By: Alex Lawler & Jennifer Hiller – Reuters – OPEC and U.S. oil companies see a limited rebound in shale oil supply...
By: Catherine Leffert – Dallas Business Journal – Tailwater Capital has announced several midstream acquisitions in the last month, utilizing a $1.1...
By: Paul O’Donnell and Kyle Arnold – The Dallas Morning News – Dallas-based pipeline giant Energy Transfer is acquiring an Oklahoma City...
By: Adrian Hedden – Carlsbad Current-Argus – EOG Resources, a major natural gas operator in the Permian Basin planned to use solar...
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...
The energy sector is off to a lower start, pressured by weakness in the underlying commodities and in the major equity futures which slipped this morning as investor sentiment lost momentum following six consecutive sessions of gains for the benchmark indices. Earnings season continued to wind down today for energy and there is no major economic data on tap. Results from Occidental Petroleum and Ovintiv are due out later this week.
After posting low conviction gains yesterday, WTI and Brent turned sharply lower this morning, pressured by mixed economic data out of China which offset the impact of Saudi Arabia and Russia extending output cuts. Lingering weak economic growth in Europe that is weighing on manufacturing sentiment and news that Venezuela's state-owned oil company is in talks with local and foreign oilfield firms to boost output after sanctions relief also weighed on prices. On the supply side, markets are waiting to see if Saudi Arabia and Russia are ready to rein in production voluntarily beyond the end of the year in addition to a broader deal among the OPEC+ producer group. With no government inventory expected this week due to a planned systems upgrade, traders will be paying closer attention to this afternoon’s API industry data. The EIA will resume its regular schedule on November 13.
Amid an all-stock buying bonanza spurred on by Exxon Mobil Corp. and Chevron Corp. to snatch up shale and international assets, APA Corp. remains focused on creating value, adding a sixth rig in the Permian Basin.
Bond-market crash leaves big banks with $650 billion of unrealized losses as the ghost of SVB continues to haunt Wall Street.
By Adam Smeltz | UNIVERSITY PARK, Pa. – Oil produced from shale reservoirs drove...
Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off...
Key Highlights Global oil inventories are expected to grow more than 2 million b/d...
By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) cut its West...
The race to lower costs and accelerate production timelines in the Permian Basin has...
Mexico’s energy story has turned again. After years of political resistance to hydraulic fracturing,...
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...
US crude inventories drop by 6 million barrels, exceeding forecasts Uncertainty over Ukraine peace...
Chevron’s acquisition of Hess closed in July after months of arbitration and integration planning,...
Mergers and acquisitions in the U.S. oil and gas sector surged in 2024, more...
By Clyde Russell (Reuters) – There are early signs that some Asian countries are...
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