In Colorado, an unprecedented legislative initiative aimed at combating climate change by progressively eliminating oil and gas extraction encountered an insurmountable obstacle...
Chesapeake Energy Corp. is strategizing to navigate the fluctuating natural gas market by planning to place 80 of its new natural gas...
Story By Curtis Williams | Reuters | Oil and gas production in Texas, Louisiana, and New Mexico decreased in the first quarter...
From Bloomberg, via RigZone.com | Story By Josyana Joshua | US pump prices are likely to climb to the highest since the summer...
Russian oil companies are experiencing significant delays in receiving payments for their crude oil and fuel exports, with some waits extending to...
In January, the US Energy Information Administration (EIA) reported a monumental achievement in the American oil industry: domestic crude oil production reached...
By Bloomberg, via RigZone.com |Mohammed Hatem, Christine Burke | The Yemen-based Houthi militants renewed their threats against Saudi Arabia, warning it not...
Story By Mella McEwen |Midland Reporter Telegram| Despite a nearly 25% decline in the rig count last year, US crude oil production...
At a recent summit in Brussels, key figures from pro-nuclear European nations and energy specialists advocated for a resurgence of nuclear energy....
Story By Leslie Sattler | TCD, via Yahoo News | In Colorado, abandoned oil wells have sparked lawsuits from fed-up landowners. What’s...
French energy company TotalEnergies is embarking on a project to develop a $9 billion oil and gas venture in Suriname's offshore region....#hydrocarbons #offshoreoil #OilandGas #southamerica #Suriname #TotalEnergieshttps://t.co/RDm3jyvl8p
— QUATRO International Inc. (@QuatroInc) September 21, 2023
Energy stocks opened higher, led by a small rebound in oil prices, and despite fairly sizeable losses in the broader equity benchmark futures prices. Equities are set to continue yesterday’s sell-off, as a more hawkish than expected tone struck by Fed Chair Jerome Powell signaled that rates will remain higher for longer. News flow is beginning to slow as quarter-end nears and quiet periods ahead of earnings approach.
Oil prices fell on Thursday, after posting the largest decline in a month in the previous session, as the U.S. Federal Reserve held rates but signaled potential future hikes, offsetting the impact of drawdowns in U.S. crude stockpiles. Energy markets reacted little to data from the EIA on Wednesday showing crude inventories fell in line with expectations last week, with some analysts saying the 2.14 million barrel decline versus an expected 5.25 million barrel draw was smaller than they expected.
Natural gas futures are lower by 1% on cooler-than-expected season temperatures, while weekly inventory data is expected to show a build of 67 bcf.
🛢Low growth, high #inflation: Europe will suffer the most from oil shortages
The OECD in its new forecast increased US GDP growth, and for the Eurozone, on the contrary, reduced it to 0.6% this year and 1.1% next year, #Bloomberg notes. The situation on the fuel market will… pic.twitter.com/vrj465ykVL
— Christian Reuel (@ChristianReuel_) September 21, 2023
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...
By Tsvetana Paraskova for Oilprice.com | Equinor and its partners have decided to invest...
🟢 OPEC+ surprised markets by announcing a larger-than-expected August output hike of...
(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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