By Alex Kimani for Oilprice.com |A week ago, Kuwait Oil Company (KOC) announced a significant discovery of light oil and associated gas in...
An Oklahoma court has issued a temporary injunction on a state law designed to prevent investments in companies that do not align...
During the Republican National Convention in Milwaukee, Donald Trump accepted the presidential nomination with fervent chants of “drill, baby, drill,” emphasizing his...
Story Credit: By Eurasianet | An ongoing joint military exercise involving a comparatively small number of American and Armenian troops at a base in...
Presidential elections in the United States have historically had significant impacts on the oil and gas industry, influencing everything from regulatory frameworks...
by Jov Onsat | RigZone.com | Forty-four European countries, including the United Kingdom plus the European Union, have agreed to work together to...
As the nation approaches the November 5 presidential election, the energy sector’s future hangs in the balance. The next occupant of the...
Exxon Mobil Corp. has reached an agreement to sell its Malaysian oil and gas assets to the state energy firm Petronas, marking...
By Bloomberg, via RigZone.com |Julia Fanzeres and Alex Longley| Oil held steady after the biggest daily gain in a month as US...
In an unexpected setback for Cyprus’ energy ambitions, a Chinese-led consortium has terminated its contract to construct the island nation’s inaugural natural...
The energy sector is off to a lower start, pressured by weakness in the crude complex and the major market futures. U.S equities are expected to open lower amid fears of further interest rate hikes by the Federal Reserve. As earnings season ramps up, Baker Hughes announced first-quarter earnings that beat Wall St expectations as strong oil prices continue to support demand for their services and equipment. UBS analyst Josh Silverstein initiated coverage across 19 oil & gas stocks and assumed coverage over CVX, SLB and XOM.
Oil futures are extending their weekly losses as traders remain focused on the possibility of another modest rate hike. Concerns over a slowing economy and fuel demand outweighed positive Chinese economic data and a draw in crude inventories according to the API. Markets are now pricing in an 86% chance of the Fed raising rates by 25 basis points at its May policy meeting. As anticipated, China's GDP grew by more than expected at 4.5%, for the first quarter and surpassed analyst expectations. Their refinery throughput also rose to record levels in March. Investors will be keeping an eye out for EIA data which will be released later as last night’s API data showed crude stocks fell by 2.68 million barrels last week.
Natural gas futures are lower amid forecasts for cooler temperatures and lower heating demand than previously expected.
Benchmark U.S. crude oil for May delivery rose 3 cents to $80.86 a barrel Tuesday. Brent crude for June delivery rose 1 cent to $84.77 a barrel.
Wholesale gasoline for May delivery fell 2 cents $2.75 a gallon. May heating oil fell 1 cent to $2.60 a gallon. May natural gas rose 9 cents to $2.37 per 1,000 cubic feet.
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....
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