Oil Prices Climb Amid Russia-Ukraine Tensions, Await OPEC Meeting
Summary Ukraine’s attacks force Russia to shut 17% of oil-processing capacity Bets on Federal Reserve rate cut buoy oil demand outlook US market reopens on Tuesday following Labour Day break…
Equinor to Inject Nearly $1 Billion into Orsted Following US Setbacks Under Trump
Summary Equinor supports Orsted’s rights issue Will subscribe for shares worth up to $941 million Says it sees value in strategic collaboration with Orsted Will nominate candidate to Orsted’s board…
US Oil Production Hit Record High in June, EIA Says
(Reuters) – U.S. crude oil production hit a record high in June, the Energy Information Administration said on Friday, rising 133,000 barrels per day to 13.58 million bpd. Product supplied…
BACK TO SCHOOL: US Markets Brace for September Risks
A summer trading lull looks set to come to a halt with September risks stacking up hard and fast. U.S. President Donald Trump’s decision to fire Federal Reserve Governor Lisa…
Oil Rises on Weaker Dollar and Russian Supply Disruptions
Russian drones knock out Ukraine power facilities Zelenskiy vows more strikes deep inside Russia OPEC+ due to meet on September 7 (Reuters) – Oil prices rose by more than 1%…
COMMENTARY: How Will AI Impact the Oil and Natural Gas Industry? – Yogi Schulz
By Yogi Schulz Breathless AI headlines promise superintelligence. However, in today’s oil and gas industry, the impact of AI is more practical—streamlining operations rather than inventing new exploration and production…
Most Trump Tariffs Are Not Legal, US Appeals Court Rules
Summary Appeals court on 7-4 vote rules against Trump’s tariffs Court delays ruling taking effect to allow for Supreme Court appeal Trump administration may have Plan B (Reuters) – A…
Oil Prices Fall with Expected Low Demand, Upcoming Supply Boost
Summary OPEC+ supply increase expected to arrive in autumn Lackluster US demand expected as summer driving season ends Uncertainty over Russian supply impacts market sentiment Russian oil exports to India…
California Sets Aside Penalties for High Refinery Profits
“The fact is, supply is declining faster than demand, and we need to bring them into alignment: that means slowing supply loss while aggressively pursuing the transition to zero emission…
US Drillers Cut Oil and Gas Rigs for Second Week in a Row, Baker Hughes Says
(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row, energy services firm Baker Hughes said…
