The U.S. Energy Information Administration recently released its annual short-term energy outlook report, but what does that mean for Texas?
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Some volatility in the oil market is likely this week, according to Barani Krishnan, a senior commodities analyst at uk.Investing.com.
‘The markets started the week with a strong, risk off sentiment which accelerated the down move in oil’.
Oil posted a large loss the first week of trading in the new year as demand uncertainty continued to hang over the market.
Oil rallied after US crude stockpiles rose less than anticipated, countering the dour outlook reflected by Saudi Arabia’s decision to cut its prices.
‘I think oil will go upwards of $140 a barrel once Asia fully reopens’.
Our Annual Turkey Fry is our way of saying thank you to everyone who helps make our business such a success.
The Energy Workforce & Technology Council has approved a long-term executive leadership succession plan.
Representatives at PVM Oil Associates, Fitch Solutions, EIR and Westwood talk shale.
Oil fell for the first time in eight sessions as traders took stock of the outlook for worldwide demand, with China’s reopening delivering a lift while other parts of the global economy slow.
TotalEnergies has approved the final investment decision of the Lapa South-West oil development located in the Santos Basin off Brazil.
A new study of ExxonMobil’s climate projections shows that the oil giant’s models accurately forecast global warming.
TotalEnergies and MET booked capacity at a new LNG terminal in Germany, helping boost supplies to the country as it looks to replace Russian gas.
Oil posted its largest gain in three months this week, mostly recouping the prior week’s steep decline, as confidence in China’s recovery solidified among traders.
Spending on low-carbon projects will increase by $60Bn this year, led by wind and a rise in funding for hydrogen and CCUS, Rystad Energy said.
Upstream oil and gas got its mojo back in 2022. Record cash flows restored confidence and repaired balance sheets. For many, there is excitement about the year ahead.
Shell has noted five trends in its 2023 energy sector outlook related to energy security, economics, and transition to low-carbon sources.
Brazil's largest producer of ethanol fuel, Raizen is mulling divestments and slowing down expansions as higher borrowing costs of late in Brazil rattle its finances.
WTI climbed 0.7% to settle at $67.04 a barrel, yet oil remains down 3.9% for the week as trade and supply concerns continue.
The U.S. will not hesitate to go 'all in' on sanctions on Russian energy if it helps lead to a ceasefire in the Ukraine war, Treasury Secretary Scott Bessent said Thursday.
Enbridge has earmarked an investment of up to about $1.39 billion until 2028 for a Canada-U.S. liquids pipeline with a capacity of about 3 million barrels a day of crude oil.
'Yesterday's bearish EIA storage report surprise is the latest in a cascade of bearish fundamental indicators over the past two weeks', Eli Rubin, an energy analyst at EBW Analytics Group, said.
