Refiners Elbow Traders to Take a Larger Slice of Venezuela’s Oil
(Reuters) – Refiners and oil-producing firms in the U.S. and elsewhere are gaining market share in Venezuela’s crude as they sign direct contracts with state-run PDVSA, challenging the global traders…
Shale Trades Go-Go Days of Growth for Output Creep
By and Gone are the go-go days of the US shale patch, when producers came out guns blazing, eager to boost output through fracking. Get the Latest US Focused Energy…
EQT Misses Quarterly Profit Estimates on Weak Gas Prices, Raises Production Forecast
July 21 (Reuters) – U.S.-based energy company EQT (EQT.N) missed Wall Street estimates for second-quarter profit on Tuesday, hurt by weaker natural gas prices. While the Middle East conflict sent…
Halliburton Beats Estimates on Europe, Latin America Oilfield Services Demand
Halliburton’s quarterly Middle East revenue falls nearly 11% CEO Miller expects North America recovery to continue this year Shares fall 4.3% July 21 (Reuters) – Halliburton (HAL.N) edged past Wall…
Why Oil Prices Haven’t Gone Crazy Despite 5 Months of US-Iran War
By China sharply cut crude imports and demand, reducing pressure on global oil markets U.S. boosted output and released Strategic Petroleum Reserve crude June reopening of Strait of Hormuz eased…
US War in Iran Has Cost $37.5 Billion so Far, Pentagon Says
(Reuters) – The United States’ war in Iran has cost $37.5 billion so far, U.S. Defense Secretary Pete Hegseth said on Tuesday, an increase of nearly $8 billion since the…
Oil Prices Ease as Mediators Propose US-Iran Ceasefire
By Get the Latest US Focused Energy News Delivered to You! It’s FREE: Summary Yemen’s Houthis threaten naval blockade of Saudi Arabia Received mediators’ proposal, Iranian official tells Reuters US,…
M&A: Magnolia Oil & Gas to Buy WildFire Energy in $4.06 Billion Deal
(Reuters) – Magnolia Oil & Gas (MGY.N) said on Monday it had agreed to acquire WildFire Energy for about $4.06 billion, including debt, to expand its position in the Giddings…
Oil-Service Companies Set to Reveal War’s Impact on Earnings
Halliburton, SLB Ltd., and Baker Hughes Co. are expected to report hits to their bottom line due to the Iran war’s impact. The companies’ earnings reports will offer insight into…
Chevron Shuts in US Gulf Platform in Preparation for Developing Tropical Storm
(Reuters) – Chevron is shutting-in production at its Petronius facility in the U.S. Gulf of Mexico, and all associated personnel are being moved onshore in preparation for Tropical Depression Two,…
