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Chisholm Oil & Gas LLC and Apollo Global Management LLC (NYSE: APO) formed a strategic partnership as the E&P closed on 53,000...
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THE WOODLANDS, Texas — Newfield Exploration Company, in conjunction with the Company’s participation in this week’s Scotia Howard Weil Energy Conference, has...
Removing the word “shale” from the state’s existing Shale Reservoir Development Act A 2016 State Chamber study demonstrated 3 key facts about...
Gastar Exploration has expanded its presence in the STACK play of Oklahoma by increasing its stake in a set of wells and...
White Star Petroleum, LLC announced today that it has acquired approximately 30,500 net acres in the Mid-Continent region in two transactions with...
Apache Corporation (NYSE: APA) continues to work through proving out its Alpine High oil discovery in west Texas’ Permian Basin that it...
All oil fields see their production levels deplete as they age. Shale wells infamously suffer from exponential decline, with their production rates...
Marathon Oil Corp.(NYSE: MRO) has agreed to sell off its Canadian oil sands business for $2.5 billion, and buy 70,000 net acres...
World oil demand will rise faster than expected next year, the International Energy Agency (IEA) said on Thursday, a sign that the outlook for near-term oil use remains robust despite this week's COP28 agreement to transition away from fossil fuels.
World consumption will rise by 1.1 million barrels per day(bpd) in 2024, the Paris-based IEA said in a monthly report, up 130,000 bpd from its previous forecast, citing an improvement in the outlook for the United States and lower oil prices.
The 2024 upward revision reflects "a somewhat improved GDP outlook compared with last month's report," the IEA said. "This applies especially to the U.S. where a soft landing is coming into view."
Oil prices rose on Thursday, extending the previous session's gains, boosted by a weaker dollar, and as the IEA lifted its oil demand forecast for next year. World oil consumption will rise by 1.1 million bpd in 2024, the IEA said in a monthly report, up 130,000 bpd from its previous forecast, citing an improvement in the outlook for the United States and lower oil prices. The 2024 estimate is less than half the forecast of OPEC. A weaker dollar after the U.S. central bank signaled lower borrowing costs for 2024 also boosted prices.
Natural gas futures are higher by a penny, trading around $2.35, with weekly inventory data due this morning. Analysts expect a draw of 52 bcf. Near-term domestic production is moderating, while warmer-than-average December temperatures remain a headwind.
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...
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...
(Reuters) – U.S. gasoline demand in May fell to the lowest for that month...
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by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
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Key Highlights Global oil inventories are expected to grow more than 2 million b/d...
˃ Financing from the six largest Wall Street banks for oil, gas, and coal...
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