US Drillers Add Oil and Gas Rigs for Third Time in Four Weeks, Says Baker Hughes

By Rig count still 6% below last year, despite recent increase Gas rigs reach highest level since August 2023 EIA projects rise in crude and gas output in 2025 NEW…

Crude Off Session Highs; Canceled US Flights Rein in Jet Fuel

By US crude stocks rose more than expected last week Private reports suggest US labor market weakened in October Gunvor withdraws proposal to buy Lukoil’s overseas assets HOUSTON, Nov 7…

Renewable Energy Boom Drives Up India’s Power Transmission Costs

India’s renewable energy boom is leading to soaring transmission costs as the country’s transmission network is being built on estimates of potential renewable power generation not on actual capacity or…

U.S. Sanctions on Russia Lead to Puzzling Oil Cargo Transfer Off India

Traders and crude market analysts are baffled by a ship-to-ship (STS) transfer of a Rosneft crude cargo offshore India without any attempt to conceal the origin of the oil, as…

Renewable Energy Boom Drives Up India’s Power Transmission Costs

India’s renewable energy boom is leading to soaring transmission costs as the country’s transmission network is being built on estimates of potential renewable power generation not on actual capacity or…

Enbridge Reports Q3 Profit and Revenue Down From Year Ago

Enbridge  missed third-quarter profit estimates on Friday, pressured by higher financing costs from capital investments including U.S. gas utility acquisitions, sending its shares down nearly 2% in premarket trading. Get the…

What Happens at COP Climate Summits? Will This One Make a Difference?

By and Leaders at COP30 family photo in Belem, Brazil, on Nov. 7. Photographer: Fernando Llano/AP Photos Get the Latest US Focused Energy News Delivered to You! It’s FREE: For…

Shale Operators Defy $60 Oil to Keep Increasing Production

By and A pumpjack and drill rig over an oil well in the Permian Basin near Midland, Texas. Photographer: Daniel Acker/Bloomberg Get the Latest US Focused Energy News Delivered to…

Petrobras Hikes Dividend as Production Surge Offsets Lower Oil Prices

Petrobras will be paying higher dividends for the third quarter compared to the second quarter as production and earnings jumped sequentially, the Brazilian state-owned oil giant said. Petrobras booked a…

China’s Crude Imports Jump as Other Commodity Purchases Falter

Amid the highest Chinese refinery throughput so far this year, China’s crude oil imports jumped in October by 8.2% from a year earlier and by 2.3% month-on-month, while purchases of…