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.
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...
HOUSTON -Aug 22 (Reuters) – Oil prices steadied on Friday amid uncertainty surrounding a...
U.S. independent oil and gas producer Crescent Energy has agreed to acquire Vital Energy...
By Jarrett Renshaw-(Reuters) -President Donald Trump’s administration is expected to rule on a growing...
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