EOG Resources, a key player in the oil and gas industry, is positioning itself for robust growth in 2024 with a strategic...
In a positive development for the ethanol and agricultural industries, the Environmental Protection Agency (EPA) recently gave the nod to requests from...
ALBUQUERQUE, New Mexico (AP) — A New Mexico businesswoman is accused of defrauding the US government and two Native American tribes of...
Story By Andreas Exarheas | RigZone.com |The average U.S. diesel price is down compared to a year ago, according to the AAA...
Vista Energy SAB de CV, a leading Mexican oil firm, has announced a healthy increase in its investment plans for the Vaca...
In a seismic shift that’s set the oil and gas sector abuzz, Chord Energy and Enerplus have decided to join forces, creating...
Story By Matt Busse | Cardinal News | Citing adverse weather and other challenges, the lead developer of the Mountain Valley Pipeline...
Story By Rocky Teodoro |RigZone.com| CenterPoint Energy, Inc. is selling its Louisiana and Mississippi natural gas local distribution company (LDC) businesses to...
In a surprising move aimed at reducing its debt burden, Occidental Petroleum Corp. is reportedly exploring the sale of its midstream assets,...
The U.S. natural gas sector is facing a challenging period as prices plummet, leading to significant shifts in the industry’s operations and...
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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