Story by Andreas Exarheas| RigZone.com | Donald J. Trump issued a raft of energy orders during his first day as the 47th President...
(Reuters) – Donald Trump’s pick to lead the Interior Department, Doug Burgum, said on Thursday he will vigorously pursue the president-elect’s goals of maximizing...
Canada is weighing its options for retaliating against incoming U.S. President Donald Trump’s proposed tariffs—potentially by restricting the flow of Canadian oil...
By JENNIFER McDERMOTT | AP | Chris Wright, President-elect Donald Trump’s pick for energy secretary, told senators during his confirmation hearing Wednesday that he...
Tsvetana Paraskova for Oilprice.com | Canada has drafted a list of U.S. goods worth billions of dollars that it could tax with...
The Permian Basin continues to dominate the U.S. oil production landscape, while other maturing Lower 48 basins are grappling with stagnation or...
Story by Bloomberg|Mia Gindis | Oil slipped from a five-month high as Hamas and Israel tentatively agreed to a cease-fire, cooling a rally fueled...
Langford Energy Partners (LEP), a private oil and gas operator, has announced the purchase of significant Midland Basin assets from Murchison Oil...
By Jonathan Saul | LONDON (Reuters) – At least 65 oil tankers have dropped anchor at multiple locations, including off the coasts...
(Bloomberg) — Oil companies declined to bid in a US government auction for drilling rights in the Arctic National Wildlife Refuge, as...
(Reuters) - Oil prices fell more than 2% on Monday on signs of progress in talks between the U.S. and Iran, while investors remained concerned about economic headwinds from tariffs that could curb demand for fuel.
Brent crude futures were down $1.70, or 2.5%, at $66.26 a barrel, after closing up 3.2% on Thursday. Thursday was the last settlement day last week because of the Good Friday holiday.
U.S. West Texas Intermediate crude fell $1.60, or 2.5%, to $63.08 a barrel, after settling up 3.54% in the previous session.
"The U.S.-Iran talks seem relatively positive, which allows for people to start thinking about the possibility of a solution," said Harry Tchilinguirian, group head of research at Onyx Capital Group.
"The immediate implication would be that Iranian crude would not be off the market."
Markets also have lower liquidity due to the Easter holiday, which can exacerbate price moves, he added.
In the talks, the U.S. and Iran agreed to begin drafting a framework for a potential nuclear deal, Iran's foreign minister said, following discussions that a U.S. official described as yielding "very good progress."
U.S. stocks ended sharply lower on Monday as investors debated what an early departure of Federal Reserve Chair Jerome Powell might look like for financial markets, after President Donald Trump again slammed Powell.
The Dow Jones Industrial Average went down 971.82 points or 2.5% to end at 38,170.41 for its fourth consecutive daily loss, according to Dow Jones Market Data.
The S&P 500 declined 124.50 points or 2.4% to finish at 5,158.20
The Nasdaq Composite fell 415.55 points or 2.6% to close at 15,870.90 for its fourth consecutive daily loss.
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...
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 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...
(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...
Trying to catch up in oil and gas production is difficult enough. It becomes...
Have your oil & gas questions answered by industry experts.