Story By Stefanie Eschenbacher and Arathy Somasekhar | MEXICO CITY/HOUSTON, (Reuters) – U.S. weekly imports of Mexican crude oil fell to the...
In the heart of the North Sea, amidst the swirling debates surrounding the future of fossil fuel production and climate change, London-based...
In the dynamic landscape of energy production, Texas has been making significant strides, establishing itself as a pivotal powerhouse in the oil...
Last week witnessed a significant uptick in United States crude oil prices, hitting their peak for the year. Despite this, the combination...
Story by Andreas Exarheas| RigZone.com | Prepare for more turmoil, lower inventories, and higher oil prices, Bjarne Schieldrop, the Chief Commodities Analyst at...
“Learn from yesterday, live for today, hope for tomorrow. The important thing is not to stop questioning.” -Albert Einstein From HistoryFacts.com |...
Enterprise Products Partners L.P. is embarking on a significant expansion of its natural gas processing capabilities in the Permian Basin, specifically in...
Story By Sascha Pare | LiveScience.com | Laboratory results for a helium reservoir discovered in northern Minnesota suggest concentrations of the sought-after...
“I think at this point, the market is expecting OPEC to maintain restraint,” Hennessey Funds portfolio manager Ben Cook said by phone....
Charif Souki, recognized as a trailblazer in the United States liquefied natural gas (LNG) industry, has recently faced a significant financial setback....
The United States on Friday carried out a series of military strikes against Iran-backed militants in half a dozen sites in Iraq and Syria, according to a U.S. Defense Department official, marking a sharp escalation of the war in the Middle East that the Biden administration has for four months sought to avoid.
President Biden had promised to respond to a drone attack in Jordan on Sunday that killed three American soldiers and injured at least 40 more service members. The military action sought to send a message to Iran and the militias it backs that continued attacks on U.S. troops in the region and international ships in the Red Sea would draw a response.
The energy sector is off to a mixed to lower start pressured by weakness in the crude complex amid mixed performances in the major equity futures. U.S. stock index futures pared early morning gains after a stronger-than-expected jobs report dampened hopes that the U.S. Federal Reserve could start cutting interest rates early this year. A Labor Department report showed non-farm payrolls rose by 353,000 in January, compared with 180,000. Meanwhile, the unemployment rate stayed steady at 3.7% in January from the month before. Economists had forecast a rise to 3.8%.
WTI and Brent crude oil futures are trading lower for the third consecutive session, despite the OPEC+ group's decision to leave its production policy unchanged, keeping benchmarks on track for weekly losses on China economic growth fears and efforts to establish a ceasefire in the Middle East. OPEC+ will decide in March whether or not to extend voluntary oil production cuts in place for the first quarter following a ministerial panel meeting where no changes were made to the group's output policy. Elsewhere, Mediators are awaiting a response from Hamas to a proposal drafted last week with Israeli and U.S. spy chiefs and passed on by Egypt and Qatar for the war's first extended ceasefire.
Natural gas futures are swinging in and out of negative territory as the NOAA's 6-10 day forecast shows above-normal temps east of the Rockies, especially across the middle and upper-MS Valley, and the Great Lakes region.
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...
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 U.S. oil and gas industry is riding a line between productivity and paralysis....
The newly unveiled U.S.–EU energy framework, announced during the July 27–28 summit in Brussels,...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
Trying to catch up in oil and gas production is difficult enough. It becomes...
(Reuters) – U.S. gasoline demand in May fell to the lowest for that month...
Presidio Petroleum is preparing to enter the public markets through a strategic merger with...
by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
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