Conditions ripe for oil, gas price increases in near future
Crude oil supplies will tighten and oil prices will increase in the coming months due to sluggish US...
Crude oil supplies will tighten and oil prices will increase in the coming months due to sluggish US oil production growth and OPEC+ supply cuts, said EOG Resources Chief Operating Officer Lloyd Helms at a JPMorgan energy conference. Similarly, reduced drilling activity in shale gas basins could benefit gas prices, Helms noted.
Shale drilling challenges take center stage at conference
Advancements in technology and development strategies have streamlined shale production, but the relentless...
Advancements in technology and development strategies have streamlined shale production, but the relentless pursuit of optimization has compounded the complexity and difficulty of drilling and completion operations, particularly in the Haynesville Shale, according to panelists at the recent Unconventional Resources Technology Conference. Factors like geological and geographical constraints, stage spacing, lateral length and frac efficiency contribute to production variations and other challenges faced by the industry.
US stock futures fall early Friday, as investors...
US stockfutures fall earlyFriday, as investors continue to digest Federal Reserve Chair Jerome Powell's comments that further rate hikes are likely. Check out the latest market moves.
Earnings on deck: CarMax and Apogee Enterprises, are both reporting.
Benchmark U.S. crude oil for August delivery fell $3.02 to $69.51 a barrel Thursday. Brent crudefor August delivery fell $2.98 to $74.14 a barrel.
Wholesale gasoline for July delivery fell 7 cents $2.55 a gallon. July heating oilfell 9 cents to $2.47 a gallon. July natural gasrose 1 cent to $2.61 per 1,000 cubic feet.
Pemex Reports Helicopter Crash Near Ciudad del Carmen
Mexico’s Navy Secretariat (SEMAR) continues with a search and...
Mexico’s Navy Secretariat (SEMAR) continues with a search and rescue operation initiated after a helicopter operated by Heliservicios went down offshore the Ciudad del Carmen near Campeche Sound, en route to Petróleos Mexicanos (Pemex) offshore platforms.
The incident happened approximately 11 nautical miles from Ciudad del Carmen when the helicopter went down, Mexico’s state-owned oil producer said in a press release. The only two occupants were the pilot and his co-pilot, the Mexico City-based oil giant said.
