Story By J. Robinson | S&P Global | US natural gas producers’ commitment to slow drilling activity in response to low gas...
Oklahoma Attorney General Gentner Drummond recently announced the termination of the legal team hired by State Treasurer Todd Russ to defend a...
by Bloomberg| Bloomberg News, via RigZone.com | Russian April exports of crude and petroleum products dropped to levels last seen in late...
ExxonMobil (NYSE:XOM) recently completed its $60 billion acquisition of Pioneer Natural Resources. This strategic move significantly enhances ExxonMobil’s footprint in the oil-rich...
Story by Jerry Bohnen |OK Energy Today|Ten years after SandRidge Energy had nearly 1,900 employees, the Oklahoma City energy company is down...
Oil and gas companies have added to the so-called fracklog for the second consecutive month, signaling a potential slowdown in U.S. shale...
Chinese companies have secured a significant number of contracts to explore oil and gas fields in Iraq, as revealed by Iraq’s Oil...
In a significant development that has captured the attention of international observers, Russia has reportedly discovered vast oil and gas reserves within...
Michigan Attorney General Dana Nessel recently announced her plans to initiate a lawsuit against the fossil fuel industry, highlighting the role these...
Big Hill is a federally-controlled underground petroleum storage site, one of four in the Strategic Petroleum Reserve program of the US Government....
The energy sector is off to a mixed-to-lower start, pressured by weakness in the underlying commodities. Meanwhile, the major equity indices are edging higher as the market awaits the Fed’s policy decision later today.
The rally in crude futures has taken a pause as WTI and Brent crude oil contracts are extending yesterday’s losses ahead of the Federal Reserve’s policy decision and inventory data due later today. Traders will be closely watching the release of today’s EIA inventory report as last night’s API figures showed a 5.25-million-barrel draw, compared to analyst estimates of a 2.2 million barrel decline. Goldman Sachs anticipates growing oil demand and extended supply cuts may push the market into a deficit and pave a way for Brent crude futures to reach $105 per barrel. The investment bank also expects the Bank of England to keep interest rates unchanged on Thursday after data showed a surprise drop in inflation in August.
Natural gas futures have erased earlier gains and are lower on below-normal temperatures and as traders expect a mild winter may push contracts below $2.00/MMBtu.
Story By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) revealed its...
By a 6–0 vote, the Texas Supreme Court has handed a major victory to...
The U.S. Interior Department has proposed a major rule change that could reshape onshore...
Story By Andreas Exarheas| RigZone.com |Executives from oil and gas firms have revealed where...
Global energy markets are watching a delicate balancing act unfold. Between renewed signals of...
🟢 OPEC+ surprised markets by announcing a larger-than-expected August output hike of...
By Tsvetana Paraskova for Oilprice.com | Equinor and its partners have decided to invest...
(Reuters) -An $88 million satellite backed by billionaire Jeff Bezos that detected oil and...
Energy Exploration Technologies Inc. (EnergyX) has struck a major deal to expand its position...
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