By: Ed Hirs – Forbes – When does $9 equal $40? When the alchemists in the oil patch present their numbers to...
By: Jack Money – The Oklahoman – The three-member Oklahoma Corporation Commission on Wednesday denied a request to limit the amount of...
Houston Chronicle – Most analysts predict the oil price crash that has led to steep losses, thousands of layoffs, and a growing...
By: Jack Money – The Oklahoman – Congress is being lobbied to consider economic stimulus packages for energy industry states, including Oklahoma....
By: Albert Wynn – Bloomberg Law – We put natural gas in the spotlight as the nation has begun reopening state by...
Forbes – Much has been reported about the many impacts the COVID-19 pandemic has had on the U.S. oil and gas industry,...
Forbes – Oil service companies are struggling as French giant Schlumberger announced on Wednesday that it will book a $1.4 billion charge against its...
Roger Conrad – Forbes – The whole thing took almost a year and a half from start to finish. But Atlantic Coast...
By: Christopher M. Matthews and Andrew Scurria – The Wall Street Journal – Banks are slashing credit lines to shale drillers, as...
Houston Chronicle – More than 100,000 U.S. oil and gas jobs have been lost during the economic downturn brought on by the...
The energy sector is off to a higher start, supported by a rally in crude oil contracts as conflict in Israel ratchets up the geopolitical risk premium. Futures tied to the major equity indices are lower amid rising geopolitical tensions which is putting pressure on a market dealing with surging inflation and interest rates.
WTI and Brent crude oil futures are kicking off the week sharply higher, recovering some of last week’s losses fueled by this weekend’s attack by Hamas on Israeli towns. Analysts said the situation now brings discussion around whether or not other nations including Saudi Arabia and Iran will be drawn into the conflict. According to Reuters, global hedge fund managers were selling U.S. stocks sensitive to commodities at an accelerated pace in the week ending October 6, according to a Goldman Sachs note to clients, just before the price of oil jumped this morning. Hedge funds had, as of Friday, ramped up selling to the fastest pace since early June in shares of U.S. companies that manufacture chemicals, building materials, and paper products, said the note from Goldman Sachs' prime brokerage.
Natural gas futures are extending last week’s gains amid today’s rally in crude oil and as preliminary estimates for the EIA weekly storage data had a build of +83 to +93 Bcf vs 5-yr avg of +93 Bcf.
by Andreas Exarheas | RigZone.com |In a release sent to Rigzone this week, Enverus announced...
By Tsvetana Paraskova for Oilprice.com | U.S. oil producers flocked to hedge higher prices...
Story By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) revealed its...
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(Reuters) -An $88 million satellite backed by billionaire Jeff Bezos that detected oil and...
Story By Andreas Exarheas| RigZone.com |Executives from oil and gas firms have revealed where...
Global energy markets are watching a delicate balancing act unfold. Between renewed signals of...
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