CNBC – An unprecedented collapse in oil demand has forced some producers to come up with “creative” measures in order to find...
Denver Post – Colorado will delay hearings on a major revamp of its oil and gas regulations by several weeks, even as...
David Blackmon – Forbes – With news this morning that Chesapeake Energy is preparing to file for bankruptcy, The Texas Railroad Commission (RRC) will...
Matt Levine – Bloomberg – It will be a little weird if the price of oil goes negative next month. I mean,...
Forbes – At the start of the year, even before big oil and gas companies were clobbered by the global coronavirus or...
The first crude oil had actually been discovered by the Chinese in 600 B.C. and transported in pipelines made from bamboo. However,...
By: Ari Natter – Bloomberg – The oil and gas industry shed nearly 51,000 drilling and refining jobs in March, a 9%...
By: Kenneth Rapoza – Forbes – Sorry, Greta. Sorry, Extinction Rebellion. We haven’t seen the end of the oil industry yet. The...
By: Jordan Fabian and Jennifer A. Dlouhy – Bloomberg – President Donald Trump said his administration is working on a plan to...
Bloomberg Wire – Of all the wild, unprecedented swings in financial markets since the coronavirus pandemic broke out, none has been more...
President Biden landed in Israel as the world waited for evidence of whether a Hamas-linked group or Israel caused a devastating explosion yesterday at a hospital in Gaza City.
The explosion, evidently from a missile, killed hundreds of people and injured hundreds more. (This video, verified by Times journalists, shows the moment the blast destroyed the hospital.)
After Biden landed, he seemed to endorse Israel’s denial of responsibility. “Based on what I’ve seen, it appears as though it was done by the other team, not you,” he said. “But there’s a lot of people out there not sure.”
The U.S. crude inventory balance fell by 4.383M barrels during the week ended Oct. 13, according to the API. That contrasted with a 12.94M jump in the prior week to Oct. 6 led largely by a sharp decline in exports.
Aside from that balance, the API also noted a 1.005M barrel decline at the Cushing, Oklahoma delivery point for U.S. crude, versus the previous week’s draw of 0.547M. Cushing storage levels have dropped drastically this year, prompting concerns they might reach such critical lows to complicate operations at the storage hub.
On the fuel side, the petroleum trade group reported a gasoline inventory slide of 1.578M barrels and distillate stock drop of 0.612M barrels. In the prior week, gasoline saw a 3.645-M barrel build while distillates experienced a 3.535M drop.
It sounds like something out of a Netflix crime drama, but this one’s all...
By Irina Slav for Oilprice.com | In January, China’s National Energy Administration said it was eyeing...
In a move that is raising eyebrows across the global oil industry, ConocoPhillips has...
A Houston-based fuel company says Tesla still hasn’t paid for millions of dollars’ worth...
According to sources cited by Bloomberg, Shell is quietly exploring a potential takeover of...
by Bloomberg|David Wethe, Alix Steel | Energy Secretary Chris Wright sought to reassure US...
Source: EIA | Higher oil prices, increased drilling efficiency, and structurally lower debt needs...
By Georgina McCartney | (Reuters) -The U.S. upstream oil and gas M&A market is...
Gavin Maguire| LITTLETON, Colorado-(Reuters) | U.S. exports of LNG so far this year have...
After months of tough negotiations and political tension, the United States and Ukraine have...
Russia and Iran have cemented a preliminary energy pact that could dramatically reshape regional...
By Starr Spencer | S&P Global | Chevron, one of the biggest producers in the...
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