Shell, the leading global trader of liquefied natural gas (LNG), announced on Friday that its Q2 gas trading results are projected to...
Story By Chris Matthews |Hart Energy| Fears of underinvesting in oil and gas are way off the mark, according to a new...
By: AP – The head of global energy giant Shell says it would be “irresponsible” to cut oil and gas production at...
Story By Filip De Mott |Business Insider| The oil market is vulnerable to a shock as high-interest rates cause global inventories to...
By: Reuters – U.S. oil and gas production continued to trend higher through April – a delayed response to very high prices...
Story By Nia Williams – (Reuters) – The Trans Mountain pipeline expansion (TMX) was meant to unlock Asian markets for Canadian oil,...
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...
Energy stocks are surging alongside broader equities and other risk assets, as October CPI rose less than expected, at +0.4% vs estimates of +0.6%, and core rose 0.3% vs estimates of +0.5%, giving the market a signal that inflation may have peaked. The read-through for markets is the Fed’s rate tightening program is working, and consumer prices may begin to decline. The 10-year Treasury yield fell over 5%, and dropped below the key 4%-mark, currently around 3.93% (as of 9:00 AM ET).
Oil prices were initially lower overnight on China demand concerns and a stronger dollar, though those losses quickly evaporated after the 8:30 AM ET inflation report. Oil prices are now higher by nearly 1% as traders reallocate capital into a variety of risk assets.
Natural gas futures are also higher, trading up 3% around $6.03. Weekly inventory data due out later this morning expects a build of 84 bcf versus the 5-year average of +20 bcf.
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...
Yuka Obayashi and Katya Golubkova | TOKYO (Reuters) -U.S. President Donald Trump said on...
Baker Hughes, Hunt Energy, and Argent LNG are forming a partnership to create a...
By Charles Kennedy for Oilprice.com | Shell and other major energy players have withdrawn...
Merger and acquisition activity in the U.S. upstream oil and gas sector slowed significantly...
by Andreas Exarheas| RIGZONE.COM | Chevron will “consolidate or eliminate some positions” as part of...
The newly unveiled U.S.–EU energy framework, announced during the July 27–28 summit in Brussels,...
The U.S. oil and gas industry is riding a line between productivity and paralysis....
By Felicity Bradstock for Oilprice.com | The United Nations Development Programme (UNDP) and the...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
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