Williston Herald – A University of North Dakota economist anticipates that it won’t take as long for the Bakken to recover from...
CNBC – Some of the world’s largest oil producers will meet to discuss a historic production cut later this week, with energy...
Wal van Lierop – Forbes – The COVID-19 pandemic has shuttered the world’s economies, overwhelmed healthcare systems and taken loved ones from...
NEW YORK (AP) — In Montana, a father and son running a small oil business are cutting their salaries in half. In...
By: Dylan Goforth – Enid News & Eagle – Gov. Kevin Stitt this week sent a letter to President Donald Trump, urging...
USA TODAY – Former Energy Secretary Rick Perry believes that the oil industry could collapse because of the dramatic decrease in demand...
By Greg Avery – Reporter, Denver Business Journal – Denver-based oil company Whiting Petroleum is seeking Chapter 11 bankruptcy protection, the first of what experts...
Houston Chronicle – Bankruptcy attorneys and restructuring experts are quickly becoming the most popular people in the oil patch. Energy companies are...
Texas Tribune – Two Texas oil companies with large footprints in the West Texas oil patch sent a letter Monday to state...
David Gaffen, (Reuters) The oil industry has been hit by a simultaneous demand and supply shock in March as the coronavirus pandemic...
Iran’s ability to choke off the Strait of Hormuz, the crucial waterway connecting the Persian Gulf with the Gulf of Oman and the Arabian Sea, is a key question for investors. But it isn’t the only concern when it comes to flows of crude and other energy products out of the Middle East.
The potential for Iran to shut down shipping routes, particularly the strait, through which ships carrying roughly 20 million barrels a day of oil and oil products and 20% of the world’s liquefied-natural-gas supply, has long served as a boogeyman for investors, oil traders, shippers and world leaders. Now that threat is front and center following President Donald Trump’s decision to involve the U.S. directly in the Israel-Iran war Saturday by bombing Iranian nuclear sites.
“My initial take is that while odds of a full closure of the Strait of Hormuz remain below 50%, they are clearly higher than they were on Friday,” Rebecca Babin, senior energy trader and managing director at CIBC Private Wealth in New York, told MarketWatch.
“If the Strait of Hormuz became non-navigable, it would constitute pretty much an unprecedented negative supply shock for the energy markets, at least in recent history,” said Minna Kuusisto, chief analyst at Danske Bank in Copenhagen, in a Sunday note.
Chevron’s acquisition of Hess closed in July after months of arbitration and integration planning,...
By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) cut its West...
By Adam Smeltz | UNIVERSITY PARK, Pa. – Oil produced from shale reservoirs drove...
Key Highlights Global oil inventories are expected to grow more than 2 million b/d...
US crude inventories drop by 6 million barrels, exceeding forecasts Uncertainty over Ukraine peace...
The race to lower costs and accelerate production timelines in the Permian Basin has...
The U.S. Geological Survey has released a fresh look at the Phosphoria Total Petroleum...
Mergers and acquisitions in the U.S. oil and gas sector surged in 2024, more...
By Clyde Russell (Reuters) – There are early signs that some Asian countries are...
U.S. independent oil and gas producer Crescent Energy has agreed to acquire Vital Energy...
HOUSTON -Aug 22 (Reuters) – Oil prices steadied on Friday amid uncertainty surrounding a...
By Jarrett Renshaw-(Reuters) -President Donald Trump’s administration is expected to rule on a growing...
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