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By: AP – Saudi state-run oil giant Aramco on Monday reported $30 billion in second-quarter profit, a nearly 40% decline from the...
Offshore Wind Costs. A Story By David Turver |The Telegraph| We are all familiar with the apocryphal tale that if you tell...
Story By Bob Campbell |Odessa American| Occidental Petroleum Corp. President-CEO Vicki Hollub says the Permian Basin is the core of the highest...
By: Reuters – U.S. crude oil production was essentially flat in May compared with April – a sign lower prices and a...
Story By Avi Salzman |Barron’s| Oil prices notched their sixth straight weekly gain, the longest winning streak in more than a year....
Story By Thomas Catenacci|Fox News|The Biden administration proposed a plan to lock up nearly 1.6 million acres of public lands from oil...
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DUBAI, United Arab Emirates (AP) — The U.S. military is considering putting armed personnel on commercial ships traveling through the Strait of...
A story this week from Hart Energy highlighted the recent activity of South Texas operator Magnolia Oil & Gas, which closed a...
President Biden landed in Israel as the world waited for evidence of whether a Hamas-linked group or Israel caused a devastating explosion yesterday at a hospital in Gaza City.
The explosion, evidently from a missile, killed hundreds of people and injured hundreds more. (This video, verified by Times journalists, shows the moment the blast destroyed the hospital.)
After Biden landed, he seemed to endorse Israel’s denial of responsibility. “Based on what I’ve seen, it appears as though it was done by the other team, not you,” he said. “But there’s a lot of people out there not sure.”
The U.S. crude inventory balance fell by 4.383M barrels during the week ended Oct. 13, according to the API. That contrasted with a 12.94M jump in the prior week to Oct. 6 led largely by a sharp decline in exports.
Aside from that balance, the API also noted a 1.005M barrel decline at the Cushing, Oklahoma delivery point for U.S. crude, versus the previous week’s draw of 0.547M. Cushing storage levels have dropped drastically this year, prompting concerns they might reach such critical lows to complicate operations at the storage hub.
On the fuel side, the petroleum trade group reported a gasoline inventory slide of 1.578M barrels and distillate stock drop of 0.612M barrels. In the prior week, gasoline saw a 3.645-M barrel build while distillates experienced a 3.535M drop.
It sounds like something out of a Netflix crime drama, but this one’s all...
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According to sources cited by Bloomberg, Shell is quietly exploring a potential takeover of...
Gavin Maguire| LITTLETON, Colorado-(Reuters) | U.S. exports of LNG so far this year have...
A Houston-based fuel company says Tesla still hasn’t paid for millions of dollars’ worth...
Source: EIA | Higher oil prices, increased drilling efficiency, and structurally lower debt needs...
After months of tough negotiations and political tension, the United States and Ukraine have...
by Bloomberg|David Wethe, Alix Steel | Energy Secretary Chris Wright sought to reassure US...
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The global oil market is facing one of its most complex periods in recent...
By Starr Spencer | S&P Global | Chevron, one of the biggest producers in the...
Russia and Iran have cemented a preliminary energy pact that could dramatically reshape regional...
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