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...
STORY BY Matthew Loh| Business Insider, via Yahoo News| The US is likely to directly intervene with air and naval strikes if...
By: Reuters – The White House may have blamed Exxon Mobil (XOM.N) for high energy prices taking their toll on consumers, but would struggle...
By: S&P Global – Global oil markets are poised for a potential price rally when trading reopens on Oct. 9 amid fears...
By: Robert Perkins & Eliza Turner – S&P Global – Russia has largely lifted its ban on diesel exports just two weeks after...
By: Reuters – Global crude oil prices could drop to about $60 per barrel by 2027 as demand growth slows, say oil...
Denver’s energy powerhouse, Civitas Resources Inc., is expanding its upstream footprint in the Permian Basin. The company has inked a $2.1 billion...
By: CNBC – It’s been a war of words and numbers between two major players in the energy industry – the International...
The energy sector is off to a mix to a higher start, supported by strength in the major equity futures despite losses in the oil markets. U.S. stocks are poised to rebound ahead of an expected interest rate hike by the Federal Reserve.
WTI and Brent crude oil futures are trading down on concerns about fuel demand and the possibility of a recession ahead of an expected interest rate hike by the U.S. Federal Reserve. Global macro continues to drive the oil markets as new inflation reports mixed with fast-changing views in the financial markets have increased the possibility the Fed will be more hawkish than investors had anticipated. This has opened the door to a 75-basis-point interest rate hike, in an attempt to curb inflation. China’s latest COVID-19 outbreak has lent some support to oil futures as investors are worried about a new phase of lockdowns. The EIA said in its monthly report that world oil demand will rise more than 2% to a record high in 2023, although soaring oil prices and weakening economic forecasts dimmed the future outlook.
Natural gas futures have gained followed yesterday’s sharp losses buoyed by intense heat, forecasts for more demand and higher global gas prices.
Presidio Petroleum is preparing to enter the public markets through a strategic merger with...
By Adam Smeltz | UNIVERSITY PARK, Pa. – Oil produced from shale reservoirs drove...
Trying to catch up in oil and gas production is difficult enough. It becomes...
Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off...
Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs...
Fossil fuel financing by Wall Street’s leading banks has declined sharply in 2025, highlighting...
Key Highlights Global oil inventories are expected to grow more than 2 million b/d...
The race to lower costs and accelerate production timelines in the Permian Basin has...
Mexico’s energy story has turned again. After years of political resistance to hydraulic fracturing,...
by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) cut its West...
˃ Financing from the six largest Wall Street banks for oil, gas, and coal...
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