by Rachel Frazin | The Hill |The Biden administration announced on Tuesday it was protecting 28 million acres of public lands in Alaska, reversing a...
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...
The oil and gas industry was rattled by President Donald Trump’s early April tariff announcements, prompting a sharp pause in market activity as commodity prices dropped, equity markets faltered, and investor confidence waned. WTI crude prices plummeted 15% in just a few days, and major publicly traded companies, such as Diamondback Energy and Occidental Petroleum, saw their shares decline by approximately 20%. With uncertainty clouding economic and policy outlooks, operators began forecasting a contraction in U.S. production, particularly if oil prices remain below $60/bbl. The LNG sector also felt the pinch, with liquefaction costs rising due to tariff-driven spikes in materials such as steel and aluminum, which increased construction costs and forced developers to reconsider EPC contracts. Industry experts warned that the tariffs could dampen demand, reduce investment, and delay reinvestment cycles, which are crucial for maintaining the global oil supply.
U.S. stocks finished sharply higher on Tuesday on rising optimism that trade tensions between the U.S. and China could soon ease.
The Dow Jones Industrial Average rose 1,016.57 points, or nearly 2.7%, to end at 39,186.98, snapping a four-day losing streak, according to Dow Jones Market Data.
The S&P 500 surged 129.56 points, or 2.5%, to finish at 5,287.76.
The Nasdaq Composite soared 429.52 points, or 2.7%, ending at 16,300.42.
The three major stock indexes on Tuesday finished higher to score their best day since April 9, after Bloomberg reported that Treasury Secretary Scott Bessent said the trade war with China was unsustainable, and he expects the situation to de-escalate in the very near future.
Bill Armstrong isn’t following the industry playbook. As U.S. shale producers consolidate and shrink...
Haynesville Gas Takeaway Grows With Leg Pipeline Launch (P&GJ) — Williams Companies has placed its...
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...
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...
(Reuters) – U.S. gasoline demand in May fell to the lowest for that month...
Have your oil & gas questions answered by industry experts.