By: Reuters – China’s record crude oil processing and robust imports in August have painted a bullish picture of demand in the world’s largest...
By: Reuters – Chevron (CVX.N) said on Monday that full production had resumed at its strike-hit Wheatstone liquefied natural gas (LNG) facility in...
By: Dayton Daily News – The Ohio Attorney General’s Office is investigating the origins of public comments sent to state regulators urging...
CrownRock LP, a private equity-backed oil and gas producer, is reportedly considering a sale that could value the company at over $10...
By: Reuters – A fault at Chevron’s (CVX.N) Wheatstone facility in Australia temporarily shut about a quarter of its liquefied natural gas...
DOE estimates reaching the Biden Administration’s goal of net-zero emissions by 2050 will require between 400 million and 1.8 billion metric tons of carbon...
By Stephanie Kelly|NEW YORK (Reuters) -Oil prices edged lower on Wednesday, after earlier hitting a 10-month high, as a surprise build in...
Helge Lund, Chairman of BP, assured employees that the company’s energy transition strategy would remain unchanged despite the sudden departure of CEO...
(Bloomberg) — BP Plc Chief Executive Officer Bernard Looney has resigned effective immediately over the failure to fully disclose past relationships with...
By: Bob Campbell – Odessa American – With its world-class display of new oil and natural gas technology the 2023 Permian Basin...
Data from the Energy Information Administration Wednesday revealed a sizeable weekly increase in U.S. crude-oil supplies, a modest fall in gasoline stockpiles and a drop in consumer demand for motor fuel.
"If tariff worries and trade-war angst are fueling that drop in demand... then that marks the start of what could be a crippling trend of declining demand that would, barring supply-side surprises, spark a selloff in oil," Tyler Richey, co-editor at Sevens Report Research, told MarketWatch. That could see U.S. benchmark prices begin to sell off toward the downside target of between $57 and $58 a barrel, he said. May West Texas Intermediate crude was up 21 cents, or 0.3%, at $71.41 a barrel, after losing 0.4% Tuesday.
The EIA reported that U.S. gasoline demand fell last week, with total finished motor gasoline supplied, a proxy for demand, at 8.495 million barrels per day versus 8.643 million bpd a week earlier.
The EIA said that commercial crude inventories climbed by 6.2 million barrels for the week that ended March 28. It also reported a weekly supply decline of 1.6 million barrels for gasoline, while distillate inventories increased by 300,000 barrels.
All three major U.S. stock indexes closed higher on Wednesday after shaking off a lower open, with investors and traders tuning into President Donald Trump's announcement of reciprocal tariffs.
The Dow Jones Industrial Average rose 235.36, or almost 0.6%, to 42,225.32, based on preliminary data.
The S&P 500 rose 37.90 points, or 0.7%, to 5,670.97.
The Nasdaq Composite climbed 151.16 points, or 0.9%, to 17,601.05.
Bill Armstrong isn’t following the industry playbook. As U.S. shale producers consolidate and shrink...
Haynesville Gas Takeaway Grows With Leg Pipeline Launch (P&GJ) — Williams Companies has placed its...
The U.S. oil and gas industry is riding a line between productivity and paralysis....
The newly unveiled U.S.–EU energy framework, announced during the July 27–28 summit in Brussels,...
by Andreas Exarheas| RIGZONE.COM | Chevron will “consolidate or eliminate some positions” as part of...
Presidio Petroleum is preparing to enter the public markets through a strategic merger with...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
Trying to catch up in oil and gas production is difficult enough. It becomes...
Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs...
by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
(Reuters) – U.S. gasoline demand in May fell to the lowest for that month...
Fossil fuel financing by Wall Street’s leading banks has declined sharply in 2025, highlighting...
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