
High Volatility Frustrates USA Efforts to Refill Oil Reserves
The Energy Department last week rejected all offers to replenish the stockpile.
The Energy Department last week rejected all offers to replenish the stockpile.
Baker Hughes has named Ganesh Ramaswamy as the executive vice president of the Industrial & Energy Technology business segment effective January 16.
China’s generous quota for crude imports boosted oil with renewed hopes for a demand revival in the world’s largest buyer.
Shell said its gas-trading earnings were ‘significantly higher’ in Q4 of 2022 as the firm overcame challenges encountered earlier in the year.
Louisiana and Texas are set to gain thousands of energy jobs in the first part of 2023, LSU said in its 2023 Gulf Coast Energy Outlook.
Oil declined as broader market sentiment soured and mild winter temperatures in may parts of the globe eased fears of an energy crisis.
Executives from 150 oil and gas firms have their say.
The EIA’s latest gasoline and diesel fuel update has revealed what consumers were paying for in a gallon of gasoline and diesel back in November.
‘Oil prices would need to be around $60-$65 per barrel and gas demand would need to drop lower’.
Indian liquefied natural gas importers have signed a flurry of long-term purchase agreements linked to the U.S. price benchmark.
Falling US inventories and bullish options activity provided further support for oil prices.
Devon and Ridgemont are divesting their interests in a natural gas pipeline serving the Permian Basin with a capacity of about 2.5 Bcfd.
Midland, Texas-based oil and gas developer Permian Resources expects the acquisition to add about 12,000 boed in Q2.
The U.S. Energy Information Administration cut its average Brent oil spot price forecast for 2025 and 2026 in its latest short term energy outlook.