Saturday, July 26, 2025

EU’s Early Ratification of Paris Climate Agreement Upends Trump Plan to “Cancel It”

President Trump likely would ignore it, President Clinton would champion it The European Union approved a fast-track ratification of the Paris climate change agreement yesterday, less than a year after it was signed in Paris, upending a Donald Trump promise to cancel the agreement if elected president. In September, in a ceremony in Hangzhou, China, the UN Secretary General received the

Why Russia’s Opex Fell 30%

Running out of time Oil and gas producers have worked diligently to reduce the cost of their operations following the fall in crude oil prices at the end of 2014. Without $100 oil, E&P companies the world over were forced to find ways to cut costs in order to make their operations profitable. On the whole, producers have reduced opex

Cushing oil storage tanks -oilandgas360

WTI Closes in on $50 with Decent Crude Oil Draw

Crude oil inventories fell roughly 3.0 MMBO, sending WTI prices higher U.S. crude oil futures were up over 2% today, extending gains from earlier this week, as the Department of Energy announced a surprise draw in crude oil inventories. The average estimate for this week’s crude oil data indicated that stockpiles would build 1.06 MMBO, but the data released by

Resolute Adds to Permian Position with $135 Million Delaware Basin Acquisition

Resolute’s new Delaware Basin acreage producing 1,200 BOEPD Resolute Energy (ticker: REN) announced that it has entered into a definitive agreement with Firewheel Energy LLC, a portfolio company of EnCap Investments, to acquire 3,293 acres of oil and gas properties located in Reeves County, Texas. The purchase price for the acquisition is $135 million, consisting of $90 million in cash