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This May 5, 2019, photo issued by Karatzas Images showing the British oil tanker Stena Impero at unknown location, which is believed to have been captured by Iran. ((AP)) China's economy slowed to the weakest pace since quarterly data began in 1992 amid the ongoing trade standoff with the...
Crude oil prices ( USO -1.6% ) slumped to their lowest levels since June 19 , reversing early gains on weakness in U.S. equities markets and expectations of rising production from the Gulf of Mexico after last week's hurricane disrupted production. More news on: The United States Oil ...
The numbers below do not take into account Exxon (XOM) restarting Baytown very soon that will take another 600,000bbl/day off the market. "Davidson" submits: US Crude Inv falls 9.5mil BBL & Gasoline Inv fall 1.5mil BBL With this report, US Crude Inv sits ~13mil BBL above its 5y...
The last two years have seen record low levels of mergers and acquisitions activity in the oil and gas sector in the United States. There are other signs of lassitude in the field: a record low volume of PE deals (more of that in a moment), and only six initial public offerings in the whole of...
By Joseph G. Paul, Akhil Kapoor, Jeremy Taylor What's the long-term outlook for oil in a world shifting to renewable energy? Oil majors publicly say supply-and-demand dynamics will support the market. But their investment choices suggest that they're preparing for a much weaker oil price i...
US energy independence carries different meanings, depending on each person's views and experiences. History buffs may be reminded of a speech from President Nixon during the 1973 oil embargo. Energy industry stakeholders likely think of growing US oil and natural gas production. Others may th...
U.S. crude prices extend previous gains after EIA data showed domestic stockpiles plunged 12.8M barrels for the week ended June 21, the biggest weekly decline since a 14.5M-barrel draw in September 2016; WTI +3.5% to $59.83/bbl, Brent +2.7% at $66.81/bbl. More news on: Exxon Mobil ...
The shale gas revolution has been "an unmitigated disaster for any buy-and-hold investor in the shale gas industry with very few limited exceptions," according to former EQT Corp. ( EQT -6.8% ) CEO Steve Schlotterbeck. More news on: EQT Corporation, Antero Resources Corporation, Range ...
The shale gas revolution has been "an unmitigated disaster for any buy-and-hold investor in the shale gas industry with very few limited exceptions," according to former EQT Corp. ( EQT -6.8% ) CEO Steve Schlotterbeck. More news on: EQT Corporation, Antero Resources Corporation, Range ...
After years of struggling, oilfield service companies are beginning to raise prices for their products and services, according to a new report from research firm Rystad Energy. More news on: Schlumberger Limited, Halliburton Company, Baker Hughes, a GE company, Energy stocks news, News o...
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Marathon Petroleum Corporation (NYSE:MPC) announced several major management changes effective August 1, 2024. The company disc...
ConocoPhillips (NYSE:COP) shares are trading lower after it reported first-quarter FY24 results. Revenue of $14.476 billio...
Marathon Petroleum Corporation (NYSE:MPC) shares are trading lower after it reported first-quarter FY24 results. Revenue and other income...