Wednesday, September 9, 2026
ANALYSIS-Peak OPEC? Climate-focused production shift to pile pressure on pact- oil and gas 360

ANALYSIS-Peak OPEC? Climate-focused production shift to pile pressure on pact

Nasdaq LONDON – Moves to mitigate climate change are drawing peak oil demand closer, current and former OPEC officials told Reuters, potentially giving OPEC’s biggest players and their allies more power and leaving some smaller producers struggling. Members of the Organization of the Petroleum Exporting Countries and the so-called OPEC+ group together face the threat of a focus by the

Chesapeake doubles down on Haynesville shale gas with Vine Energy buy- oil and gas 360

Chesapeake doubles down on Haynesville shale gas with Vine Energy buy

Reuters Chesapeake Energy Corp said on Wednesday it would buy Haynesville basin-focused rival Vine Energy Inc for $615 million, betting on the shale field’s proximity to the U.S. Gulf Coast export hub. Dealmaking in the oil and gas sector has jumped this year as prices rebounded due to the vaccine-driven economic recovery. U.S. oil futures were trading down about 1.2%

U.S. calls on OPEC and its allies to pump more oil- oil and gas 360

U.S. calls on OPEC and its allies to pump more oil

Reuters U.S. President Joe Biden’s top aides are pressuring OPEC and its allies to boost oil output to tackle rising gasoline prices that they see as a threat to global economic recovery. Biden’s national security adviser Jake Sullivan criticized the world’s major oil producers, including Saudi Arabia, for what he said were insufficient crude production levels in the aftermath of