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...
By: Reuters – An Australian union alliance on Wednesday agreed to endorse deals on pay and conditions at Chevron’s (CVX.N) two liquefied natural...
By: Reuters – Four years ago, Texas oilman Scott Sheffield saw the oil majors were moving aggressively into the top U.S. shale...
S&P Global – FACT BOX – US President Joe Biden over the weekend warned Iran from escalating the conflict between Israel and...
By: Ines Ferre’ – Yahoo Finance – ExxonMobil (XOM)’s near-$60 billion acquisition of Pioneer Natural Resources (PXD) highlights Big Oil’s continued appetite for shale...
The energy sector is off to a lower start, pressured by weakness in the underlying commodities and in the major equity futures which slipped this morning as investor sentiment lost momentum following six consecutive sessions of gains for the benchmark indices. Earnings season continued to wind down today for energy and there is no major economic data on tap. Results from Occidental Petroleum and Ovintiv are due out later this week.
After posting low conviction gains yesterday, WTI and Brent turned sharply lower this morning, pressured by mixed economic data out of China which offset the impact of Saudi Arabia and Russia extending output cuts. Lingering weak economic growth in Europe that is weighing on manufacturing sentiment and news that Venezuela's state-owned oil company is in talks with local and foreign oilfield firms to boost output after sanctions relief also weighed on prices. On the supply side, markets are waiting to see if Saudi Arabia and Russia are ready to rein in production voluntarily beyond the end of the year in addition to a broader deal among the OPEC+ producer group. With no government inventory expected this week due to a planned systems upgrade, traders will be paying closer attention to this afternoon’s API industry data. The EIA will resume its regular schedule on November 13.
Amid an all-stock buying bonanza spurred on by Exxon Mobil Corp. and Chevron Corp. to snatch up shale and international assets, APA Corp. remains focused on creating value, adding a sixth rig in the Permian Basin.
Bond-market crash leaves big banks with $650 billion of unrealized losses as the ghost of SVB continues to haunt Wall Street.
Chevron’s acquisition of Hess closed in July after months of arbitration and integration planning,...
By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) cut its West...
By Adam Smeltz | UNIVERSITY PARK, Pa. – Oil produced from shale reservoirs drove...
Key Highlights Global oil inventories are expected to grow more than 2 million b/d...
US crude inventories drop by 6 million barrels, exceeding forecasts Uncertainty over Ukraine peace...
The race to lower costs and accelerate production timelines in the Permian Basin has...
The U.S. Geological Survey has released a fresh look at the Phosphoria Total Petroleum...
Mergers and acquisitions in the U.S. oil and gas sector surged in 2024, more...
By Clyde Russell (Reuters) – There are early signs that some Asian countries are...
U.S. independent oil and gas producer Crescent Energy has agreed to acquire Vital Energy...
HOUSTON -Aug 22 (Reuters) – Oil prices steadied on Friday amid uncertainty surrounding a...
By Jarrett Renshaw-(Reuters) -President Donald Trump’s administration is expected to rule on a growing...
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