By: Renee Jean – Williston Herald – Whiting Petroleum is further cutting its costs after emerging from Chapter 11, while another Bakken...
By: Rebecca Ponton – Oilman Magazine – One hundred years is a major milestone and the observance of a centennial usually calls...
By: Silvio Marcacci – Forbes – Few climate proposals have been politicized more than the Green New Deal, although it is essentially...
Oil is often called the lifeblood of industrialized nations. Once refined, oil can be turned into automobile gas, petroleum products, chemical products,...
By – Sam Meredith – CNBC – OPEC and non-OPEC allies will meet Thursday to review production policy, amid a faltering recovery...
By: Don Hopey – The Morning Call – More natural gas was fracked from Pennsylvania wells in 2019 than in any previous...
By: James Osborne – Houston Chronicle -For years, a small clique of investors has questioned the logic of putting money into oil...
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By: Rachel Adams-Heard and Kevin Crowley – Bloomberg – The meeting would mark the beginning of the end of Lea Frye’s career...
By: Reuters – No new liquefied natural gas (LNG) export projects could be approved this year for the first time in at...
Crude prices CL.1 dropped about 4%, near $56 a barrel, late Sunday after OPEC+ on Saturday agreed to ramp up output in June for a second straight month. The additional production of 411,000 barrels a day — after a similar hike in May — is seen as a punishment for overproduction by nations such as Iraq and Kazakhstan that had sent crude prices sharply lower, as well as appeasing President Donald Trump ahead of his upcoming trip to Saudi Arabia, Qatar and the UAE. June West Texas Intermediate crude CLM25 fell 7.5% last week, the biggest weekly drop since the week ending April 4, according to Dow Jones Market Data. U.S. benchmark oil prices fell 18.6% in April — their biggest monthly loss since November 2021.
Crude prices CL.1 gained some ground Monday morning, trading up at $57.41 per barrel as of 7:06 AM ET.
Warren E. Buffett has been at the forefront of American capitalism for decades as the chief executive of Berkshire Hathaway, the conglomerate he built into a $1.1 trillion colossus.
By the end of the year, he is preparing to give up that role.
Mr. Buffett said at the company’s annual shareholder meeting on Saturday that he plans to ask Berkshire’s board to approve making Gregory Abel, his heir apparent, the chief executive by the end of the year.
Mr. Buffett, 94, told the tens of thousands of Berkshire shareholders at the meeting in Omaha that Mr. Abel would have “the final word” regarding the company's operations, investments, and other matters.
However, Mr. Buffett added that he “would still hang around and conceivably be useful in a few cases.” He will remain chairman of Berkshire—turning that role over to his son Howard Buffett upon his death—and remains the single biggest shareholder in Berkshire, with a roughly 14 percent stake worth about $164 billion.
Presidio Petroleum is preparing to enter the public markets through a strategic merger with...
By Adam Smeltz | UNIVERSITY PARK, Pa. – Oil produced from shale reservoirs drove...
Trying to catch up in oil and gas production is difficult enough. It becomes...
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...
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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...
By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) cut its West...
The U.S. Geological Survey has released a fresh look at the Phosphoria Total Petroleum...
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