By: Stephanie Kelly – Reuters – Oil prices fell on Monday after Saudi Arabia’s sharp cuts to crude contract prices for Asia...
By: David Long – Argus Media – US shale producers remain determined to restrain spending until oil market fundamentals strengthen, despite record...
By: Sara Fischer – KTEN – The Biden Administration has called on OPEC to increase oil production, citing high gas prices as...
By: J. Robinson & Kelsey Hallahan – S&P Global Platts – The restoration of full capacity on Texas Eastern Transmission earlier this...
By: Ethan Wu – Markets Insider – Riverstone Holdings, which made a fortune betting on American shale, is now pushing $1.3 billion...
By: Bethany Blankley – The Fairfield Sun Times – Texas’s upstream oil and natural gas sector added 1,500 jobs in July, continuing...
By: Frank Macchiarola – Morning Consult – For more than 50 years, presidential enthusiasm for U.S. petroleum products has spanned ideologies and...
By: James Marshall – E&E News – With its takeover of Afghanistan, the Taliban took control of a vast trove of metals...
By: Liz Hampton – Reuters – Dallas Cowboys owner Jerry Jones’ Comstock Resources oil company is offering to sell properties in North...
By: Eric Rosenbaum – CNBC – Oil and gas companies are working hard on their messaging in the climate change era. If...
Oil prices settled nearly 5% down on Tuesday at their lowest levels in nearly nine months on signs of a deal to resolve a dispute that has halted Libyan crude production and exports.
Brent crude futures closed down $3.77, or 4.9%, at $73.75 a barrel, their lowest level since Dec. 12. West Texas Intermediate crude futures (WTI) , which did not settle on Monday because of the U.S. Labor Day holiday, fell $3.21, or 4.4%, to $70.34 - also their lowest since December.
Brent closed down 0.3% last week, while WTI settled 1.7% lower.
Libya's legislative bodies have agreed to appoint a new central bank governor within 30 days after U.N.-sponsored talks, a statement signed by representatives of those bodies said on Tuesday.
U.S. stocks finished sharply lower on Tuesday, kicking off a historically tough month for the market. Investors assessed weak manufacturing data that reignited concerns over an economic slowdown.
According to preliminary data from FactSet, the Dow Jones Industrial Average fell 1.5% to end near 40,936.
The S&P 500 was off 2.1% to finish around 5,529.
The Nasdaq Composite tumbled 3.3%, ending near 17,136.
The three benchmark indexes suffered their worst day since the Aug. 5 market meltdown.
A Russian missile strike in the eastern Ukrainian city of Poltava on Tuesday killed at least 41 people and injured another 180, President Volodymyr Zelensky said, in the latest in a series of devastating strikes on Ukrainian cities.
Two ballistic missiles hit a military educational institution in the city, Mr. Zelensky said, as well as a neighboring hospital, trapping people under the rubble. A search and rescue operation was underway.
Helium is the second most abundant element in the universe after hydrogen. It is a...
Landowners in Arkansas are calling on the Arkansas Oil and Gas Commission to reject...
Story By Jonathan Leake | The Telegraph | Analysts have warned that Labour’s tax...
A federal judge has hit the pause button on new oil and gas drilling...
Story By Andreas Exarheas |Rigzone.com| The U.S. Energy Information Administration’s (EIA) latest gasoline and...
By David Wethe | (Bloomberg) — The price to rent a deepwater drilling rig may...
Chevron CEO Michael Wirth recently criticized U.S. President Joe Biden’s administration for policies that...
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A small group of California Republicans has introduced several bills ahead of a special...
Voyager Midstream Holdings, a portfolio company of Pearl Energy Investments, has announced the acquisition...
The oil and gas industry is inherently tied to geopolitical events and domestic policy...
Story from Bloomberg|By Anthony Di Paola| Libya’s crude exports continued to slump as UN-led...
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