Tallgrass plans pipeline from Permian to Rockies by 2028
Tallgrass has secured anchor shipper agreements for a pipeline to transport...
Tallgrass has secured anchor shipper agreements for a pipeline to transport natural gas from the Permian Basin to the Rockies Express Pipeline and other points, with a target in-service date of late 2028. The pipeline is designed for up to 2.4 billion cubic feet per day, and an open season will allow other shippers to subscribe.
US shale firms hedge lightly amid oil price optimism
Declining oil prices have prompted increased hedging activity in the...
Declining oil prices have prompted increased hedging activity in the US shale patch in recent months, but overall coverage remains historically low as producers bet on higher future prices. As of late April, oil hedge ratios stood at 25.7% for 2025 and just 6.1% for 2026, well below natural gas hedge levels of 42.2% and 26%, respectively, according to Standard Chartered.
Updated BLM policy streamlines oil, gas leasing process
The Interior Department's Bureau of Land Management has revised leasing...
The Interior Department's Bureau of Land Management has revised leasing policies to shorten land parcel reviews for oil and natural gas leasing from up to 15 months to six and open more public land for development. Officials say the streamlined process will support job creation, strengthen energy security and help lower domestic energy costs.
JPow warns of supply shocks. Fed Chair Jerome Powell,...
JPow warns of supply shocks. Fed Chair Jerome Powell, on whose every word the stock market seems to move, said at a conference yesterday that, longer-term, interest rates are likely to stay higher amid constant changes to the economy. “We may be entering a period of more frequent, and potentially more persistent, supply shocks,” Powell said, “a difficult challenge for the economy and for central banks.” Powell also said the Fed is reviewing how it weighs its policy decisions surrounding curbing inflation and boosting employment. Stocks dropped following Powell’s comments but mostly recovered by the end of the day.
Air traffic control at Denver International Airport was hit by communication outages earlier this week, Bloomberg reported, days after Newark Liberty International Airport was plagued by radio and radar problems.
Ukrainian President Volodymyr Zelensky arrived in Turkey yesterday for scheduled peace talks with Russia, but Vladimir Putin was a no-show, sending a low-level delegation in his place.
The Odyssey, Christopher Nolan’s next blockbuster, will be the first commercial feature film to be shot entirely on Imax cameras, The Hollywood Reporter…reported.
Jamie Dimon admitted he “emoted a little bit” during an expletive-laden JPMorgan Chase town hall meeting in February when he railed against working from home (he’s still against it).
Oil prices settled down 2% on expectations for US-Iran nuclear deal
(Reuters)—Oil prices settled lower on Thursday on expectations of a...
(Reuters)—Oil prices settled lower on Thursday on expectations of a U.S.-Iran nuclear deal that could ease sanctions and release more barrels onto the global market.
Brent crude futures settled down $1.56, or 2.36%, to $64.53 a barrel. U.S. West Texas Intermediate crude futures settled down $1.53, or 2.42%, to $61.62.
U.S. President Donald Trump said on Thursday that the U.S. was getting close to securing a nuclear deal with Iran, and Tehran had "sort of" agreed to the terms.
An Iranian official told NBC News in an interview published on Wednesday that Iran was willing to agree to a deal with the U.S. in exchange for lifting economic sanctions.
"(Any) immediate sanctions relief stemming from a nuclear agreement could unlock an additional 0.8 million barrels per day of Iranian crude for the global market – an undeniably bearish development for prices," SEB analyst Ole Hvalbye said.
