In the Permian Basin, a prime oil-producing territory, a critical issue has surfaced: the theft of crude oil. FBI findings reveal increased...
Overview: Preparing for the 2024-2025 Winter Heating Season As winter approaches, both natural gas utilities and consumers brace for a season impacted...
U.S. natural gas production from shale and tight formations, which accounts for 79% of dry natural gas production, decreased slightly in the first...
Story Credit| Fox News |Greg Norman, Brie Stimson, Caitlin McFall, Liz Friden, Efrat Lachter | In the largest attack by Israel on...
The first oil well discovered in Oklahoma was the Nellie Johnstone No. 1 in 1897 and at one time in 1927, Oklahoma was the largest...
This summer, U.S. utilities leaned more heavily on fossil fuels for electricity generation than their counterparts in China—a surprising reality that undercuts...
Iran’s upcoming budget plan reveals a significant shift in its allocation of oil and gas export revenues, with more than half directed...
Story by Andreas Exarheas| RigZone.com | In its latest short term energy outlook (STEO), which was released earlier this month, the U.S. Energy...
Story by Lee Ying Shan |CNBC.com| The biggest influx of liquified natural gas (LNG) supply is coming online and it will transform...
Iraq’s Deputy Petroleum Minister, Hamid Younes al-Zobai, recently visited Washington in an effort to secure additional funding from the United States. The...
The energy sector is off to a higher start, rebounding from yesterday's steep slide on the backs of strength in the underlying commodities. Major equity futures meanwhile steadied this morning as rates ticked higher and investors await a pair of key inflation readings later this week to gain clarity into the path forward for rate cuts from the Fed. The benchmark 10-year Treasury note yield rose more than 4 basis points this morning and is now trading above 4%.
WTI and Brent crude oil futures are up by over 2.5% in early trading, recovering from yesterday’s 4% drop on rising concerns that tensions in the Middle East will spread and ongoing supply outages in Libya. Weak economic data out of Germany, lingering demand worries, and speculation of rising OPEC supply after Saudi Arabia cut its OSP yesterday, are keeping a cap on gains. The Israeli military has said its fight against Hamas will continue through 2024, worrying markets that the conflict could grow into a regional crisis that could disrupt Middle Eastern oil supplies. German industrial production unexpectedly fell in November according to the Federal Statistics Office, marking a sixth consecutive monthly decline.
Natural gas futures resumed their trend higher, backed by cooler weather forecast in key consuming regions that should stir demand ahead of another winter storm.
Bill Armstrong isn’t following the industry playbook. As U.S. shale producers consolidate and shrink...
Yuka Obayashi and Katya Golubkova | TOKYO (Reuters) -U.S. President Donald Trump said on...
Baker Hughes, Hunt Energy, and Argent LNG are forming a partnership to create a...
By Charles Kennedy for Oilprice.com | Shell and other major energy players have withdrawn...
Merger and acquisition activity in the U.S. upstream oil and gas sector slowed significantly...
by Andreas Exarheas| RIGZONE.COM | Chevron will “consolidate or eliminate some positions” as part of...
Haynesville Gas Takeaway Grows With Leg Pipeline Launch (P&GJ) — Williams Companies has placed its...
The newly unveiled U.S.–EU energy framework, announced during the July 27–28 summit in Brussels,...
The U.S. oil and gas industry is riding a line between productivity and paralysis....
By Felicity Bradstock for Oilprice.com | The United Nations Development Programme (UNDP) and the...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
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