Innovation, investment and inviting geology have given new life to an oil patch that once seemed spent. The oil field is now...
The US Unconventional industry continues to see increasing completion intensity per well. This is driving spectacular production growth but there are hints...
Chesapeake Energy Corporation and WildHorse Resource Development Corporation jointly announced today the preliminary results of the elections made by holders of shares...
S&P Global Platts, Houston — Continental Resources projects its latest showcased oil play, known as Project SpringBoard and sited in Oklahoma, alone will...
By Mike Hughlett Star Tribune –Time is getting tight for Enbridge to break ground on its controversial $2.6 billion crude oil pipeline across northern...
Permian Strategic PartnershipReuters –Former U.S. Commerce Secretary and energy executive Don Evans will chair a partnership of oil and gas firms that...
Toby Darden stomped on the ATV’s gas pedal, carving through blustery winds to reach the far northern corner of his 37,000-acre Permian...
DENVER (CN) – A Colorado community sued the state’s Oil and Gas Conservation Commission in federal court Wednesday, claiming that a state...
By Reuters ~ Saudi Aramco, the world’s top oil producer, is looking to acquire natural gas assets in the United States and is...
EIA’s January 2019 Short-Term Energy Outlook (STEO) expects several U.S. natural gas market trends from 2018 to continue into 2019 and 2020, including relatively...
Oil prices slid Friday to their lowest levels in nearly four years. A plan to increase supply by the Organization of the Petroleum Exporting Countries and its allies added to fears that tariffs will plunge the global economy into recession.
Brent crude, the global benchmark, closed down at $65.58, off $4.56.
West Texas Intermediate, down $4.96, or 7.4%, at $61.99, the lowest front-month finish since April 26, 2021
In an unexpected move, eight OPEC+ countries said Thursday they will increase output by 411,000 barrels a day next month.
Even before President Trump’s latest sweeping tariffs, the escalating trade war was stoking fears of a global slowdown in economic activity that would erode demand. The possibility of a settlement of the war between Russia and Ukraine has raised the prospect of more Russian oil being exported.
"The two factors that previously limited downside risk to prices, that is low recession risk and OPEC's preference for low production" are no longer in place, Goldman Sachs analysts said.
They reduced their price forecast for Brent to an average of $69 a barrel in 2025, from $73. They cut WTI to $66, from $69.
Roughly $11.1 trillion has been wiped away from the U.S. stock market since Jan. 17, the Friday before President Donald Trump took the oath of office and began his second term.
Dow Jones data showed that some $6.6 trillion of that figure was lost on Thursday and Friday alone—the largest two-day wipeout of shareholder value on record.
The Dow Jones tumbled 2,231.07 points on Friday, or 5.5%, to end at 38,314.86.
The S&P 500 plunged 322.44 points, or 6%, to finish at 5,074.08.
The Nasdaq tanked 962.82 points, or 5.8%, to close at 15,587.79.
The Dow Jones ended Friday in correction territory, defined as a drop of at least 10% from a recent peak. The Nasdaq entered a bear market on Friday, which is marked by a steeper fall of at least 20% from a recent high.
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...
Baker Hughes, Hunt Energy, and Argent LNG are forming a partnership to create a...
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...
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