🟢 OPEC+ surprised markets by announcing a larger-than-expected August output hike of 548,000 oil bpd. 🟢 Analysts say...
Story By Andreas Exarheas| RigZone.com |Executives from oil and gas firms have revealed where they expect the West Texas Intermediate (WTI) crude...
(Reuters) -An $88 million satellite backed by billionaire Jeff Bezos that detected oil and gas industry emissions of the powerful greenhouse gas...
By Tsvetana Paraskova for Oilprice.com | Equinor and its partners have decided to invest $1.3 billion (13 billion Norwegian crowns) in the...
Story By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) revealed its latest U.S. crude oil and natural gas proved...
The oil and gas sector is undergoing a major digital overhaul, and data is at the center of it. In 2023, the...
by Andreas Exarheas | RigZone.com |In a release sent to Rigzone this week, Enverus announced that it has released its annual list of...
A-list actors are turning their attention to Wall Street, and this time, the plot centers around the climate crisis. In a bold...
By Tsvetana Paraskova for Oilprice.com | U.S. oil producers flocked to hedge higher prices for their output for the rest of the...
Amid rising global tensions following U.S. strikes on Iranian nuclear sites, former President Donald Trump made a high-volume appeal to ramp up...
In earnings news, Kinder Morgan reported a 20.3% rise in quarterly adjusted profit on Wednesday as the U.S pipeline operator received a boost from jet fuel demand, with the company also benefiting from re-contracting some natural gas pipelines at a higher rate. The pipeline operator cashed in on the pent-up travel demand, which resulted in a 19% rise in jet fuel volumes transported in the second quarter. It said adjusted earnings for its natural gas pipelines were up 6% at $1.13 billion. The company also increased its dividend by 3%.
Oil prices fell by more than $5 on Thursday after higher U.S. gasoline stockpiles and an ECB rate hike stoked demand worries and returning oil supply from Libya eased supply concerns. Oil futures trading volumes have been thin and prices volatile as traders have to square weaker energy demand with tighter supply resulting from the loss of Russian barrels after the country's invasion of Ukraine. U.S. gasoline inventories rose by 3.5 million barrels last week, government data showed on Wednesday, far exceeding analyst forecasts. "U.S. gasoline demand is struggling to shift into top gear during the peak summer driving season," said PVM analyst Stephen Brennock.
Natural gas prices are off by 20 cents ahead of weekly inventory data. Analysts expect a build of 46 bcf.
by Andreas Exarheas | RigZone.com |In a release sent to Rigzone this week, Enverus announced...
Story By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) revealed its...
By a 6–0 vote, the Texas Supreme Court has handed a major victory to...
A-list actors are turning their attention to Wall Street, and this time, the plot...
The oil and gas sector is undergoing a major digital overhaul, and data is...
Story By Andreas Exarheas| RigZone.com |Executives from oil and gas firms have revealed where...
The U.S. Interior Department has proposed a major rule change that could reshape onshore...
By Tsvetana Paraskova for Oilprice.com | Equinor and its partners have decided to invest...
Global energy markets are watching a delicate balancing act unfold. Between renewed signals of...
(Reuters) -An $88 million satellite backed by billionaire Jeff Bezos that detected oil and...
🟢 OPEC+ surprised markets by announcing a larger-than-expected August output hike of...
Energy Exploration Technologies Inc. (EnergyX) has struck a major deal to expand its position...
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