By: Derek Brower – Financial Times – A fracking binge in the American shale industry has permanently damaged the country’s oil and...
By: Paul Takahashi – Houston Chronicle – For nearly four decades, Cushing, Okla. has served as the epicenter of the U.S. oil...
By: David Blackmon – Forbes – A pair of new reports issued on Monday portray a domestic oil and gas industry entering into...
By: David Hodari – WSJ – The world’s appetite for crude oil won’t reach its apex for another two decades, the Organization...
By: Eric R. Hawkins – Mayhawk Energy, LLC – To say that we live in an anxiety-filled world right now is the...
By: Tore Guldbrandsøy, senior vice president, and Ilka Haarmann analyst, at Rystad Energy – CNBC – Energy transition has climbed towards the...
By: Jessica Resnick-Ault & Arathy S. Nair – Reuters – Oasis Petroleum Inc and Lonestar Resources US Inc’s bankruptcy filings are the...
By: Paul Takahashi – Houston Chronicle – Plugging and cleaning up the abandoned oil and gas wells in Texas could cost companies...
By: S&P Global Platts – ExxonMobil remains focused on growing its core oil and gas business as alternative renewable energies are mostly...
By: S&P Global Platts – ConocoPhillips sees the US’ Eagle Ford Shale as its current main domestic activity focus, at a time...
The energy sector is off to a lower start, pressured by weakness in the underlying commodities and the major equity indices extending yesterday’s losses as optimism for aggressive rate cuts this year continues to fade away.
WTI and Brent crude oil futures dropped this morning as traders digested dim economic data from China, which raised concerns about future demand and a higher dollar. China’s economy grew less than expected in the fourth quarter amid their ongoing property crisis, deflationary pressures, and weak demand. The world’s second-largest crude importer’s GPD grew 5.2% in October-December from a year earlier, higher than 4.9% in the third quarter but slightly off a 5.3% forecast in a Reuters poll. The U.S. dollar index rose near a one-month high on comments from Federal Reserve officials which lowered expectations for aggressive interest rate cuts. OPEC’s Monthly Oil Market Report showed the global oil demand growth forecast for 2024 remains unchanged at 2.2 mb/d, with the OECD growing by around 0.3 mb/d and the non-OECD by about 2.0 mb/d. However, the report shows that global oil demand in 2025 is expected to grow robustly by 1.8 mb/d, y-o-y. The OECD is expected to grow by 0.1 mb/d, y-o-y, while demand in the non-OECD is forecast to increase by 1.7 mb/d.
Natural gas futures are extending yesterday’s sharp losses on forecasts for temperatures to turn warmer after the recent winter storms.
After a long slump, Oklahoma’s natural gas sector is once again showing signs of...
WASHINGTON (Reuters) – American companies unveiled a series of significant AI and energy investment...
Yuka Obayashi and Katya Golubkova | TOKYO (Reuters) -U.S. President Donald Trump said on...
Oklahoma’s largest oil and gas operators are lining up to claim a new $50...
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 Andreas Exarheas| RIGZONE.COM | Chevron will “consolidate or eliminate some positions” as part of...
The U.S. oil and gas industry is riding a line between productivity and paralysis....
The newly unveiled U.S.–EU energy framework, announced during the July 27–28 summit in Brussels,...
By Felicity Bradstock for Oilprice.com | The United Nations Development Programme (UNDP) and the...
Bill Armstrong isn’t following the industry playbook. As U.S. shale producers consolidate and shrink...
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