By: Myles McCormick – Financial Times – Pioneer Natural Resources has agreed to buy rival Parsley Energy for $7.6bn including debt, marking...
By: Paul Takahashi – Houston Chronicle – ConocoPhillips has long eschewed mergers and acquisitions in favor of disciplined spending and steady, organic...
By: Scott DiSavino – Reuters – Spot natural gas prices at the Waha Hub in the Permian basin in West Texas turned...
By: Adrian Hedden – Carlsbad Current-Argus – New Mexico state oil and gas regulators released the final version of proposed emissions regulations...
By: Harry Weber – S&P Global Platts – An unusually active Atlantic hurricane season has tested the resilience of US liquefaction infrastructure...
By: Erwin Seba – Reuters – U.S. energy companies were returning workers and restarting operations at storm-swept production facilities along the U.S....
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...
Since the 2015 end of the US' decades-long ban on most crude oil exports, the Texas city of Corpus Christi has flourished into the nation's oil export epicenter, handling more than half of the 4 million barrels per day of US crude exports in the first six months of 2023. Amid dreams of expansion, the city contends with the societal impacts of the energy industry's growth on certain neighborhoods and faces challenges, including an unsuccessful bid to host a federally funded hydrogen hub.
(Wednesday market close) Major U.S. equity benchmarks ended lower late Wednesday, retreating sharply to erase initial gains as investors appeared keen to lock in some profits from the market's recent rally ahead of the three-day holiday weekend. The Dow Jones Industrial Average® (DJI) touched another record high early in the session but ended with its first loss in 10 days.
The late sell-off didn't appear to be triggered by any piece of news, though disappointing quarterly results from FedEx (FDX) late Tuesday sent the shipping giant's shares tumbling 12%, weighing on the transportation industry and raising some potential red flags over the economy.
The energy sector is starting higher, supported by strength in the underlying commodities. Meanwhile, the major market futures are lower as the year-end rally takes a breather.
WTI and Brent crude oil futures are higher in early trading, on pace for their third-straight session of gains as the focus shifts back to supply woes amid ongoing tensions in the Red Sea and the Middle East. Earlier today, Greece advised commercial ships sailing the Red Sea and the Gulf of Aden to avoid Yemeni waters. Greek ship owners control approximately 20% of the world’s commercial vessels in carrying capacity. Investors will also look to the EIA data later today after last night’s API report showed a surprise build of 939K barrels last week. Analysts are expecting the government data to show a 2.2mm barrel draw.
Natural gas futures are higher, tracking gains in the crude complex but gains are capped ahead of the EIA weekly storage report.
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 Adam Smeltz | UNIVERSITY PARK, Pa. – Oil produced from shale reservoirs drove...
Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off...
Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs...
(Reuters) – U.S. gasoline demand in May fell to the lowest for that month...
Fossil fuel financing by Wall Street’s leading banks has declined sharply in 2025, highlighting...
Key Highlights Global oil inventories are expected to grow more than 2 million b/d...
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,...
by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
˃ Financing from the six largest Wall Street banks for oil, gas, and coal...
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