Geothermal power, once sidelined in the energy sector, is now experiencing an unexpected resurgence. For years, energy experts considered geothermal energy a...
The U.S. is currently experiencing one of its biggest economic shocks, largely due to high oil prices and the associated costs of...
BP, the oil giant, has temporarily halted its tanker movements through the Red Sea due to increased attacks in the region, attributed...
Tokyo Gas Co., through its subsidiary Tokyo Gas America Ltd., is set to make a major move in the U.S. shale gas...
The United States has made a big splash in the oil world by setting a new annual record for oil production, and...
Shell PLC and Venezuela’s state oil company, PDVSA, are currently at a standstill over how much to charge for future shipments of...
On a decisive Wednesday at the Commissioners’ Conference, the Railroad Commission of Texas (RRC) executed its regulatory duties with vigor, issuing fines...
British oil company BP (BP.L) has significantly reduced former CEO Bernard Looney’s compensation by over $40 million. This decision came after BP...
The largest class of ESG (Environmental, Social, and Governance) funds, controlling about $5 trillion in assets, has increased its investment in the...
By Kate Abnett, Gloria Dickie and David Stanway | DUBAI, (Reuters) – A draft of a potential climate deal at the COP28 summit on Monday suggested...
Energy stocks are surging alongside broader equities and other risk assets, as October CPI rose less than expected, at +0.4% vs estimates of +0.6%, and core rose 0.3% vs estimates of +0.5%, giving the market a signal that inflation may have peaked. The read-through for markets is the Fed’s rate tightening program is working, and consumer prices may begin to decline. The 10-year Treasury yield fell over 5%, and dropped below the key 4%-mark, currently around 3.93% (as of 9:00 AM ET).
Oil prices were initially lower overnight on China demand concerns and a stronger dollar, though those losses quickly evaporated after the 8:30 AM ET inflation report. Oil prices are now higher by nearly 1% as traders reallocate capital into a variety of risk assets.
Natural gas futures are also higher, trading up 3% around $6.03. Weekly inventory data due out later this morning expects a build of 84 bcf versus the 5-year average of +20 bcf.
Bill Armstrong isn’t following the industry playbook. As U.S. shale producers consolidate and shrink...
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...
Haynesville Gas Takeaway Grows With Leg Pipeline Launch (P&GJ) — Williams Companies has placed its...
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...
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