AXIOS – Pain in the U.S. oil patch from the coronavirus outbreak is no longer on the horizon. It’s here, and several...
Williston Herald – A University of North Dakota economist anticipates that it won’t take as long for the Bakken to recover from...
CNBC – Some of the world’s largest oil producers will meet to discuss a historic production cut later this week, with energy...
Wal van Lierop – Forbes – The COVID-19 pandemic has shuttered the world’s economies, overwhelmed healthcare systems and taken loved ones from...
NEW YORK (AP) — In Montana, a father and son running a small oil business are cutting their salaries in half. In...
By: Dylan Goforth – Enid News & Eagle – Gov. Kevin Stitt this week sent a letter to President Donald Trump, urging...
USA TODAY – Former Energy Secretary Rick Perry believes that the oil industry could collapse because of the dramatic decrease in demand...
By Greg Avery – Reporter, Denver Business Journal – Denver-based oil company Whiting Petroleum is seeking Chapter 11 bankruptcy protection, the first of what experts...
Houston Chronicle – Bankruptcy attorneys and restructuring experts are quickly becoming the most popular people in the oil patch. Energy companies are...
Texas Tribune – Two Texas oil companies with large footprints in the West Texas oil patch sent a letter Monday to state...
Oil futures on Friday ended lower, but still higher for the week, with the possibility that Venezuelan and, especially, Iranian exports will decline due to sanctions being the dominant factors — and bullish ones at that, said Michael Lynch, president at Strategic Energy & Economic Research.
Venezuelan oil exports are “minor enough that, even if the sanctions are effective, the market will be only minimally affected,” he said. President Donald Trump earlier this week threatened “secondary tariffs” of 25% on all imports from any country that buys oil from Venezuela.
Iranian oil exports, meanwhile, could decline by half a million barrels a day or more, but it's not clear how successful sanctions will be, said Lynch. The U.S. on March 20 sanctioned additional entities that have participated in Iran’s petroleum trade as part of its ongoing "maximum pressure" campaign on Iran.
May West Texas Intermediate crude settled down 56 cents, at $69.36 a barrel Friday, down 0.8% for the session but up 1.6% for the week. Brent crude, the international oil benchmark, closed down 40 cents, at $73.63 per barrel.
A long-overlooked shale play in South Texas might finally be showing signs of promise,...
In a stark reminder of the volatile energy landscape and the relentless drive for...
By Irina Slav for Oilprice.com | Oil prices have been on the mend this...
by Andreas Exarheas | RigZone.com | In an EBW Analytics Group report sent to Rigzone...
By Tsvetana Paraskova for Oilprice.com | The average price of India’s crude oil imports...
CBS News | Ukraine and Russia blamed each other on Sunday for breaking the one-day Easter...
By Irina Slav for Oilprice.com | In January, China’s National Energy Administration said it was eyeing...
Houston, long regarded as the epicenter of the U.S. energy industry, is currently navigating...
On April 8, 2025, the Keystone Pipeline experienced a significant rupture near Fort Ransom,...
By Georgina McCartney | (Reuters) -The U.S. upstream oil and gas M&A market is...
by Bloomberg|David Wethe, Alix Steel | Energy Secretary Chris Wright sought to reassure US...
Russia and Iran have cemented a preliminary energy pact that could dramatically reshape regional...
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