The United States is currently undertaking the task of buying oil to replenish its Strategic Petroleum Reserve (SPR) after a significant drawdown...
In a move reflecting environmental concerns and regulatory adjustments, the Bureau of Land Management (BLM) significantly reduced the scope of a proposed...
Story By Aaron Clark | Bloomberg, via RigZone.com | Global methane emissions from fossil fuels held near a record high last year,...
A planned oil and gas development endeavor involving 166 wells on the outskirts of Denver is under scrutiny for potentially undermining a...
In response to conflicts with legislators over fossil fuel drilling fees, the New Mexico State Land Office has halted oil and gas...
China claims much of the South China Sea, part of the Pacific Ocean that is bounded by China, Taiwan, Indonesia, the Philippines, Malaysia,...
The recent court ruling against Kern County’s oil and gas permitting process has been a significant victory for environmentalists and local communities....
In 1951 Aramco found the first offshore oil field in the Middle East. In the 1970s and ’80s, control gradually passed to the...
In 2024, the Permian Basin is poised to witness the ongoing impact of private operators amidst a landscape that’s increasingly being shaped...
Efforts by US banks to resist stricter capital regulations have found unexpected support from the renewable energy sector, which cautions that the...
The energy sector is set for a mixed-to-lower start as losses in the crude complex outweigh modest gains in the major market futures. U.S. stocks are trading higher in the pre-market, following yesterday’s sell-off as investors brace themselves for the outcome of the Fed’s meeting later today. Earnings are heavy across the sector with producers, services and refiners reporting 1Q results.
WTI and Brent crude oil futures are extending yesterday’s sharp losses and are now trading at levels last seen in March. Oil futures are lower as growth concerns increased ahead of the Federal Reserve’s policy decision and amid a wave of short-selling and profit-taking by money managers. Investors have now pivoted from a short-covering rally that saw managers increase their positions by 245 million barrels over the previous four weeks. Hedge funds and money managers sold the equivalent of 87 million barrels in the six most important petroleum futures and options contracts over the seven days ending on April 25. Additionally, Morgan Stanley cut its Q3-23 Brent price outlook to $77.50 from $90, citing resilient Russian supply and the belief that much of the demand boost from China's reopening has taken place.
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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