Bloomberg – Chinese oil demand has dropped by about three million barrels a day, or 20% of total consumption, as the coronavirus squeezes the...
WVNews — A trio of bills relevant to West Virginia’s oil and gas industry were advanced by Senate committees on Thursday. The...
Houston Chronicle – Gradiant Energy Services CEO Danny Jimenez wants to change how the oil and natural gas industry handles the hundreds...
Reuters – At Exxon Mobil Corp (XOM.N), CEO Darren Woods’ plan to revive earnings at the largest U.S. oil and gas company...
S&P Global Platts – Producers in the New Mexico portion of the Permian Basin have shown resiliency amid depressed commodity prices and...
Robert Rapier – Forbes – Law firm Haynes and Boone recently released its updated Energy Bankruptcy Reports. These reports cover North American oil and...
S&P Global Platts – In a first ever, Permian forward gas prices settled in negative territory this week as the 2020 market outlook...
CNBC – Outgoing BP chief Bob Dudley on Wednesday criticized sweeping climate proposals from Sen. Bernie Sanders, a top-tier 2020 Democratic presidential candidate, and...
Reuters – Oil prices fell more than 2% on Wednesday as a market surplus forecast by the International Energy Agency (IEA) and...
John Kemp – Reuters – U.S. oil and gas production growth is slowing, as lower prices force shale firms to reduce new...
The energy sector is poised for a higher start, supported by strength in the underlying commodities even as the major market indices are trading lower following yesterday’s rally. U.S. stock futures edged lower as investors remain worried about aggressive monetary policy tightening and slowing economic growth after digesting comments from Federal Reserve Bank Chair Jerome Powell.
WTI and Brent crude oil futures are up in early trading on expectations that China will be easing COVID-19 restrictions put in place to combat infection rates which will increase demand as supply concerns linger. After seven weeks of being locked down, Shanghai authorities have granted approval to 864 of the city’s financial institutions to resume work. The move is part of the financial hub’s plan to reopen broadly and allow normal life to resume after the lockdown was enacted. Supply concerns are increasing as Russian crude output in April fell by roughly 9% from the previous month due to sanctions imposed on Moscow for their invasion of Ukraine. This is the steepest fall in the country’s output since the one that occurred after the collapse of the Soviet Union in the 1990s.
Natural gas futures inched up on forecasts for warmer weather, higher cooling demand and supply concerns.
Presidio Petroleum is preparing to enter the public markets through a strategic merger with...
Trying to catch up in oil and gas production is difficult enough. It becomes...
By Adam Smeltz | UNIVERSITY PARK, Pa. – Oil produced from shale reservoirs drove...
Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off...
Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs...
Fossil fuel financing by Wall Street’s leading banks has declined sharply in 2025, highlighting...
Key Highlights Global oil inventories are expected to grow more than 2 million b/d...
The race to lower costs and accelerate production timelines in the Permian Basin has...
Mexico’s energy story has turned again. After years of political resistance to hydraulic fracturing,...
by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
˃ Financing from the six largest Wall Street banks for oil, gas, and coal...
The U.S. Geological Survey has released a fresh look at the Phosphoria Total Petroleum...
Have your oil & gas questions answered by industry experts.