Midland Reporter-Telegram – U.S. operators have been slashing production in response to the collapse in both oil demand and oil prices. Those...
Forbes – As with seemingly every other aspect of the COVID-19 pandemic, the fallout and recovery related to the U.S. oil and...
Reuters – A month after sellers had to pay nearly $40 a barrel to get rid of U.S. oil futures, the next...
Oilfield Technology – US oil producers have been expected for some time to have shut down oil production as a result of...
By: Scott Carpenter – Forbes – Bill Gilmer knows an economic bust when he sees one. In the 1980s, when oil prices...
Market Insider – Goldman Sachs is predicting a V-shaped bounce back in oil demand but expects the fuel to face a beating from...
By Leah McGrath Goodman, the Institutional Investor. The first-ever zero oil futures trade happened at 2:08 p.m. ET on Monday, April 20, during...
Reuters – Chesapeake Energy Corp said it would prepay a total of $25 million in incentive compensation to 21 top executives to...
BARRON’S – Using his fleet of drones, Dale Parrish tracks one of the most sensitive data points in the oil world: the...
S&P Global Platts – The associated natural gas production declines across US plays due to the crude price collapse and the coronavirus...
The energy sector is off to start lower, pressured by weakness in the underlying commodities. U.S stocks are expected to rebound following two-consecutive sessions of losses, ahead of the consumer confidence and job openings data later today.
WTI and Brent crude oil futures dropped following yesterday’s rally on fears that a slower global economic outlook could soften energy demand and the potential arrival of more Iranian barrels to the market which outweighed political unrest in the Middle East. Global central banks are prepared to continue fighting record inflation that has not been seen in half century even as investors worry more rates hikes will lead to a recession. A series of attacks on a gas field in Iraq has sent U.S. contractors working on its expansion packing, damaging the hopes of Kurdish Region’s looking to boost their revenues. Despite ongoing fighting in Baghdad, state-owned marketer SOMO said the country’s oil exports are unaffected by the unrest, adding to the further downward pressure we are seeing this morning. Nigeria’s Q2 oil production dropped to 1.43M bpd, its lowest quarterly level since 2016, far below the country’s 1.799M bpd quota under the OPEC+ deal, amid rampant theft and vandalism.
After a long slump, Oklahoma’s natural gas sector is once again showing signs of...
President Donald Trump’s latest legislative push, known as the “One Big Beautiful Bill,” marks...
WASHINGTON (Reuters) – American companies unveiled a series of significant AI and energy investment...
Oklahoma’s largest oil and gas operators are lining up to claim a new $50...
Yuka Obayashi and Katya Golubkova | TOKYO (Reuters) -U.S. President Donald Trump said on...
By Felicity Bradstock for Oilprice.com| Many countries need to invest heavily in upgrading their...
Baker Hughes, Hunt Energy, and Argent LNG are forming a partnership to create a...
By Charles Kennedy for Oilprice.com | Shell and other major energy players have withdrawn...
Merger and acquisition activity in the U.S. upstream oil and gas sector slowed significantly...
By Felicity Bradstock for Oilprice.com | The United Nations Development Programme (UNDP) and the...
The U.S. oil and gas industry is riding a line between productivity and paralysis....
by Andreas Exarheas| RIGZONE.COM | Chevron will “consolidate or eliminate some positions” as part of...
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