Gasoline prices are high for consumers, but why don’t oil companies want to drill for more oil? There’s a good reason. Story...
By: Reuters – ConocoPhillips’ chief executive on Tuesday warned of looming crude oil shortages and price volatility, citing limited spare capacity among...
By: Reuters – Oil output in the Permian in Texas and New Mexico, the biggest U.S. shale oil basin, is due to...
LONDON, July 18 (Reuters) – Russia’s Gazprom has told customers in Europe it cannot guarantee gas supplies because of “extraordinary” circumstances, according...
By OilPrice.com – A few days ago, a rare event in the forex markets took place: for the first time in two decades,...
By: Humeyra Pamuk – Reuters – Major OPEC oil producers have spare capacity and are likely to boost oil supplies following President...
By: Mark Passwaters – Upstream Online – US oil and gas merger and acquisition activity declined in the second quarter, according to...
Big Oil majors in the United States have found themselves the target of much pressure to boost production lately, as prices go...
ELLEN CHANG, The Street.com. As a lengthy heatwave sears Texas, the state’s power grid operator is struggling to meet demand, forcing it...
By: Kristin E. Gibbs – Reuters – Increasing exports of U.S. natural gas due to geopolitical concerns has put a spotlight on...
U.S. crude stockpiles unexpectedly fell last week, the API reported Tuesday, adding to expectations that demand is on the rise ahead of the summer driving season.
U.S. crude inventories fell by about 3.2 million barrels for the week ended Apr. 19, compared with an increase of 4.09M barrels reported by the API for the previous week. Economists were expecting an increase of 1.8M barrels.
The API data also showed that gasoline stockpiles fell by 595,000 barrels, while distillate inventories rose by 724,000 barrels.
U.S. President Joe Biden has been actively involved in managing gasoline prices, a concern...
In March, the upstream sector of the Texas oil and natural gas industry achieved...
By Tsvetana Paraskova |OilPrice.com| Halliburton Company (NYSE: HAL) booked slightly higher-than-expected adjusted earnings for the...
As the landscape of U.S. oil exports evolves, ambitious projects like the Sea Port...
Story By Jennifer A. Dlouhy | Bloomberg | via RigZone.com | The Biden administration...
By Laura Sanicola |Reuters| U.S. oil output from top shale-producing basins will rise in May...
by Bloomberg|P.Sykes, A.Shahla, E.Bronner|via RigZone.com| Iranian state media confirmed an attack by Israel in...
On Wednesday the Alaska House of Representatives made a significant decision to support the...
Blanchard Royalties refer to the practice of the pooling or communitization of royalty interests...
Story by Andreas Exarheas| RigZone.com | Prepare for more turmoil, lower inventories, and higher oil...
The Red Sea is a sea inlet of the Indian Ocean, lying between Africa and Asia. Its connection to the ocean is in...
Story by Andreas Exarheas| RigZone.com | The U.S. Energy Information Administration (EIA) raised its West...
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