Story By By David Wethe (Bloomberg) — Oilfield-service costs for US horizontal shale drilling are expected to rebound in 2025, clawing back some...
Brent crude prices have climbed 8.5% so far this week on concerns over conflicts in the Middle East Story By Myra P....
According to a press release on October 2nd, Texas Pacific Land Corporation (TPL) has made a strategic move by acquiring significant oil...
Harold Hamm, the founder of Oklahoma based Continental Resources and a major figure in the U.S. shale industry, recently voiced strong criticism...
“I will cut your energy prices in half” From OilPrice.com | A Trump campaign pledge for sure, but one that has me...
The Energy Workforce & Technology Council (EWTC) has just released its 2024 Workforce Report, created in collaboration with Accenture. This report offers...
Story from BBC News|Mark Poynting & Esme Stallard | The UK is about to stop producing electricity from burning coal, ending its...
When Cindy Taff was a vice president at Shell in Houston, she often worked from home, and her middle school-aged daughter, Brianna,...
By World Oil | The Bureau of Safety and Environmental Enforcement (BSEE) has activated its Hurricane Response Team and is monitoring offshore oil...
Chevron’s $53 billion acquisition of Hess Corporation has caught the attention of the Federal Trade Commission (FTC), which has stepped in to...
The energy sector is off to a mixed-to-higher start, supported by strength in the crude complex, but pressured by modest losses in the major equity futures. The broader market futures retreated this morning after July’s PPI print came in hotter than expected. The producer price index, rose more than expected last month, advancing 0.3%. Economists polled by Dow Jones expected an increase of 0.2%.
WTI and Brent crude oil futures are higher this morning and are set to post gains for their seventh-consecutive week, following optimistic demand forecasts from OPEC+ and the IEA which overshadowed demand concerns from China. Last night, OPEC+ said it expects global oil demand to rise by 2.25 million bpd in 2024, as the firm anticipates China’s economic growth will boost oil consumption. This morning, the IEA warned global inventories could decrease further throughout the end of 2023, which would add to the tailwinds fueling oil’s recent rally.
Natural gas futures have erased earlier gains and are now lower on a larger-than-expected storage build. The EIA weekly storage report (week ended 4-Aug) showed a build of +29 Bcf vs consensus +24 Bcf and vs 5-yr average of +46 Bcf.
The oil is a light hydrocarbon. The rate of associated gas that the well produces is up to 825,000 cubic feet per day, it said.
A recent ruling from the Supreme Court of Texas has clarified a long-standing legal...
In the heart of West Texas, where the highways stretch for miles and the...
by Bloomberg|María Paula Mijares Torres |US President Donald Trump said his administration’s talks with Iran...
Laila Kearney (Reuters) – PG&E (PCG.N), California’s largest electric utility, has seen a jump...
The Trump administration is once again turning its attention to Alaska, sending three Cabinet...
In a surprising legal development, the New Mexico Court of Appeals has dismissed a...
by Andreas Exarheas|RigZone.com| A statement posted on OPEC’s website on Saturday announced that Saudi Arabia,...
On June 3, Viper Energy (NASDAQ: VNOM), a subsidiary of Diamondback Energy, announced it...
Published by Kristian Ilasko, Digital Content Coordinator | Hydrocarbon Engineering | Although global oil demand...
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