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...
The growing clout of U.S. oil means that any downward change in U.S. production would have an upward effect on global prices and vice versa.https://t.co/krufJkZw8E
— OilPrice.com (@OilandEnergy) August 7, 2023
The energy sector is poised for a lower start, ending a three-day winning streak amid further weakness in the crude complex and after major equity futures turned lower. Investor sentiment took a hit this morning after Moody’s downgraded their credit rating on several banks and warned of possible cuts to others, driving the entire sector lower and reigniting fears of the health of the U.S. banking systems. Earnings season continued to wind down today with just a handful of producers and midstream operators announcing results but earnings will start to take a back seat as attention shifts to Thursday’s July CPI print, this week's key macro event.
WTI and Brent crude oil futures extended yesterday’s declines into this morning’s session, pressured by Chinese trade data which showed imports and exports fell much more than expected in July, strength in the dollar, and as traders begin to assess the impending end of the U.S. summer driving season.
After three-consecutive days of strong gains, natural gas futures steadied this morning with attention still on ongoing heat warnings across the U.S. and forecasts turning hotter for the third week of August.
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...
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...
The U.S. Geological Survey has released a fresh look at the Phosphoria Total Petroleum...
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