Story By Andreas Exarheas |RigZone.com| Brent crude futures are in correction mode due to the uncertainty surrounding China’s economic outlook and stimulus...
LNG Canada, a massive liquefied natural gas export terminal led by Shell, is set to begin operations next year, but analysts are...
Story by Andreas Exarheas|RigZone.com| Natural gas prices are digesting the damage from Hurricane Milton in Sarasota Country, Tampa, and other areas caught in...
In 2024, the United States has solidified its position as the world’s leading driver of natural gas demand, largely fueled by power...
Reporting By Laila Kearney (Reuters) | MARA Holdings Inc. (MARA.O), the world’s largest publicly traded bitcoin miner, has begun producing power in...
by Bloomberg | Devika Krishna Kumar and Christopher Charleston | Oil held steady after a day of choppy trading, as US crude...
Owning mineral rights can be both a rewarding and challenging experience, especially if you inherited them without much background in the oil...
By Tsvetana Paraskova for Oilprice.com | Russian oil companies and officials have discussed the possible ban on diesel exports for firms not...
BP has officially abandoned its 2030 target to significantly cut oil and gas production, marking a notable shift under CEO Murray Auchincloss....
By Bloomberg| Anthony Di Paola & Sherry Su | Saudi Arabia raised its main oil prices for buyers in Asia amid heightened...
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 Western Anadarko Basin in Oklahoma has long been a cornerstone of U.S. oil...
Story by Adam Kemp |PBS News| When Rhiannon Kymer opened the doors of her...
President Donald Trump announced Thursday that the United States is set to boost oil...
Brazil’s government has officially approved joining OPEC+, the coalition of major oil-exporting nations, marking...
The Trump administration has taken another step toward expanding American crude oil production and...
President Donald Trump’s declaration of a “national energy emergency” in early 2025 has sent...
Diamondback Energy has announced a $4.08 billion cash-and-stock acquisition of select subsidiaries of Double...
Investing.com |The Energy Information Administration (EIA) has released its latest Natural Gas Storage report,...
Story By Felicity Bradstock |OilPrice.com| President Trump has doubled down on his pledges to...
In a decisive move reflecting the current administration’s energy priorities, the Senate voted 54-44...
Stroy By Nicole Jao| NEW YORK (Reuters) – Top U.S. refiners are poised to...
By Georgina McCartney | HOUSTON (Reuters) – Two large earthquakes that hit the Permian...
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