Treasury Secretary Janet Yellen indicated the EU and US are in talks to curb Russian oil revenue. It comes as Russia reels...
By: Reuters – Shale gas producer Chesapeake Energy plans to hire a liquefied natural gas (LNG) adviser, according to a job listing,...
Another week, another record high for gas prices. And there seems to be no immediate relief in sight. Story Credit: Medora Lee,...
By: Bloomberg News – Oil fluctuated after top exporter Saudi Arabia signaled confidence in demand with a bigger-than-expected price increase of its...
A Permian Basin oil and gas operator agreed to pay $150,000 in fines and spend $500,000 to improve air quality in the...
By: Weizhen Tan – CNBC – First, it was the pandemic. Then came the Russia-Ukraine war. With two major global crises back-to-back, there...
Why were Carbon Credits created? The burning of fossil fuels is a major source of greenhouse gas emissions and the carbon credit...
Texas-based XTO Energy Inc. recently filed completion reports on a series of 8 wells in Carter and Love Counties in southern Oklahoma....
By: James Morris – Forbes – Every new EV gets compared to Tesla. General Motors CEO Mary Barra has even said her...
Apache Corp. generated national – and even international – headlines in the fall of 2016 when it announced what it believed was...
Inflation ticked up slightly on an annual basis in October, the latest evidence that while cost increases were coming under control, they were not entirely vanquished.
The Consumer Price Index, released on Wednesday, climbed 2.6 percent from a year earlier, higher than September’s 2.4 percent. And after food and fuel prices were stripped out to give a better sense of the underlying inflation trend, “core” inflation held steady at 3.3 percent.
WTI crude oil prices remained near their November lows, trading around $68.39 per barrel Wednesday morning, as bearish market factors capped any gains during yesterday's session. In the physical market, indicators suggest a supply glut is emerging sooner than expected, while the futures market is displaying signs of oversupply. Additionally, OPEC reduced its demand growth forecasts for the fourth consecutive month, and the strong US dollar made commodities priced in the currency less attractive.
Despite some activity in the physical market supporting the Dated Brent benchmark, the overall outlook for oil remains weak. Global supply is expected to outpace demand next year, and China's latest economic measures fell short of direct stimulus while inflation remains subdued. Traders continue to monitor tensions in the Middle East, the possibility of a second Trump presidency, and OPEC+ production decisions, all of which contribute to the choppy trading environment in the mid-$60s to mid-$70s range.
By Ernest Scheyder |HOUSTON (Reuters) – Exxon Mobil said on Wednesday it has signed...
The owner of the Inglewood Oil Field in Los Angeles County is taking the...
By Jarrett Renshaw (Reuters) – U.S. President-elect Donald Trump does not intend to spare...
Thanksgiving Day, 6:42 a.m. The faint glow of sunrise illuminated the empty parking lot...
(Reuters) – Oil prices were little changed on Wednesday, pressured by a large surprise...
APA Corporation, a Houston-based oil and gas exploration company, is expanding its partnership with...
Story By Mella McEwen | Midland-Telegram Reporter |Devon Energy has begun detailing the results...
Donald Trump’s transition team is preparing to make energy a top priority, aiming to...
ONEOK, Inc. [OKE.N] and EnLink Midstream, LLC [ENLC.N] have announced that they have executed...
ConocoPhillips has recently made headlines with its acquisition of Marathon Oil, a move that...
By Kaanita Iyer, CNN |President-elect Donald Trump has chosen North Dakota Gov. Doug Burgum to...
U.S. natural gas producers are gearing up to boost output in 2025 after a...
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