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...
Story By Melody Petersen|Los Angeles Times|Escalating his fight against the fossil fuel industry, Gov. Gavin Newsom signed bills Wednesday that will shut...
U.S. shale oil and gas executives are increasingly shifting toward electric rigs and fracking as part of efforts to cut diesel emissions,...
(Reuters) - Oil prices settled down on Monday by more than $1, as investors weighed new threats from U.S. President Donald Trump for sanctions on buyers of Russian oil that may affect global supplies, while still worried about Trump's tariffs.
Brent crude futures settled down $1.15, or 1.63%, to $69.21 a barrel. U.S. West Texas Intermediate crude futures lost $1.47, also 2.15%, to $66.98.
Trump announced new weapons for Ukraine and threatened to slap new sanctions on buyers of Russian exports unless Moscow agrees to a peace deal in 50 days.
Oil prices rallied early, on expectations that Washington would impose steeper sanctions. But prices retreated as traders weighed whether the U.S. would actually impose steep tariffs on countries that continue to trade with Russia.
"The market took it as a negative because there seemed to be a lot of time to negotiate," said Phil Flynn, senior analyst with Price Futures Group. "The fear of immediate sanctions on Russian oil is further off in the future than the market thought this morning."
China and India are among the top destinations for Russian crude oil exports.
U.S. stocks closed higher on Monday as investors awaited tariff developments, watched Treasury yields climb and looked forward to Tuesday's CPI inflation update.
The Dow Jones Industrial Average rose 88.14 points, or 0.2%, ending at 44,459.65.
The S&P 500 added 8.81 points, or 0.1%, finishing at 6,268.56.
The Nasdaq Composite rose 54.80 points, or 0.3%, closing at 20,640.33 — a new record high.
On Monday, President Trump told Russia it has 50 days to reach a peace deal with Ukraine or face increased economic pressure from Washington.
Of note, the 30-year Treasury yield edged up to 4.971%, closing in on its one-year high of 5.089% from May.
After a long slump, Oklahoma’s natural gas sector is once again showing signs of...
President Donald Trump’s latest legislative push, known as the “One Big Beautiful Bill,” marks...
WASHINGTON (Reuters) – American companies unveiled a series of significant AI and energy investment...
Oklahoma’s largest oil and gas operators are lining up to claim a new $50...
By Felicity Bradstock for Oilprice.com| Many countries need to invest heavily in upgrading their...
By Charles Kennedy for Oilprice.com | Shell and other major energy players have withdrawn...
Baker Hughes, Hunt Energy, and Argent LNG are forming a partnership to create a...
Yuka Obayashi and Katya Golubkova | TOKYO (Reuters) -U.S. President Donald Trump said on...
Merger and acquisition activity in the U.S. upstream oil and gas sector slowed significantly...
By Felicity Bradstock for Oilprice.com | The United Nations Development Programme (UNDP) and the...
The U.S. oil and gas industry is riding a line between productivity and paralysis....
Have your oil & gas questions answered by industry experts.