Oil and Gas Prices
News
September 09, 2022
Oil rebounded from an eight-month low as the market shrugged off a U.S. report showing swelling crude stockpiles and slumping demand.
News
August 25, 2022
U.S. shale producers are on course to make nearly $200 billion this year, enough to make the industry debt-free by 2024 and potentially fund a pivot toward more natural gas production, according to Deloitte LLP.
Article
August 2022
Russia’s war in Ukraine has destabilized Europe’s energy markets. It has compromised Germany’s energy transition, with repercussions for all of Europe. Warrior Putin has compromised Russia’s leading position in the European energy markets.
Article
August 2022
Rising interest rates and fear of economic recession caused crude prices to decline in July, despite restricted Russian supply.
Article
August 2022
The transition to renewables and clean energy alternatives has created an unprecedented reduction of investment in hydrocarbon-based energy, in favor of developing green resources.
News
August 24, 2022
New figures show domestic gas production in the first half of 2022 was 26% higher than the same period in 2021, which is enough to heat almost 3.5 million UK homes for a year.
News
August 24, 2022
Saudi Arabia’s oil exports reached $31 billion in June, the highest in at least six years, driven by a rally in prices and rising production.
Article
August 2022
It’s no surprise that the loss of both coal- and nuclear-generated power, combined with the sudden gas shortage caused by Russia/Ukraine, has brought a real shortage of easily accessible energy resources and spiked electricity rates that are nearly six times what they were a year ago.
News
August 23, 2022
At a time when global oil markets are experiencing significant volatility, member countries of OPEC+ have the means to address these challenges, and Equatorial Guinea will continue to support efforts to improve market stability.
News
August 23, 2022
On July 30, ENTSO-E allowed a 2.5-fold increase in the export of Ukrainian electricity to Europe, only up to 250 MW. This gives Ukraine a revenue stream for supporting its energy sector.
News
August 19, 2022
Warren Buffett’s Berkshire Hathaway Inc. won approval from U.S. regulators to buy as much as 50% of Occidental Petroleum Corp. after spending months acquiring its shares. Occidental’s shares surged on news of the authorization.
News
August 17, 2022
U.S. oil and gas producers recovered and reset in 2021, posting increased profits of $73.7 billion and $211.9 billion in revenues, according to the EY U.S. oil and gas reserves, production and ESG benchmarking study.
News
August 17, 2022
Global oil markets face a high risk of a supply squeeze this year as demand remains resilient and spare production capacity dwindles, the new head of OPEC said.
News
August 15, 2022
Saudi Aramco posted the biggest quarterly adjusted profit of any listed company globally driven by high crude prices and production.
News
August 12, 2022
Oil & Natural Gas Corp.’s profit beat estimates to rise more than three times after oil prices surged in the wake of Russia’s invasion of Ukraine and an increase in local gas prices.
News
August 12, 2022
Shale drillers saw their debt burden fall further in the second quarter, signaling extra room for them to pay dividends, buy back shares or make acquisitions.
News
August 11, 2022
OPEC+ is unlikely to increase output in the coming months because of limited spare capacity, according to the International Energy Agency.
News
August 09, 2022
With $4 a gallon gas, inflation at 40-year highs, and two straight quarters of economic recession, D.C. Democrats fast-tracked partisan legislation that will stifle the economy, kill jobs, hike taxes, and increase energy costs.
News
August 08, 2022
While oil companies could benefit from the bill, which could mandate more federal oil and gas lease sales and boosts an existing tax credit for carbon capture, API President and CEO Mike Sommers said the package falls short in addressing America’s energy needs.
News
August 05, 2022
Few ideas are more economically disastrous than debt spending in an inflationary environment and raising taxes during a recession. And Democrats are planning on doing just that.
News
August 04, 2022
U.S. crude futures fell below $90 a barrel for the first time since February, the month Russia invaded Ukraine.
