By: Energy Intelligence – White House and Congressional negotiators have announced the outlines of a bipartisan debt ceiling compromise meant to stave...
By: Reuters – Alberta’s election of conservative leader Danielle Smith puts her on a collision course with Canada’s Liberal Prime Minister Justin...
BNP Paribas, which describes itself as the European Union’s leading bank and a key player in international banking, stated that it will...
By Thomas Catenacci |FOX News|. The highly-anticipated debt ceiling package House Republicans and President Biden announced on Sunday includes a provision fast-tracking a...
WASHINGTON — With days to spare before a potential first-ever government default, President Joe Biden and House Speaker Kevin McCarthy reached a final agreement Sunday on a...
TotalEnergies said that it will sell its stake of 50% in the producing Surmont oil sands asset in Canada to its partner...
By: Reuters – A move by Mexico’s energy regulator to declare some natural gas-fired power as “clean” drew criticism from environmental groups...
May 26 (Reuters) – The U.S. oil and gas rig count fell by 44 this month, the biggest drop in three years,...
In the shadow of the Permian Basin, Citizen Energy, an Oklahoma company busy in the Anadarko Basin, portrayed itself as a “great...
A “generational gamechanger.” ~Stillwater state Rep. John Talley Story By Jerry Bohnen |OK Energy Today| It’s what Stillwater state Rep. John Talley...
The oil and gas industry was rattled by President Donald Trump’s early April tariff announcements, prompting a sharp pause in market activity as commodity prices dropped, equity markets faltered, and investor confidence waned. WTI crude prices plummeted 15% in just a few days, and major publicly traded companies, such as Diamondback Energy and Occidental Petroleum, saw their shares decline by approximately 20%. With uncertainty clouding economic and policy outlooks, operators began forecasting a contraction in U.S. production, particularly if oil prices remain below $60/bbl. The LNG sector also felt the pinch, with liquefaction costs rising due to tariff-driven spikes in materials such as steel and aluminum, which increased construction costs and forced developers to reconsider EPC contracts. Industry experts warned that the tariffs could dampen demand, reduce investment, and delay reinvestment cycles, which are crucial for maintaining the global oil supply.
U.S. stocks finished sharply higher on Tuesday on rising optimism that trade tensions between the U.S. and China could soon ease.
The Dow Jones Industrial Average rose 1,016.57 points, or nearly 2.7%, to end at 39,186.98, snapping a four-day losing streak, according to Dow Jones Market Data.
The S&P 500 surged 129.56 points, or 2.5%, to finish at 5,287.76.
The Nasdaq Composite soared 429.52 points, or 2.7%, ending at 16,300.42.
The three major stock indexes on Tuesday finished higher to score their best day since April 9, after Bloomberg reported that Treasury Secretary Scott Bessent said the trade war with China was unsustainable, and he expects the situation to de-escalate in the very near future.
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 U.S. oil and gas industry is riding a line between productivity and paralysis....
The newly unveiled U.S.–EU energy framework, announced during the July 27–28 summit in Brussels,...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
(Reuters) – U.S. gasoline demand in May fell to the lowest for that month...
by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
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