Story By Curtis Williams | Reuters | Oil and gas production in Texas, Louisiana, and New Mexico decreased in the first quarter...
From Bloomberg, via RigZone.com | Story By Josyana Joshua | US pump prices are likely to climb to the highest since the summer...
Russian oil companies are experiencing significant delays in receiving payments for their crude oil and fuel exports, with some waits extending to...
In January, the US Energy Information Administration (EIA) reported a monumental achievement in the American oil industry: domestic crude oil production reached...
By Bloomberg, via RigZone.com |Mohammed Hatem, Christine Burke | The Yemen-based Houthi militants renewed their threats against Saudi Arabia, warning it not...
Story By Mella McEwen |Midland Reporter Telegram| Despite a nearly 25% decline in the rig count last year, US crude oil production...
At a recent summit in Brussels, key figures from pro-nuclear European nations and energy specialists advocated for a resurgence of nuclear energy....
Story By Leslie Sattler | TCD, via Yahoo News | In Colorado, abandoned oil wells have sparked lawsuits from fed-up landowners. What’s...
In a significant move reflecting the ongoing debate around Environmental, Social, and Governance (ESG) investment strategies, the Texas Board of Education has...
Duke Energy’s transition from coal to natural gas at their Marshall Steam Station on Lake Norman is a significant example of how...
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.
By Julianne Geiger for Oilprice.com | Despite Trump’s full-throttle push to “unleash” U.S. energy,...
by Andreas Exarheas|RigZone.com| A fact sheet posted on the White House website on Tuesday stated...
US Energy Development Corporation (USEDC) is gearing up for a big year in 2025...
By Felicity Bradstock | OilPrice.com | Several U.S. oil and gas companies have warned that...
On Monday, President Donald Trump reignited the energy debate by announcing a bold new...
El Paso billionaire Paul Foster and his partners at Franklin Mountain Energy (FME), a...
By Simon Watkins for Oilprice.com |Following the sudden removal of longtime Syrian President Bashar...
In a significant move within the energy sector, Elliott Investment Management, one of the...
By Darren Barbee | Hart Energy, via Yahoo News | ConocoPhillips Co., looking to shed...
On February 1, President Donald Trump officially announced a broad set of tariffs that...
by Lucia Kassai – (Bloomberg) — US oil refiners along the Gulf Coast are...
By Felicity Bradstock for Oilprice.com | President Trump has been emphatic about his support for...
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