In 2023, Russian energy giant Gazprom announced a significant increase in its natural gas supplies to China via the Power of Siberia...
Chevron Corporation (CVX.N), a major U.S. oil company, announced on Tuesday that it is facing significant non-cash writedowns, primarily impacting its oil...
Mach Natural Resources LP, a prominent player in the oil and gas industry, recently finalized the acquisition of various oil and gas...
New Mexico’s Environment Department has taken a significant step towards sustainable water management by proposing a new set of regulations focusing on...
By: S&P Global – The gas and LNG sectors are calmer after an annus horribilis that threatened to derail the very functioning...
Jon Clark, a former economist to the Legislature and current state cabinet secretary, was appointed on Wednesday to manage New Mexico’s substantial...
In a notable move, Houston-based Battalion Oil announced on December 15 its plan to merge with Fury Resources in a $450 million...
Tulsa-based Vital Energy Inc. is significantly expanding its presence in the Permian Basin, a key oil-rich region in West Texas, through a...
China’s stance on its involvement in Russia’s Arctic LNG-2 liquefied natural gas project is remaining firm: it should not be influenced or...
Story By Jov Onsat|RigZone.com| The European Commission and the three remaining European Union Baltic countries connected to the Russian power grid have...
President Biden landed in Israel as the world waited for evidence of whether a Hamas-linked group or Israel caused a devastating explosion yesterday at a hospital in Gaza City.
The explosion, evidently from a missile, killed hundreds of people and injured hundreds more. (This video, verified by Times journalists, shows the moment the blast destroyed the hospital.)
After Biden landed, he seemed to endorse Israel’s denial of responsibility. “Based on what I’ve seen, it appears as though it was done by the other team, not you,” he said. “But there’s a lot of people out there not sure.”
The U.S. crude inventory balance fell by 4.383M barrels during the week ended Oct. 13, according to the API. That contrasted with a 12.94M jump in the prior week to Oct. 6 led largely by a sharp decline in exports.
Aside from that balance, the API also noted a 1.005M barrel decline at the Cushing, Oklahoma delivery point for U.S. crude, versus the previous week’s draw of 0.547M. Cushing storage levels have dropped drastically this year, prompting concerns they might reach such critical lows to complicate operations at the storage hub.
On the fuel side, the petroleum trade group reported a gasoline inventory slide of 1.578M barrels and distillate stock drop of 0.612M barrels. In the prior week, gasoline saw a 3.645-M barrel build while distillates experienced a 3.535M drop.
It sounds like something out of a Netflix crime drama, but this one’s all...
In a move that is raising eyebrows across the global oil industry, ConocoPhillips has...
According to sources cited by Bloomberg, Shell is quietly exploring a potential takeover of...
A Houston-based fuel company says Tesla still hasn’t paid for millions of dollars’ worth...
Gavin Maguire| LITTLETON, Colorado-(Reuters) | U.S. exports of LNG so far this year have...
Source: EIA | Higher oil prices, increased drilling efficiency, and structurally lower debt needs...
by Bloomberg|David Wethe, Alix Steel | Energy Secretary Chris Wright sought to reassure US...
After months of tough negotiations and political tension, the United States and Ukraine have...
By Georgina McCartney | (Reuters) -The U.S. upstream oil and gas M&A market is...
Russia and Iran have cemented a preliminary energy pact that could dramatically reshape regional...
By Starr Spencer | S&P Global | Chevron, one of the biggest producers in the...
The global oil market is facing one of its most complex periods in recent...
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