By: Wayne Parry – AP – Opponents of a natural gas-fired power plant planned for an already polluted low-income area in New...
Story By Matthew Monks|Bloomberg| The biggest energy deal of the year has thrown up a much-needed win for the US’s major investment...
Story By Chris Mathews |Hart Energy| With its roughly $60 billion blockbuster deal to acquire Pioneer Natural Resources, Exxon Mobil aims to...
By: KEYT – Governor Newsom signed Assembly Bill 1167, the Orphaned Well Prevention Act, into law on Saturday expanding the financial responsibilities...
By: Reuters – There’s little doubt that direct air capture (DAC) is divisive: on the one hand, it is a relatively simple...
Story By Jeremiah Budin | TCD |The air pollution generated by gas-powered lawn maintenance equipment is truly astonishing. According to the Environmental Protection...
By: Reuters – Prior to the outbreak of fighting between Hamas and Israel, investors had become less bullish about the outlook for crude oil...
By: CNBC – OPEC on Monday raised its medium- and long-term forecasts for global oil demand. The oil producer group said the...
By: Reuters – Israel has suspended production at the Tamar gas field off its southern coast and will seek alternative fuel sources...
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Energy stocks opened deep in the red, alongside sliding equity futures and oil and natural gas prices. Investors are continuing to take down risk exposure amid rising rates and the ultra-hawkish tone set by Federal Reserve Chairman Jerome Powell on Wednesday. Trading volumes will be elevated today due to the quarterly expiration of futures and options, as well as index rebalancing.
Oil fell almost 3% on Friday as the market assessed the aftermath of interest rates hikes by central banks, but was still poised for a weekly gain amid supply disruption concerns and hopes for a recovery of demand in China. The U.S. Federal Reserve indicated it will raise interest rates further next year, even as the economy slips toward a possible recession. On Thursday, the Bank of England and the European Central Bank raised interest rates to fight inflation. "There are so many driving forces in the oil market at the moment and a more somber economic outlook on the back of the hawkish central bank message this week appears to be the dominant one going into the weekend," said Craig Erlam, analyst, at OANDA.
Natural gas futures are down 7%, tracking weaker oil and equity futures in today’s risk-off session.
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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 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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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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