Story by Andreas Exarheas|Rigzone Staff| World oil demand continues to exceed expectations, the International Energy Agency (IEA) stated in its latest oil...
The European Union’s recent agreement to significantly curb methane emissions in the energy sector marks a pivotal step in its ongoing battle...
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JERUSALEM (AP) — Yemen’s Houthi rebels seized an Israeli-linked cargo ship in a crucial Red Sea shipping route on Sunday, officials said, taking over...
By: Reuters – A U.S. jury has convicted two Texas men of trying to sell Iranian petroleum in violation of sanctions imposed...
By: S&P Global – Rising natural gas-to-oil ratios will continue to support gas production in the US’ Bakken Shale, Oneok executives said....
Story By Arathy Somasekhar HOUSTON, (Reuters) – U.S. oil pipeline and export terminal operators are stepping up quality checks on WTI Midland...
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By: The Texas Tribune – Attorneys for the city of Midland, the oil capital of Texas, made an unusual request to regulators...
The energy sector is off to a higher start, supported by strength in major market indices with slight gains in the crude complex. U.S. stocks are higher as Chinese-based companies are leading the gains on optimism around easing regulatory crackdowns and on expectations for more demand as the country relaxes COVID-19 restrictions.
WTI and Brent crude oil are both up <$1 having fallen back from intraday highs. Prices initially jumped as Saudi Arabia raised crude prices for July and amid doubts that an increase of production from OPEC+ will help alleviate tight supply issues. Saudi Arabia raised July crude oil prices for Asian buyers to higher-than-expected levels amid concerns over tight supply and increased demand this summer. The selling price of $6.5 a barrel over Oman/Dubai quotes was much greater than the market forecasts for an increase of about $1.5 a barrel. Additionally, expectations that the OPEC+ output increase will not do much to help with the tight supply also helped support the price jump.
Natural gas futures spiked this morning on forecasts for higher demand than previously expected and an increase in LNG exports.
A key hearing is set for this Friday in Big Spring, Texas, in a...
by Andreas Exarheas | RigZone.com |In a release sent to Rigzone this week, Enverus announced...
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By Tsvetana Paraskova for Oilprice.com | U.S. oil producers flocked to hedge higher prices...
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(Reuters) -An $88 million satellite backed by billionaire Jeff Bezos that detected oil and...
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