US Drillers Cut Oil and Gas Rigs for Third Week in a Row, Baker Hughes Says
Baker Hughes said oil rigs rose by one to 411 this week, while gas rigs fell by one to 123, and miscellaneous rigs fell by one to five. Get the…
Stone Ridge Buys Oklahoma Assets From ConocoPhillips
NEW YORK–(BUSINESS WIRE)–Stone Ridge Holdings Group (“Stone Ridge”), a financial services firm focused on alternative asset management, reinsurance, and bitcoin, today announced that its energy platform, Stone Ridge Energy (“SRE”),…
US Crude Exports Hit Four-Year Low in July on Low Domestic Supplies
U.S. crude oil exports eased in July to the lowest levels in nearly four years on low domestic supplies and as Asian and European buyers found cheaper alternatives, undermining U.S.…
Oil Set for Steepest Weekly Losses Since June
Summary Latest tariffs raise concerns over economic activity Trump threatens further sanctions on buyers of Russian oil Putin and Trump to hold meeting in coming days, says Kremlin (Reuters) –…
Trump May Look Like He’s Winning the Trade War, But Hurdles Remain
On inauguration day, the effective U.S. tariff rate was about 2.5%. It has since jumped to somewhere between 17% and 19%, according to a range of estimates. The Atlantic Council…
Why the Oil Market is Tight Despite Big OPEC+ Output Hikes
The reason is twofold, with some countries finding it hard to pump more, while others are being instructed by OPEC+ to hold back, as punishment for producing above their quotas…
Talen Energy Quarterly Profit Falls on Higher Expenses, Susquehanna Outage
Aug 7 (Reuters) – Utility Talen Energy reported a fall in second-quarter profit on Thursday, hurt by higher energy purchase costs and maintenance expenses associated with a refueling outage at its…
ConocoPhillips to Sell Anadarko Assets for $1.3 Bln; Profit Beats Estimates
(Reuters) – ConocoPhillips will sell its Anadarko Basin assets for $1.3 billion, the energy producer said on Thursday, after beating Wall Street estimates for second-quarter profit. Shares of the company rose…
Oil Steadies on Potential Trump-Putin Meeting in Coming Days
Summary US crude inventories fall by more than expected Investors remain cautious after Trump tariffs on India Saudi Arabia raises its crude prices to Asia (Reuters) – Oil prices steadied…
US Refiners Expected to Run Over 90% in Q3
High refining margins are driving the continuing high levels of production from the second quarter into the third, but tropical storms could drive down production along the nation’s refinery row…
