By: Trent Jacobs – Journal of Petroleum Technology – Facing crippling crude prices and a historic supply overhang, the once-booming US shale sector...
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...
Oil prices settled nearly 5% down on Tuesday at their lowest levels in nearly nine months on signs of a deal to resolve a dispute that has halted Libyan crude production and exports.
Brent crude futures closed down $3.77, or 4.9%, at $73.75 a barrel, their lowest level since Dec. 12. West Texas Intermediate crude futures (WTI) , which did not settle on Monday because of the U.S. Labor Day holiday, fell $3.21, or 4.4%, to $70.34 - also their lowest since December.
Brent closed down 0.3% last week, while WTI settled 1.7% lower.
Libya's legislative bodies have agreed to appoint a new central bank governor within 30 days after U.N.-sponsored talks, a statement signed by representatives of those bodies said on Tuesday.
U.S. stocks finished sharply lower on Tuesday, kicking off a historically tough month for the market. Investors assessed weak manufacturing data that reignited concerns over an economic slowdown.
According to preliminary data from FactSet, the Dow Jones Industrial Average fell 1.5% to end near 40,936.
The S&P 500 was off 2.1% to finish around 5,529.
The Nasdaq Composite tumbled 3.3%, ending near 17,136.
The three benchmark indexes suffered their worst day since the Aug. 5 market meltdown.
A Russian missile strike in the eastern Ukrainian city of Poltava on Tuesday killed at least 41 people and injured another 180, President Volodymyr Zelensky said, in the latest in a series of devastating strikes on Ukrainian cities.
Two ballistic missiles hit a military educational institution in the city, Mr. Zelensky said, as well as a neighboring hospital, trapping people under the rubble. A search and rescue operation was underway.
Bill Armstrong isn’t following the industry playbook. As U.S. shale producers consolidate and shrink...
Haynesville Gas Takeaway Grows With Leg Pipeline Launch (P&GJ) — Williams Companies has placed its...
Yuka Obayashi and Katya Golubkova | TOKYO (Reuters) -U.S. President Donald Trump said on...
Merger and acquisition activity in the U.S. upstream oil and gas sector slowed significantly...
by Andreas Exarheas| RIGZONE.COM | Chevron will “consolidate or eliminate some positions” as part of...
The U.S. oil and gas industry is riding a line between productivity and paralysis....
The newly unveiled U.S.–EU energy framework, announced during the July 27–28 summit in Brussels,...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
Trying to catch up in oil and gas production is difficult enough. It becomes...
Presidio Petroleum is preparing to enter the public markets through a strategic merger with...
(Reuters) – U.S. gasoline demand in May fell to the lowest for that month...
by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
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