(Reuters) – Wildfires burning in Canada’s oil-producing province of Alberta have affected more than 344,000 barrels per day of oil sands production, or about 7% of the country’s overall crude oil output, according to Reuters calculations. At least two thermal oil sands operators south of the industry hub of Fort McMurray evacuated workers from their …
Alberta’s Wildfires Disrupt Some 7% of Canada’s Oil Production Read More »
(Reuters) – U.S. natural gas futures jumped about 8% to a three-week high on Monday on a drop in output forecasts for warmer weather and higher demand this week than previously expected. Analysts said gas prices also gained some support from a 5% increase in U.S. oil futures after OPEC+ kept its output increase unchanged. …
US Natgas Prices Jump 8% to 3-Week High on Lower Output, Higher Demand Read More »
(Reuters) – President Donald Trump’s budget proposes to shut as soon as in a few months the Northeast Home Heating Oil Reserve, which stores 1 million barrels of diesel and was designed to protect consumers. The reserve, created in 2000 by former President Bill Clinton, holds enough for roughly 10 days of heating homes. It …
Trump Budget Proposes Closing Northeast Heating Oil Reserve Read More »
Cactus CEO Scott Bender said the $344.5 million deal with Baker Hughes improves the oilfield equipment company’s access to new markets unaffected by tariffs.
Global Infrastructure Partners exited its position in Hess Midstream after the closing of a public offering on May 30.
As the founder and chairman of Continental Resources reflects on 25 years of Bakken horizontal development, he urges his fellow U.S. producers to “never quit exploring.”
For this week, Stratas Advisors says it is likely that oil prices will drift downward. While the market was expecting the supply increase by OPEC+, there will still be additional supply coming onto the market, while demand growth is muted.
Innovex International’s CEO said the deal bolsters its position in the cementing tool market in the U.S. and supports efforts to grow market share in the offshore and international markets.
NextEra Energy said the solar facility is located in Louisiana’s Tangipahoa Parish.
My Power Hour discussion with Representatives Chip Roy and Josh Brecheen By Alex Epstein I invited Representatives Chip Roy and Josh Brecheen for a discussion about how they defeated a hoard of subsidy-seeking lobbyists to cut off new solar and wind subsidies in the “Big Beautiful Bill.” I had the opportunity to help out with …
