In a story in the New York Times,Rebecca F. Elliott writes that electricity demand is rising so quickly in the United States...
In an impactful move set to strengthen its foothold in the Delaware Basin, Kinetik Holdings Inc. (NYSE: KNTK) has announced a $180...
➡️Recent discoveries in Guyana and Namibia have reignited interest in deepwater oil exploration, offering high returns for major oil companies. ➡️Despite forecasts...
Equinor UK Ltd, a subsidiary of Equinor ASA, and Shell UK Limited, a subsidiary of Shell plc, have announced a major energy...
The Biden administration has announced plans to hold an oil and gas lease sale in Alaska’s Arctic National Wildlife Refuge (ANWR) on...
Story By Julianne Geiger for Oilprice.com | The European Union is working with the United States to soften the blow without undermining...
Imagine you own a 135-acre farm in Tioga County, Pennsylvania, and after negotiating what you believed to be a cost-free royalty agreement...
CNX Resources Corporation (NYSE: CNX) has taken a significant step in its operational expansion by announcing the acquisition of Apex Energy II,...
Frank Phillips, born on November 28, 1873, in Scotia, Nebraska, was the eldest of ten children in a farming family. In 1874,...
Crescent Energy Company (NYSE: CRGY) has made a bold move in the energy sector by signing a definitive agreement to acquire assets...
The energy sector is set to extend yesterday’s declines into this morning’s session, pressured by further weakness in the crude complex and in the major equity indices which continued to fall on growing concerns over global economic growth.
WTI and Brent crude oil futures are down over 4% in early trading with the U.S. benchmark falling back below the $100-mark, driven by additional strength in the dollar, demand-sapping COVID-19 curbs in China and fears of a global economic slowdown. The euro lost ground and is trading near parity with the dollar. Multiple Chinese cities are adopting fresh COVID-19 curbs, from business shutdowns to broader lockdowns in an effort to rein in new infections from the highly infectious BA.5.2.1 subvariant of the virus. While U.S. President Biden will make the case for higher oil production from OPEC when he meets Gulf leaders in Saudi Arabia this week, as analysts don’t expect much from the visit. U.S. Treasury Secretary Janet Yellen is in Asia to discuss ways to strengthen sanctions on Moscow, including a price cap on Russian oil to limit the country's profits and help to lower energy prices. The IEA Executive Director Birol said that any price caps on Russian oil should include refined products.
by Andreas Exarheas | RigZone.com |In a release sent to Rigzone this week, Enverus announced...
By Tsvetana Paraskova for Oilprice.com | U.S. oil producers flocked to hedge higher prices...
Story By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) revealed its...
By a 6–0 vote, the Texas Supreme Court has handed a major victory to...
A-list actors are turning their attention to Wall Street, and this time, the plot...
The oil and gas sector is undergoing a major digital overhaul, and data is...
Story By Andreas Exarheas| RigZone.com |Executives from oil and gas firms have revealed where...
By Tsvetana Paraskova for Oilprice.com | Equinor and its partners have decided to invest...
(Reuters) -An $88 million satellite backed by billionaire Jeff Bezos that detected oil and...
Global energy markets are watching a delicate balancing act unfold. Between renewed signals of...
The U.S. Interior Department has proposed a major rule change that could reshape onshore...
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