High Volatility Frustrates USA Efforts to Refill Oil Reserves
January 10, 2023
The Energy Department last week rejected all offers to replenish the stockpile.
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Baker Hughes Picks New EVP Of Industrial & Energy Technology
January 10, 2023
Baker Hughes has named Ganesh Ramaswamy as the executive vice president of the Industrial & Energy Technology business segment effective January 16.
Oil Rises with Demand Outlook Optimism
January 9, 2023
China’s generous quota for crude imports boosted oil with renewed hopes for a demand revival in the world’s largest buyer.
Shell Says Gas-Trading Earnings Were Higher Despite LNG Woes
January 8, 2023
Shell said its gas-trading earnings were ‘significantly higher’ in Q4 of 2022 as the firm overcame challenges encountered earlier in the year.
Louisiana, Texas To Gain Thousands Energy Jobs At Start Of 2023
January 6, 2023
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 Drops on Risk Off Sentiment
January 3, 2023
Oil declined as broader market sentiment soured and mild winter temperatures in may parts of the globe eased fears of an energy crisis.
Where Will WTI Oil Price Be at End 2023?
Industry News
January 3, 2023
Executives from 150 oil and gas firms have their say.
Here’s What Consumers Paid For In a Gallon of Gasoline, Diesel in November
Industry News
December 29, 2022
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.
Gasoline Price Average Dipping Below $3 in 2022 Dubbed Unlikely
Industry News
December 29, 2022
‘Oil prices would need to be around $60-$65 per barrel and gas demand would need to drop lower’.
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Oil Near $100 Seen as Base Case for 2026
Oil market participants are increasingly pricing crude to be capped near $100 a barrel over the next year.
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USA EIA Reveals Latest USA Diesel Price Forecast for 2026
A quarterly breakdown included in the EIA's May STEO projected that the on-highway diesel fuel price will average $5.36 per gallon in the second quarter of this year.
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BP Enters 3 New Indonesian Blocks
Two of the exploration blocks sit near the BP-operated Tangguh LNG in Papua Barat province, presenting 'potential for short-cycle development', BP said.
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Naftogaz Wins Foreign Court Order to Enforce $1.4B Claims against Gazprom
The Astana International Financial Center Court - not part of Kazakhstan's judicial system - allowed Naftogaz to enforce a $1.4-billion international arbitration award against Gazprom in the country.
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What Happens to Oil if Iran Permanently Taxes Hormuz Traffic?
What would the implications be for the oil market if Iran decided to permanently tax/toll traffic through the Strait of Hormuz?