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Story By Jov Onsat |RigZone| Libya’s oil revenue excluding royalties and fuel sales slid to around $7 billion (LYD 33.4 billion) for...
Story By Adrian Hedden, |Carlsbad Current-Argus, via Yahoo News| A $300 million sale of oil and gas assets on the western edge...
Story By Andreas Exarheas |RigZone| Saudi Arabia is sensitive to the “weak level” of demand in the world leading to production cuts,...
On July 7, the US Department of Energy (DOE) revealed its intention to repurchase approximately 6 million barrels of sour crude oil....
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By: The Midland Reporter-Telegram – Ring Energy Inc. announced a $25 million net reduction of borrowings during the second quarter on its...
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Shell, the leading global trader of liquefied natural gas (LNG), announced on Friday that its Q2 gas trading results are projected to...
[NEW YORK] Oil prices increased on Thursday as traders assessed a tightening of crude supplies and new US tariffs and their expected effect on the world’s economy.
Brent crude futures gained 24 cents, or 0.3 per cent, to settle at US$74.03 a barrel. US West Texas Intermediate crude futures rose 27 cents to US$69.92. On Wednesday, oil prices rose about 1 per cent to their highest since February.
Market participants were weighing escalating trade war risks. US President Donald Trump unveiled his plan on Wednesday to implement 25 per cent tariffs on imported cars and light trucks, effective next week, while those on auto parts begin on May 3.
“The biggest headwind for oil right now is the concern about tariffs, which might slow demand,” said Phil Flynn, senior analyst with Price Futures Group.
On Tuesday, Trump imposed new 25 percent tariffs on potential buyers of Venezuelan crude oil.
On June 3, Viper Energy (NASDAQ: VNOM), a subsidiary of Diamondback Energy, announced it...
Behind the rolling plains and rocky outcrops of southwestern Oklahoma, a quiet transformation is...
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A quiet energy revolution is unfolding in Appalachia, where natural gas from the Marcellus...
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By David O. Williams |RealVail.com| President Donald Trump is poised to issue an executive order...
The World Bank has made a landmark decision by lifting its long-standing ban on...
By Irina Slav for Oilprice.com| The 411,000 barrels daily that OPEC+ said it would...
Tensions between Israel and Iran have sparked a surge in oil prices this June,...
By Tsvetana Paraskova for Oilprice.com | A total of 93 oil and gas firms...
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