China National Petroleum Corp (CNPC), Asia’s largest oil producer, is reassessing its global strategy with an eye on reviving its dealmaking activities....
By Mitchell Ferman|Bloomberg| About 100 miles east of UFO-capital Roswell, a dusty corner of New Mexico with more cattle than people quietly buttresses...
New Zealand announced on Monday that it will pass new legislation by the end of this year to reverse a ban on...
By Julianne Geiger for Oilprice.com | As OPEC+ gears up for its next meeting, the group finds itself at a crossroads that...
Story By Bethany Blankley | The Center Square – Texas’ oil and natural gas production reached new record highs in July, after...
By Matt Egan, CNN — Oil giant Halliburton said Wednesday it’s grappling with a computer system issue reportedly linked to a cyberattack. A person...
As of early Thursday, Brent crude futures edged up by 3 cents to $76.08 a barrel, while U.S. West Texas Intermediate (WTI)...
EIA – In our latest Short-Term Energy Outlook (STEO), we forecast that crude oil production in the United States will grow to an average...
by Bloomberg|Paul-Alain Hunt, Stephen Stapczynsk| According to Kevin Gallagher, the head of Santos Ltd, demand for natural gas will remain strong despite government...
Mergers and acquisitions in the U.S. oil and gas industry increased by 57% last year, as companies in the U.S. also increased...
Energy stocks opened deep in the red, alongside sliding equity futures and oil and natural gas prices. Investors are continuing to take down risk exposure amid rising rates and the ultra-hawkish tone set by Federal Reserve Chairman Jerome Powell on Wednesday. Trading volumes will be elevated today due to the quarterly expiration of futures and options, as well as index rebalancing.
Oil fell almost 3% on Friday as the market assessed the aftermath of interest rates hikes by central banks, but was still poised for a weekly gain amid supply disruption concerns and hopes for a recovery of demand in China. The U.S. Federal Reserve indicated it will raise interest rates further next year, even as the economy slips toward a possible recession. On Thursday, the Bank of England and the European Central Bank raised interest rates to fight inflation. "There are so many driving forces in the oil market at the moment and a more somber economic outlook on the back of the hawkish central bank message this week appears to be the dominant one going into the weekend," said Craig Erlam, analyst, at OANDA.
Natural gas futures are down 7%, tracking weaker oil and equity futures in today’s risk-off session.
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...
Haynesville Gas Takeaway Grows With Leg Pipeline Launch (P&GJ) — Williams Companies has placed its...
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...
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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