Kevin Crowley and David Wethe | (Bloomberg) — Terrel Hardin was at a diner along Route 66 in western Oklahoma when his...
The United States and Saudi Arabia have launched what is being described as a historic deepening of their strategic and economic relationship....
Michigan Attorney General Dana Nessel is pushing back against President Donald Trump’s sweeping executive order declaring a “national energy emergency,” arguing the...
Story by Andreas Exarheas|RigZone.com| Global oil demand in early May indicates tepid year-over-year growth, analysts at J.P. Morgan, including Natasha Kaneva, Head of...
So, you’ve just inherited mineral rights in Oklahoma and you’re thinking about selling. First off, congratulations, that inheritance could be a great...
[Reuters] By Lisa Baertlein and Jarrett Renshaw | U.S. energy groups are asking President Donald Trump’s administration to exempt liquefied natural gas...
By Tsvetana Paraskova for Oilprice.com | The Rockefeller Foundation is launching a Coal to Clean Credit Initiative (CCCI), with which it will...
The global oil market is facing one of its most complex periods in recent memory. OPEC+ is adding more barrels back to...
By Starr Spencer | S&P Global | Chevron, one of the biggest producers in the US’ Permian Basin and with high visibility into...
According to sources cited by Bloomberg, Shell is quietly exploring a potential takeover of rival BP, a merger that could reshape both...
In earnings news, Kinder Morgan reported a 20.3% rise in quarterly adjusted profit on Wednesday as the U.S pipeline operator received a boost from jet fuel demand, with the company also benefiting from re-contracting some natural gas pipelines at a higher rate. The pipeline operator cashed in on the pent-up travel demand, which resulted in a 19% rise in jet fuel volumes transported in the second quarter. It said adjusted earnings for its natural gas pipelines were up 6% at $1.13 billion. The company also increased its dividend by 3%.
Oil prices fell by more than $5 on Thursday after higher U.S. gasoline stockpiles and an ECB rate hike stoked demand worries and returning oil supply from Libya eased supply concerns. Oil futures trading volumes have been thin and prices volatile as traders have to square weaker energy demand with tighter supply resulting from the loss of Russian barrels after the country's invasion of Ukraine. U.S. gasoline inventories rose by 3.5 million barrels last week, government data showed on Wednesday, far exceeding analyst forecasts. "U.S. gasoline demand is struggling to shift into top gear during the peak summer driving season," said PVM analyst Stephen Brennock.
Natural gas prices are off by 20 cents ahead of weekly inventory data. Analysts expect a build of 46 bcf.
by Andreas Exarheas | RigZone.com |In a release sent to Rigzone this week, Enverus announced...
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...
A-list actors are turning their attention to Wall Street, and this time, the plot...
The oil and gas sector is undergoing a major digital overhaul, and data is...
Story By Andreas Exarheas| RigZone.com |Executives from oil and gas firms have revealed where...
The U.S. Interior Department has proposed a major rule change that could reshape onshore...
By Tsvetana Paraskova for Oilprice.com | Equinor and its partners have decided to invest...
Global energy markets are watching a delicate balancing act unfold. Between renewed signals of...
(Reuters) -An $88 million satellite backed by billionaire Jeff Bezos that detected oil and...
🟢 OPEC+ surprised markets by announcing a larger-than-expected August output hike of...
Energy Exploration Technologies Inc. (EnergyX) has struck a major deal to expand its position...
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