Forbes – When it rains it pours. International and domestic oil and gas markets and prices are under heavy pressure from COVID-19 impacts and...
Oil could fall below $20 a barrel and “stock markets could easily shed another 30-40% of their values,” one analyst said. The...
Reuters – For the last five years, U.S. shale oil producers have been battling suppliers for lower costs and running equipment and...
Midland Reporter-Telegram – Two more Houston energy companies slashed spending and dividends Thursday after oil prices crashed earlier this week. Apache Corp....
CNBC – Oil dropped as much as 8% on Thursday as crude continues to take a hit on both the supply and...
By: Jack Money The Oklahoman – Pandemic fears and a global energy war are poised to wreak havoc on Oklahoma’s oil and...
Financial Post – Chevron said it is looking at ways to cut spending, which could lead to lower near-term oil and gas...
The Washington Post – Wall Street was under siege Monday as a coronavirus-fueled oil war sent crude prices plummeting more than 20...
The Dallas Morning News – Dallas City Hall owes gas driller Trinity East Energy $44.5 million — and counting. That’s according to...
Bloomberg – Troubled oil and gas companies may have a hard time persuading their banks to keep extending credit as the outlook...
Energy stocks opened lower this morning, tracking mildly weaker broader index futures and lower oil prices. News flow continues to thin out as earnings have passed and year-end nears. Market participants will continue to remain focused on macroeconomic data, rates and Fed commentary.
Oil prices edged lower on Thursday, extending losses from the previous session as signals of higher supply from the U.S. met concern over lackluster energy demand from China. Near-term prices remain in contango, suggesting that investors expect prices to increase. "Clearly, the decline in crude oil prices and the weakening of the structure is an ominous sign; one that implies an oversupplied physical market," said Tamas Varga of oil broker PVM.
Natural gas futures are higher by a nickel. Cooler forecasts for the coming two weeks is aiding futures. EIA storage data will cover the past two weeks, with consensus expecting a combined build of 38 bcf.
Oil futures fall as EIA says crude inventories in the two weeks to Nov. 10 rose by 17.5 million barrels, to 439.4 million barrels.
EIA says crude stocks were up by 3.6 million barrels last week, adding to a 13.9 million build the previous week which it hadn't reported because of a system upgrade.
Crude stocks were 2% below their 5-year average. Gasoline stockpiles fell by 1.5 million barrels and distillate stocks were down by 1.4 million. Refineries processed 15.4 million barrels of crude daily, operating at 86.1% of capacity amid slumping refining margins.
The Cushing Hub held 25 million barrels of oil as of November 10, up from the 23.1 million recorded on October 27. Cushing’s total at the end of September was 22.1 million barrels.
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...
By Felicity Bradstock for Oilprice.com| Many countries need to invest heavily in upgrading their...
By Charles Kennedy for Oilprice.com | Shell and other major energy players have withdrawn...
Baker Hughes, Hunt Energy, and Argent LNG are forming a partnership to create a...
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 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....
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