concerns. Oil futures trading volumes have been thin and prices volatile as traders have to square weaker energy demand with tighter supply resulting from the loss of Russian barrels after the country's invasion of Ukraine. U.S. gasoline inventories rose by 3.5 million barrels last week, government data showed on Wednesday, far exceeding analyst forecasts. "U.S. gasoline demand is struggling to shift into top gear during the peak summer driving season," said PVM analyst Stephen Brennock.
Natural gas prices are off by 20 cents ahead of weekly inventory data. Analysts expect a build of 46 bcf.
By Adam Smeltz | UNIVERSITY PARK, Pa. – Oil produced from shale reservoirs drove...
Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off...
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By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) cut its West...
The U.S. Geological Survey has released a fresh look at the Phosphoria Total Petroleum...
˃ Financing from the six largest Wall Street banks for oil, gas, and coal...
Mergers and acquisitions in the U.S. oil and gas sector surged in 2024, more...
US crude inventories drop by 6 million barrels, exceeding forecasts Uncertainty over Ukraine peace...
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