Brent settles near $87 a barrel after earlier surge above $90 Flurry of options trades signal urge to protect against spikes Oil eked out a meager gain after Iranian media appeared to downplay the effect of Israeli strikes, lowering the geopolitical risk premium for crude. Global benchmark Brent earlier soared more than $3, popping above $90 a …
Oil Ekes Out Gain After Iran’s Muted Response to Israel Strike Read More »
While the current resurgence in gas storage is reminiscent of the 2000s —an era that saw ~400 Bcf of storage capacity additions — the market drivers providing the tailwinds today are drastically different from that cycle.
The Bureau of Land Management is limiting new oil and gas leasing in the Arctic and also shut down a road proposal for industrial mining purposes.
PHX Minerals said the company’s credit facility was extended through Sept. 1, 2028.
During a quarterly earnings call, SLB CEO Olivier Le Peuch highlighted the production recovery market as a key part of the company’s growth strategy.
Global flight activity passed pre-pandemic levels for the first time in four years last week, but jet fuel demand growth has not kept apace as newer fleets of aircrafts become more fuel efficient and carry more passengers. Aviation fuel, a product refined from crude oil, has been the single biggest contributor to oil’s post-pandemic bonanza, …
Jet Fuel Demand Growth Lags as Air Traffic Exceeds Pre-Pandemic Level Read More »
U.S. energy firms this week added oil and natural gas rigs for the first time in five weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by 2 to 619 in the week to April 19. Despite …
U.S. Drillers Add Oil and Gas Rigs for First Time in Five Weeks – Baker Hughes Read More »
Venezuela’s oil exports to world markets will not stop, despite reimposed sanctions by Washington, and will likely continue to flow with the help of Iran—as well as China and Russia.
The oil and gas rig count, an early indicator of future output, rose by two to 619 in the week to April 19.
Strike Energy completed its 3D seismic acquisition of Ocean Hill on schedule and under budget, the company said.
