By: Rachel Adams-Heard – Bloomberg – Chris Bird first saw the rumors of soaring gas prices Friday morning on Twitter. Physical natural...
BY LETICIA GONZALES – Spot gas prices surged to all-time highs across much of the United States during the Feb. 7-12 week as...
By: Paul Hickin – S&P Global Platts – Major energy institutions are adopting a cautionary tone over oil demand in 2021, with...
By: Sergio Chapa – Bloomberg – Chesapeake Energy Corp., the once-iconic energy explorer that helped ignite the American shale-gas boom, is emerging...
By: Irina Slav – OilPrice.com – “There is no scenario where hydrocarbons disappear,” the chief executive of Baker Hughes, Lorenzo Simonelli, said...
By: Scott DiSavino – Reuters – U.S. drillers this week added oil and natural gas rigs for an 11th week in a...
By: Paul Takahashi – Houston Chronicle – Nearly 60,000 oil exploration and production jobs in Texas were lost in 2020, a staggering...
By: Jennifer A. Dlouhy – Bloomberg – The Biden administration is revoking dozens of invalid drilling permits issued by agency workers without...
By: Bryce Erickson – Forbes – The recent rise of oil prices returning to over $50 per barrel is a welcome sign...
By: Derek Brower and Myles McCormick – Financial Times – Smaller, slower, and more profitable. These are the watchwords for Chesapeake Energy...
The oil and gas industry was rattled by President Donald Trump’s early April tariff announcements, prompting a sharp pause in market activity as commodity prices dropped, equity markets faltered, and investor confidence waned. WTI crude prices plummeted 15% in just a few days, and major publicly traded companies, such as Diamondback Energy and Occidental Petroleum, saw their shares decline by approximately 20%. With uncertainty clouding economic and policy outlooks, operators began forecasting a contraction in U.S. production, particularly if oil prices remain below $60/bbl. The LNG sector also felt the pinch, with liquefaction costs rising due to tariff-driven spikes in materials such as steel and aluminum, which increased construction costs and forced developers to reconsider EPC contracts. Industry experts warned that the tariffs could dampen demand, reduce investment, and delay reinvestment cycles, which are crucial for maintaining the global oil supply.
U.S. stocks finished sharply higher on Tuesday on rising optimism that trade tensions between the U.S. and China could soon ease.
The Dow Jones Industrial Average rose 1,016.57 points, or nearly 2.7%, to end at 39,186.98, snapping a four-day losing streak, according to Dow Jones Market Data.
The S&P 500 surged 129.56 points, or 2.5%, to finish at 5,287.76.
The Nasdaq Composite soared 429.52 points, or 2.7%, ending at 16,300.42.
The three major stock indexes on Tuesday finished higher to score their best day since April 9, after Bloomberg reported that Treasury Secretary Scott Bessent said the trade war with China was unsustainable, and he expects the situation to de-escalate in the very near future.
After a long slump, Oklahoma’s natural gas sector is once again showing signs of...
President Donald Trump’s latest legislative push, known as the “One Big Beautiful Bill,” marks...
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...
By Felicity Bradstock for Oilprice.com| Many countries need to invest heavily in upgrading their...
Yuka Obayashi and Katya Golubkova | TOKYO (Reuters) -U.S. President Donald Trump said on...
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...
Merger and acquisition activity in the U.S. upstream oil and gas sector slowed significantly...
By Felicity Bradstock for Oilprice.com | The United Nations Development Programme (UNDP) and the...
The U.S. oil and gas industry is riding a line between productivity and paralysis....
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