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Greater operating efficiencies in the top U.S. shale patch are squeezing out more oil without higher spending, according to the latest output numbers, which will boost global oil market supplies as OPEC also plans to unwind its output cuts later in the year. Producers are extending their wells to as much as three miles, squeezing …
U.S. Shale Companies Produce More Crude Using Fewer Rigs Read More »
Summary Brent benchmark saw the biggest percentage gain this year US to send guided missile submarine to Middle East Wider war could lead to US embargos on Iranian crude: analyst (Reuters) – Oil prices jumped by more than 3% on Monday, rising for a fifth consecutive session on expectations of a widening Middle Eastern conflict …
Oil Prices Jump on Prospect of Widening Middle East War Shrinking Supply Read More »
After Vineyard Wind’s broken blade polluted Nantucket beaches, some locals feel the wealthy Massachusetts island has become a casualty in the war against climate change. By Cam Baker and Josh Saul August 13, 2024 at 3:00 AM MDT Save Weeks after a busted wind turbine washed onto Nantucket shores, residents of this wealthy Massachusetts enclave are still angry. Some …
Shattered Wind Blade Puts Nantucket on Frontlines of a Clean-Energy Fight Read More »
HOUSTON, Aug 12 (Reuters) – Exxon Mobil issued a layoff notice to 59 employees as part of its workforce reshuffle following its $60 billion acquisition of Pioneer Natural Resources, according to a filing with the Texas Workforce Commission. Exxon said more than 1,500 Pioneer employees were offered jobs as part of the merger. Pioneer had roughly …
Layoffs Begin – Exxon Reports 59 Layoffs to Texas Agency Post-Pioneer Acquisition Read More »
Americans place global warming high on their list of worries but low on their list of voting priorities. By Mark Gongloff Mark Gongloff is a Bloomberg Opinion editor and columnist covering climate change. He previously worked for Fortune.com, the Huffington Post and the Wall Street Journal. Politicians usually pay attention to issues that two-thirds of Americans …
(Reuters) U.S. natural gas futures rose more than 1% to a near three-week high on Monday, supported by a drop in output in recent days and forecasts for hotter weather that should boost the amount of gas power generators burn to keep air conditioners humming. Front-month gas futures for September delivery on the New York …
US Natgas Hits Near 3-Week High on Output Drop, Hotter Weather Forecasts Read More »
(Reuters) The U.S. is seeking to buy another 6 million barrels of oil from energy companies to help replenish the Strategic Petroleum Reserve (SPR), the Department of Energy said on Monday. The solicitation of oil for the SPR is the first for delivery into the facility’s Bryan Mound, Texas site since it underwent maintenance work …
US Seeks 6 Million Barrels of Oil for Strategic Petroleum Reserve Read More »
Any politician who supports the “net zero” agenda is working to make gasoline prices much higher By Alex Epstein This is Part 1 of a 4 part feature where I cover 4 of the top energy issues being discussed this summer, especially as politicians return home for August Recess. Any politician who supports the “net …
COMMENTARY: Summer Talking Points: Gasoline Prices – Alex Epstein Read More »
Chevron has achieved a technological breakthrough, producing first oil from a U.S. Gulf of Mexico field under extreme subsea pressures, the energy company said on Monday. Its $5.7-billion project, called Anchor, ushers in an era of production from deepwater areas that had long been off-limits, because of the lack of equipment able to cope with …
Chevron Delivers Industry First in Ultra-High Pressure Oil Field Read More »
Oil prices rose for a fifth consecutive session on Monday, holding on to last week’s more than 3% gains, as U.S. recession fears eased while geopolitical tensions in the Middle East supported prices. Brent crude futures climbed 22 cents, or 0.3%, to $79.88 a barrel by 0458 GMT, while U.S. West Texas Intermediate crude futures …
Oil Extends Gains for Fifth Session Supported by Mideast Tensions Read More »
