WHERE IT BEGINS Just over a week before the presidential election, Mizuho Americas laid out what it saw as the likely shift...
By: Renée Jean – Williston Herald – The Bakken was the only shale play in America to improve production efficiency per well...
By: Reuters – Oil edged up towards $69 a barrel on Tuesday as a tight physical market offset some of the COVID-19...
By: Reuters – U.S. investment bank Goldman Sachs said the OPEC+ deal to boost oil supply supports its view on oil prices...
Greenland has ended its 50-year ambition to become an oil-producing nation after announcing on July 16 it would suspend a strategy of...
By: Judith Kohler – The Denver Post – Two of the biggest mergers in the oil and gas industry this year took...
By: Greg Avery – Denver Business Journal – A private equity-backed business has acquired a Denver-based oil and gas company with thousands...
By: Reuters Staff – Reuters – U.S. oil and gas mergers surged last quarter with the most $1 billion-plus deals since 2014,...
David Hasemyer, Inside Climate News – The Trans-Alaska Pipeline, one of the world’s largest oil pipelines, could be in danger due to...
By: Laila Kearney – Reuters – North Dakota is suing the U.S. government on claims the Department of the Interior and the...
The energy sector has traded back and forth this morning, pressured by mild weakness in the major equity futures, despite mild strength in the underlying commodities. U.S. stock index futures turned negative, as a hotter-than-expected producer inflation report suppressed market speculation of an imminent interest rate cut by the Federal Reserve this year. A Labor Department report showed PPI rose 0.3% month-on-month in January, compared with a 0.1% increase expected by analysts. Annually, it rose 0.9% versus the 0.6% estimated growth. Meanwhile, the core figure, excluding volatile food and energy items, rose 0.5% month-on-month compared with an estimated 0.1% increase. On an annual basis, it rose 2% versus the 1.6% expected growth.
WTI and Brent crude oil futures are now up slightly as slowing demand forecast by the IEA offset support from geopolitical tensions and optimism that the U.S. Federal Reserve might cut interest rates sooner than later this year. The IEA said global oil demand growth was losing momentum and trimmed its 2024 growth forecast, contradicting the view held by OPEC. Meanwhile, prices were supported by persisting tensions in the Middle East. Gaza's largest functioning hospital was under siege in Israel's war with Islamist group Hamas, as warplanes struck Rafah, the last refuge for Palestinians in the enclave.
Following eight consecutive sessions of declines, natural gas futures are positive as NatGasWeather said a potential cold front could move into the Midwest and Northeast the last week of February. NOAA forecasts yesterday afternoon had both of those regions experiencing above-normal temperatures from 23-Feb to 29-Feb.
Bill Armstrong isn’t following the industry playbook. As U.S. shale producers consolidate and shrink...
Haynesville Gas Takeaway Grows With Leg Pipeline Launch (P&GJ) — Williams Companies has placed its...
The newly unveiled U.S.–EU energy framework, announced during the July 27–28 summit in Brussels,...
by Andreas Exarheas| RIGZONE.COM | Chevron will “consolidate or eliminate some positions” as part of...
Presidio Petroleum is preparing to enter the public markets through a strategic merger with...
Trying to catch up in oil and gas production is difficult enough. It becomes...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs...
Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off...
(Reuters) – U.S. gasoline demand in May fell to the lowest for that month...
by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
Fossil fuel financing by Wall Street’s leading banks has declined sharply in 2025, highlighting...
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