From Hart Energy: Continental Resources Inc. promoted Doug Lawler on Aug. 18 to serve as president and COO. Lawler joined Continental in...
Brent oil will bounce back to $125 a barrel by the end of 2022, UBS said Wednesday. Brent has dropped 25% since...
By: Reuters – Oil prices rose about 1.5% after hitting a six-month low on Wednesday, as a steeper-than-expected drawdown in U.S. crude...
By: Sam Meredith – CNBC – New OPEC Secretary-General Haitham Al Ghais said Wednesday that the influential producer group is not to...
Saudi Arabia’s sovereign-wealth fund ramped up its bets on US big-cap stocks in the second quarter. The Public Investment Fund poured more...
Story from RigZone. Jet fuel demand has come back with a vengeance, despite the recent bout of Covid-19, and should continue to...
OMAHA, Neb. (AP) — Warren Buffett’s company bet more on high-tech darling Apple and e-commerce giant Amazon during the second quarter, while...
Energy companies and traders are raking in huge profits selling US natural gas to Europe as prices there skyrocket. The US is...
Story by Adrian Hedden, Carlsbad Current-Argus. Two of New Mexico’s most productive oil and gas counties also contain its most low-producing or...
A disturbance began to develop Friday just offshore of southeastern Louisiana in the Gulf of Mexico, forecasters said. The system, described as...
The Federal Reserve on Thursday voted to cut its benchmark interest rate by quarter-percentage point to a range of 4.5%-4.75%. The move follows an outsized half-point cut in September.
The Fed is reducing rates to protect the labor market while keeping inflation on a cooling trend. In a statement, the Fed said it would assess the economic data when considering future easing.
Uncertainty over the path of Fed policy has risen since President-elect Donald Trump's victory on Tuesday.
Traders in the federal funds futures market now see a 33% chance of a pause at the Fed's next meeting in mid-December. Before Election Day, the odds were much smaller.
Diamondback Energy, the largest independent oil and gas producer in the Permian Basin, has warned that the U.S. shale industry may be repeating past mistakes of unsustainable growth. The company plans to limit its own output growth to 2% next year, emphasizing the need for financial discipline over aggressive production expansion.
Diamondback's CFO, Kaesa Van't Hof, cautioned that other companies' focus on lowering break-even costs to justify growth has "gotten this industry in trouble in the past" and may be leading the industry back down a problematic path. The broader shale sector is closely monitored, as rising U.S. production has put pressure on OPEC, leading the cartel to delay a planned production increase. Some producers, such as Matador Resources and ConocoPhillips, have already raised their production guidance, but Diamondback aims to prioritize free cash flow over capital expenditure growth.
The U.S. Energy Information Administration reported an inventory build of 2.1 million barrels for the week to November 1. EIA HERE
By JENNIFER McDERMOTT | AP | Chris Wright, President-elect Donald Trump’s pick for energy secretary, told...
Story By Sohrab Darabshaw | Via Metal Miner| U.S. President Donald Trump has not...
President Donald Trump wasted no time reversing the country’s energy policies upon taking office,...
Canada is weighing its options for retaliating against incoming U.S. President Donald Trump’s proposed...
The recent unveiling of DeepSeek, an AI model developed by a Chinese startup, has...
Story by Andreas Exarheas| RigZone.com | Donald J. Trump issued a raft of energy orders...
Tsvetana Paraskova for Oilprice.com | Canada has drafted a list of U.S. goods worth...
Argentina concluded 2024 with its largest energy trade surplus in nearly two decades, according...
Story By Arpan Rai | Ukrainian officials welcomed Donald Trump’s threat to sanction Russia harder, suggesting punitive...
U.S.-based Diversified Energy has announced a definitive agreement to acquire Maverick Natural Resources from...
🟢 US oil and gas companies are expected to prioritize shareholder returns and limit...
Tsvetana Paraskova | OilPrice.com | President Trump’s ‘drill, baby, drill’ policy promises to unleash...
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