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Oil & Gas Trade
US Oil Output From Top Shale Regions to Rise in May, EIA Says
A pump jack lifts oil out of a well during a sandstorm in Midland, Texas, U.S., April 13, 2018. Picture taken April 13, 2018. REUTERS/Ann Saphir/File Photo Purc…
Oil Price
Record US Oil and Gas Production Keeps Prices Under Pressure
Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford/File Photo Purchase Licensing RightsU.…
Oil & Gas Trade
US Oil Output Due to Drop in February for 5th Straight Month, EIA Says
U.S. oil output from top shale-producing regions is due to decline in February for the fifth consecutive month, the U.S. Energy Information Administration (EIA)…
Oil&Gas Drilling
US Oil Output to Touch a Record High in 2024, but Growth Will Slow - EIA
A pump jack drills oil crude from the Yates Oilfield in West Texas’s Permian Basin, near Iraan, Texas, U.S., March 17, 2023. REUTERS/Bing Guan/File Photo …
Oil & Gas Trade
Elliott Takes $1 Bln Stake in US Oil Refiner Phillips 66, Urges Board Revamp
A general view of the Phillips 66 Company's Los Angeles Refinery, which processes domestic & imported crude oil into gasoline, aviation and diesel fuels, in…
Oil&Gas Drilling
US Oil Output Hits Record as Producers Boost Drilling Efficiency
A drilling rig operates in the Permian Basin oil and natural gas production area in Lea County, New Mexico, U.S., February 10, 2019. Picture taken February 10, …
Oil & Gas Trade
Exxon Secures Lead in Top US Oilfield With $60 Billion Buy of Shale Rival Pioneer
Exxon Mobil (XOM.N) agreed to buy U.S. rival Pioneer Natural Resources (PXD.N) in an all-stock deal valued at $59.5 billion that would make it the biggest produ…
Oil & Gas Trade
Exxon-Pioneer Tie-up Could Squeeze US Shale Oil Suppliers, Pipelines
ExxonMobil and Pioneer Natural Resources logos are seen in this illustration Top US oil producer ExxonMobil's planned acquisition of the No. 1 Permian shale…
Oil Price
Column: US Oil and Gas Output Nears Peak
A general view of the Phillips 66 refinery, Rodeo, California, U.S. March 2, 2023. REUTERS/Nathan Frandino/File Photo Acquire Licensing RightsU.S. crude oil pro…
Energy Safety
UNDP Hires Boskalis to Prevent ‘Enormous Oil Disaster’ Offshore Yemen
Dutch offshore services provider Boskalis has, through its subsidiary SMIT Salvage, reached an agreement with the United Nations Development Programme (UNDP) to…
Oil Price
Release of Us Oil Reserves Addresses ‘Underlying Crisis’ and Not Higher Prices, Envoy Says
US energy envoy Amos Hochstein says the country will continue to use its strategic reserves to help resolve crises. Antonie Robertson / The NationalThe US relea…
Natural Gas
U.S. Oil & Gas President Says Group Production Boost Will Keep Gas Prices Steady, Defying Biden
Rather than work to boost domestic production, President Joe Biden opted to repeatedly release millions of barrels of oil from the Strategic Petroleum Reserve t…
Oil & Gas Trade
Exxon Sues EU in Move to Block New Windfall Tax on Oil Companies
Record profits by oil companies benefiting from high energy prices have boosted inflation around the worldExxon said it will factor in the tax as it considers f…
Oil Price
Biden to US Oil Companies: ‘Bring Down Petrol Prices Now’
Crude prices have fallen in recent weeks on fears of a global economic slowdown.
Crude Oil
South Sudan Won’t Let OPEC+ Stand in Way of Increasing Oil Output
South Sudan has threatened to quit the OPEC group if it interferes with its ability to meet its ambitious oil production plans, first vice-president Riek Machar…
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