Governor Gavin Newsom’s recent proposal to require California refiners to maintain a minimum fuel reserve may seem like a bold move to...
Story by Andreas Exarheas| RigZone.com| Hedge funds and Commodity Trading Advisors (CTAs) reduced their longs across the four main Brent and WTI...
Chevron has achieved a significant milestone in oil production, announcing on Monday that it has successfully pumped oil from a field operating...
Rachel More and Anna Wlodarczak-Semczuk |REUTERS| BERLIN| Poland received a European arrest warrant from the Germans in Berlin, concerning the 2022 attack...
The Colorado Energy and Carbon Management Commission (ECMC), the state body overseeing oil and gas operations, has taken a significant step by...
Story by Andreas Exarheas| RigZone.com| Geopolitical risks in the Middle East have risen to their highest level since the start of the...
The owner of the dormant Three Mile Island nuclear power plant is actively exploring the possibility of restarting the reactor, which was...
In the sweltering heat of July 2018, Dale Redman, an oilfield service executive with a flair for the extravagant, made a move...
Story By Tsvetana Paraskova|Oilprice.com| While U.S. crude oil production breaks record highs, the number of upstream and oilfield services jobs is flatlining...
Story By Alex Lawler, Dmitry Zhdannikov and Shariq Khan | REUTERS |Global oil demand growth needs to accelerate in the coming months, or the market...
Exxon Mobil Corp. on March 2 said it will further slash expenses and its oil and gas production portfolio to boost returns, but offered no updates on shareholder returns.
The company began its annual update to investors a day after disclosing it would exit its last Russian operations in response to the invasion of Ukraine that sent oil prices to their highest level in eight years.
Exxon Mobil said it expects to cut annual costs by $9 billion in by 2023, $3 billion more than a previous target, in a drive to quickly pay down debt taken on during the pandemic and double earnings by 2027, over 2019 levels.
World crude oil prices soared Wednesday as Russian soldiers expanded their invasion of Ukraine, pounding civilian and residential areas of cities and increasing the number of dead.
Global benchmark Brent crude futures peaked at nearly $114 a barrel, then settled up $7.96 or 7.6% at $112.93 on ICE Futures Europe. It was Brent’s highest close since June 2014 as the global benchmark rose more than 15% this week.
Here in the states, West Texas Intermediate crude climbed as high as $112.51 a barrel before finishing the day up $7.19 or 7% at $110.60 a barrel on the New York Mercantile Exchange. It was the highest mark for US crude oil since May 2011.
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...
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 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....
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