By: Michael Lynch – Forbes – An old joke about the economy goes that when your neighbor loses his/her job, it’s a...
By: Emma Graham – Hadley Gamble – Natasha Turak – CNBC – Former Energy Secretary Rick Perry on Sunday attacked the Biden...
By: Laurie Goering and Sebastian Rodriguez – Reuters – In late July, Costa Rica’s legislature was scheduled to vote on a bill...
By: Liz Hampton, and Sabrina Valle – Reuters – U.S. shale producers’ decision this year to resist pumping more oil even as...
By: Karl W. Smith – Bloomberg – U.S. President Joe Biden is pushing for a temporary increase in oil and gas production at...
By: Valerie Volcovici and Nichola Groom – Reuters – The Biden administration on Tuesday unveiled a plan to slash emissions of the...
Denver-based natural gas company Antero Resources is letting all of its hedging contracts expire due to its confidence that higher oil and...
By: Pippa Stevens – CNBC – Chevron said Friday that it generated the highest free cash flow on record during the third quarter...
By: Bloomberg News – The culprit behind the latest jump in oil prices isn’t soaring natural gas prices or even OPEC+’s limits...
What is ESG and why should I care? ESG is a back door way of choking capital to the energy sector. Its...
The energy sector is off to a lower start, pressured by weakness in the crude complex. Meanwhile, the major equity futures are edging higher and treasury yields are lower as investors cheer falling labor costs. In sector news, JP Morgan issued several rating changes across its E&P coverage universe. At the same time, ExxonMobil updated its corporate plan outlook, upping its buyback program to $20 billion in stock for 2024, and updating 2024 capex to $23 billion to $25 billion versus the 2023 budget of $23 billion.
WTI and Brent crude oil futures are extending losses for the fifth consecutive session as market participants do not expect recent voluntary cuts to have a major impact on oil prices, amid a weakening demand outlook. Concerns over China's economic health following yesterday’s credit rating decrease by Moody’s also weighed on prices. Traders will now turn to inventory data due later today after digesting last night’s API print, which showed a build of 594K barrels and greatly differs from Reuter’s 1.4-million-barrel draw estimate.
This morning, natural gas futures are higher as analysts expect a large-than-average decline in storage levels. Consensus is looking for a draw of (104) Bcf vs the 5-yr average of (48) Bcf.
Mineral rights fragmentation is not a temporary crisis but an inherent, perpetual friction in...
The Yates Oil Field, located in the heart of the Permian Basin, remains one...
TotalEnergies has signed an agreement with Continental Resources to acquire a 49% interest in...
Ukraine’s ongoing drone campaign has become a major headache for Moscow, targeting one of...
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...
The Oklahoma House Energy Committee recently took a hard look at how the Oklahoma...
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...
OPEC+’s production hikes have been a tool to both punish countries that were overproducing...
Despite years of glossy sustainability campaigns and promises to lead the energy transition, the...
Have your oil & gas questions answered by industry experts.