By: Renée Jean – Williston Herald – The Bakken was the only shale play in America to improve production efficiency per well...
By: Reuters – Oil edged up towards $69 a barrel on Tuesday as a tight physical market offset some of the COVID-19...
By: Reuters – U.S. investment bank Goldman Sachs said the OPEC+ deal to boost oil supply supports its view on oil prices...
Greenland has ended its 50-year ambition to become an oil-producing nation after announcing on July 16 it would suspend a strategy of...
By: Judith Kohler – The Denver Post – Two of the biggest mergers in the oil and gas industry this year took...
By: Greg Avery – Denver Business Journal – A private equity-backed business has acquired a Denver-based oil and gas company with thousands...
By: Reuters Staff – Reuters – U.S. oil and gas mergers surged last quarter with the most $1 billion-plus deals since 2014,...
David Hasemyer, Inside Climate News – The Trans-Alaska Pipeline, one of the world’s largest oil pipelines, could be in danger due to...
By: Laila Kearney – Reuters – North Dakota is suing the U.S. government on claims the Department of the Interior and the...
A spike in oil and gasoline prices is touching off concerns about inflation and other long-term energy effects — and putting President...
The Dow Jones Industrial Average fell 234.21 points, or 0.6%, ending at 38,763.45.
The S&P 500 shed 40.53 points, or 0.8%, closing at 5,199.50.
The Nasdaq Composite dropped 171.05 points, or 1.1%, finishing at 16,195.81.
It has been the worst five-day start to a month for both the Dow and the S&P 500 since January 2016, according to Dow Jones Market Data.
The selloff in U.S. equities resumed despite a sharp rebound for Japanese stocks, with the Nikkei 225 up 1.2% on Wednesday.
According to Informa Global Markets, U.S. capital markets were also opening back up, with Facebook parent Meta Platforms Inc. leading a pack of investment-grade companies that borrowed $31.8 billion on Wednesday alone.
Underground stocks finished the last full week of July at 3,249 Bcf, or 16% above the five-year average, according to the U.S. Energy Information Administration (EIA). There are 14 more weekly government storage reports left for this injection season, including Thursday’s EIA report, for which NGI has modeled a 30 Bcf build.
“On the bull side, you can see that injections have been lean,” veteran gas analyst Thomas Saal said. Market jitters usually appear when inventory scenarios approach the 4,000 Bcf level. “At the rate we're going now, if we put 20 Bcf to 30 Bcf in weekly for the rest of the season, we're not going to have to worry about it.”
The EIA Natural Gas Storage Dashboard has additional updates on storage market conditions.
Chevron CEO Michael Wirth recently criticized U.S. President Joe Biden’s administration for policies that...
In a recent interview with Bloomberg, Wil Vanloh, CEO of Quantum Energy Partners, shared...
By Lucia Kassai and Devika Krishna Kumar |Bloomberg)– Oil storage tanks at a key US...
A Spanish infrastructure company, Redexis, has reached a significant milestone for Spain’s energy industry....
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...
Some projections rank this discovery as the world’s fourth-largest in terms of oil and...
Story by Bloomberg, via RigZone.com |Authors: J.Saul, N.S.Malik, M.Chediak| Energy companies in the US are...
A small group of California Republicans has introduced several bills ahead of a special...
Have your oil & gas questions answered by industry experts.