Story By Jov Onsat |RigZone| Occidental Petroleum Corp. outpaced the stock market in the week’s opening session after billionaire Warren Buffet’s Berkshire...
By: Reuters – Oil prices ticked higher on Tuesday as markets weighed supply cuts for August by top exporters Saudi Arabia and...
By: Reuters – Oil and gas companies have intensified the hunt for new deposits in a long-term bet on demand, as they...
Story By Mirna Alsharif and Christine Rapp |NBC News| As the extended 4th of July holiday weekend looms on the horizon, heat...
By: Carlsbad Current-Argus – Federal officials rejected a petition from New Mexico environmental groups to phase out oil and gas drilling on...
By: Yahoo – State regulators have imposed a $40.3 million fine on a Texas oil company for what they called egregious violations...
HOUSTON (Reuters) – Chevron is offering to sell several oil and gas properties in New Mexico and Texas, according to marketing documents...
Story By Lee Ying Shan |CNBC| To meet energy demand, oil and gas will continue to be leading sources of energy for...
By: Reuters – TRP Energy is exploring a possible sale of its oil and gas operations in the Permian basin that could...
Story By Andreas Exarheas |RigZone| Wood Mackenzie has announced that TotalEnergies was named the upstream industry’s most admired explorer, and received the...
The U.S. plans to temporarily allow gasoline with high ethanol content to be sold this summer in a bid to tame high fuel prices, administration officials say https://t.co/5b3JU3MK5g
— The Wall Street Journal (@WSJ) April 12, 2022
The energy sector is pointing to a higher start and set to recover most of yesterday’s losses as benchmark crude futures bounced off six-week lows while major equity futures surged higher and treasury yields backed off following key inflation data. The March consumer prices report showed inflation excluding food and energy costs were slightly less than expected, taking some pressure off markets concerned about aggressive interest rate hikes.
WTI and Brent crude oil futures rebounded this morning, gaining amid reports that Shanghai relaxed some of its COVID-19 restrictions which eased concerns about Chinese demand and as OPEC warned it would be impossible to replace potential supply losses from Russia. Shanghai yesterday said that more than 7,000 residential units had been classified as lower-risk areas after reporting no new infections for 14 days and districts have since been announcing which compounds can be opened up.
A key hearing is set for this Friday in Big Spring, Texas, in a...
Behind the rolling plains and rocky outcrops of southwestern Oklahoma, a quiet transformation is...
Story By Alex DeMarban |ADN.com| The oil explorer whose last major discovery in Alaska opened...
Mexico’s private oil producer Hokchi Energy is locked in a high-stakes standoff with Pemex...
By David O. Williams |RealVail.com| President Donald Trump is poised to issue an executive order...
In the last 24 hours, tensions in the Middle East have entered a new...
The World Bank has made a landmark decision by lifting its long-standing ban on...
By Tsvetana Paraskova for Oilprice.com | U.S. oil producers flocked to hedge higher prices...
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...
Tucked into a sweeping fiscal package backed by President Donald Trump, Senate Republicans are...
A-list actors are turning their attention to Wall Street, and this time, the plot...
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