Oil Field Vendor Nine Files Bankruptcy to Cut $320 Million Debt
By Nine Energy Service Inc., a Houston-based oil field vendor, filed for Chapter 11 bankruptcy on Sunday as it struggled with high leverage and a shrinking business amid a slowdown…
Winter Freeze Cut US LNG Output in January; Imports From Trinidad Helped Fill Gap
(Reuters) – Exports of liquefied natural gas from the U.S. fell in January to 11.3 million metric tonnes – down from December’s record of 11.5 MT – as a winter…
US Dropping 25% Separate Tariff on Indian Imports After Pledge to Cut Russian Oil, White House Says
(Reuters) – The Trump administration is dropping a 25% additional tariffs imposed on Indian imports over its purchases of Russian oil, in addition to lowering a country-specific tariff to 18%…
US Crude Oil Production Nears Full Recovery After Storm Hit Output
(Reuters) – Crude oil producers in the United States continued bringing oil wells back online on Monday, with only around 0.7% of national output still halted in the aftermath of…
Shell CEO Says LNG Sector Growing Faster Than Gas, Around 3% Per Annum
Shell CEO Wael Sawan speaks at the Energy Asia conference in Kuala Lumpur Convention Centre, Kuala Lumpur, Malaysia June 17, 2025. REUTERS/Edgar Su (Reuters) – Shell’s CEO Wael Sawan said…
BP’s Whiting Refinery Union Workers Agree to 24-Hour Rolling Extension
United Steelworkers members at BP’s 440,000-barrel-per-day refinery in Whiting, Indiana agreed to a rolling 24-hour contract extension at the largest refinery in the U.S. Midwest, the company said in a…
Two Things OPEC+ Can’t Control. Trump and China Imports: Russell
Reuters There are two factors that are largely beyond the control of OPEC+ and they are likely to determine the price of crude oil in the coming weeks. Get the…
CONFIRMED: Devon, Coterra Merge to Create U.S. Shale Giant in $58 Billion Deal
Devon, Coterra merge to create U.S. shale giant in $58 billion deal Feb 2 (Reuters) – Devon Energy and Coterra Energy on Monday decided to merge in a $58 billion all-stock deal,…
Oil Falls 5% on US-Iran De-Escalation
Summary Prices fall from multi-month highs as U.S.-Iran tensions ease Trump says Iran ‘seriously talking’ with Washington Geopolitical risks mask a bearish oil market, analysts say (Reuters) – Oil prices…
US Drillers Add Oil and Gas Rigs for Second Week in a Row, Baker Hughes Says
(Reuters) – U.S. energy firms this week added oil and natural gas rigs for a second week in a row for the first time since December, energy services firm Baker…
