At a recent public hearing with the Texas Senate Committee on Business and Commerce, officials from the Public Utility Commission (PUC) and...
In the face of an impending summer predicted to be the hottest ever recorded, the Texas oil and gas sector is churning...
Story By Haley Zaremba for Oilprice.com | This past Monday, Michigan Governor Gretchen Whitmer announced that she intends to reopen a nuclear...
In a striking turn of events, Europe’s gas imports from Russia surpassed those from the United States for the first time in...
In the western part of the Permian Basin, also known as the Delaware Basin, the Lower Permian age Bone Spring (also called...
Oklahoma, historically recognized as a top-five producer of oil and natural gas, is now rapidly gaining prominence in the renewable energy sector....
Crude oil inventories in the United States fell this week by 2.428 million barrels for the week ending June 7, according to...
Echo Minerals, an affiliate of Echo, has announced a significant milestone with the completion of an asset sale totaling over half a...
Story By Myra P. Saefong |MarketWatch| Gasoline prices at the pump marked what GasBuddy referred to on Monday as an “ultra-rare” double-digit...
On May 2, 2024, an inspiring event unfolded as the first-place team in the Technical Track of the 2023 Geothermal Collegiate Competition...
The energy sector is off to a lower start, pressured by weakness in the underlying commodities and the major equity indices extending yesterday’s losses as optimism for aggressive rate cuts this year continues to fade away.
WTI and Brent crude oil futures dropped this morning as traders digested dim economic data from China, which raised concerns about future demand and a higher dollar. China’s economy grew less than expected in the fourth quarter amid their ongoing property crisis, deflationary pressures, and weak demand. The world’s second-largest crude importer’s GPD grew 5.2% in October-December from a year earlier, higher than 4.9% in the third quarter but slightly off a 5.3% forecast in a Reuters poll. The U.S. dollar index rose near a one-month high on comments from Federal Reserve officials which lowered expectations for aggressive interest rate cuts. OPEC’s Monthly Oil Market Report showed the global oil demand growth forecast for 2024 remains unchanged at 2.2 mb/d, with the OECD growing by around 0.3 mb/d and the non-OECD by about 2.0 mb/d. However, the report shows that global oil demand in 2025 is expected to grow robustly by 1.8 mb/d, y-o-y. The OECD is expected to grow by 0.1 mb/d, y-o-y, while demand in the non-OECD is forecast to increase by 1.7 mb/d.
Natural gas futures are extending yesterday’s sharp losses on forecasts for temperatures to turn warmer after the recent winter storms.
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...
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