By Sabrina Valle and Mrinalika Roy. HOUSTON, Oct 23 (Reuters) – Chevron (CVX.N) has agreed to buy Hess (HES.N) for $53 billion in stock to gain a bigger U.S....
FRANKFURT, Germany (AP) — For months after Ukraine’s Western allies limited sales of Russian oil to $60 per barrel, the price cap was still...
Story By Filip De Mott | Business Insider, via Yahoo News |While rising crude oil might be a disturbing sight, US drivers...
While Oklahoma trails only Texas in oil and gas employment, its energy sector has grappled with the most pronounced job losses nationwide,...
By: AP – Fifty years after the 1973 Arab oil embargo, the current crisis in the Middle East has the potential to...
By: Bloomberg – Devon Energy Corp., an Oklahoma City-based oil and gas company, is studying major acquisition targets as it seeks to...
By: Associated Press – The upcoming United States winter looks likely to be a bit low on snow and extreme cold outbreaks,...
By Laura Sanicola and Stephanie Kelly. WASHINGTON (Reuters) – U.S. oil refiners have cranked up output of diesel, heating oil, and jet...
By: Oil & Gas Journal – In its latest Short-Term Energy Outlook, the US Energy Information Administration (EIA) projects that natural gas...
By: Reuters – An Alaska state agency on Wednesday sued the Biden administration over its decision to cancel oil and gas leases...
The energy sector is off to a lower start, reeling amid steep declines in the underlying commodities and in the major equity futures which slipped lower on lingering uncertainty around the Federal Reserve’s policy outlook following yesterday’s mixed economic data. Sector news is thin and there are no major economic drivers on tap for today.
WTI and Brent crude oil futures turned lower in early trading, erasing yesterday’s gains as worries about global economic growth outweighed Saudi Arabia's pledge to deepen output cuts. The mood was dented by data that showed German industrial orders fell unexpectedly in April mixed with reports showing the U.S. services sector barely grew in May as new orders slowed, shifting attention back to the Fed to see if they will hike or hold interest rates in June. Backwardation in Brent crude oil futures retreated with the six-month spread falling to around $1.96/bbl this morning. Traders will be looking to the EIA short-term energy outlook later today, tomorrow’s Chinese May trade data and next round of inventory data for fresh demand indicators.
Natural gas futures turned lower this morning, retreating following two-consecutive days of strong gains after overnight forecasts for the next two weeks turned slightly cooler.
After a long slump, Oklahoma’s natural gas sector is once again showing signs of...
President Donald Trump’s latest legislative push, known as the “One Big Beautiful Bill,” marks...
WASHINGTON (Reuters) – American companies unveiled a series of significant AI and energy investment...
Oklahoma’s largest oil and gas operators are lining up to claim a new $50...
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 Felicity Bradstock for Oilprice.com | The United Nations Development Programme (UNDP) and the...
The U.S. oil and gas industry is riding a line between productivity and paralysis....
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,...
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