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,…

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…

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…

Analysts Explain Energy ‘Bloodbath’

In a statement sent to Rigzone on Monday, Naeem Aslam, CIO of Zaye Capital Markets, said energy’s “bloodbath” today is a “classic risk-premium unwind”. “Trump’s ‘serious talks’ with Iran vaporized…

After Years Offline, Trinidad Looks to Indian Oil to Restart Refining

Trinidad and Tobago is once again trying to bring its long-idled one-and-only oil refinery back to life, but this time the government is talking to Indian Oil Corp about making…

OPEC+ Extends Output Pause Amid Glut Concerns

OPEC+ confirmed its plans to extend the pause on crude oil production hikes to March this year, citing “healthy oil market fundamentals as reflected in low inventories.” In a press…

Natural Gas Prices Plummet on Warmer February Forecast

Natural gas prices in the United States dropped by 17% in Asian trade on Monday, driven by forecasts for milder weather in the coming weeks. Data from the National Oceanic…

Iran Hopes Diplomacy Push Will Avert War With USA

Iran hopes that diplomatic efforts to avert a war with the US will bear fruit within days, the Islamic Republic’s foreign ministry said on Monday. Multiple countries in the Middle…