Tuesday, July 28, 2026
U.S. natgas falls 3% to one-week low on milder weather forecasts- oil and gas 360

U.S. natgas falls 3% to one-week low on milder weather forecasts

Reuters Dec 17 – U.S. natural gas futures fell about 3% on Friday to a one-week low on record output and forecasts for milder weather through late December than previously expected. Mostly mild weather since mid-November has kept heating demand low and allowed utilities to leave so much gas in storage that there will soon be more of the fuel

U.S. rig count increased by 7, is at 580- oil and gas 360

U.S. rig count increased by 3 this week, at 579

Oil and Gas 360 This week’s Baker Hughes rig count shows that U.S. had an increase of 3 over last week, resulting in a total count of 579 rigs. Canada had a decrease of 10 over last week, resulting in a total Canadian count of 167 rigs. Breakdown by region Of the regions tracked by Baker Hughes,  the Arkoma Woodford,

Texas approves more power market rules to avoid another February freeze- oil and gas 360

Texas approves more power market rules to avoid another February freeze

Reuters Dec 17  – The Public Utility Commission (PUC) of Texas has approved more reforms to improve power market reliability and help avoid price spikes and outages like those seen during last winter’s February freeze. The rulings on Thursday were the latest in a series of measures designed to prevent a repeat of the energy emergency caused by February’s Winter

U.S. fishing industry teams up with oil lobby to fight offshore wind- oil and gas 360

U.S. fishing industry teams up with oil lobby to fight offshore wind

Reuters Dec 17 – Members of the U.S. commercial fishing industry are teaming up with an oil industry-backed lobbying group to fight offshore wind energy development on the East Coast, according to documents reviewed by Reuters and interviews with people involved. The unusual alliance reflects the breadth of opposition President Joe Biden faces as his administration pushes to expand offshore wind power

Total, Shell pile into Brazil's offshore fields in $2 billion sale- oil and gas 360

Total, Shell pile into Brazil’s offshore fields in $2 billion sale

Nasdaq RIO DE JANEIRO – TotalEnergies SE, Royal Dutch Shell (LON:RDSa), Petrobras, Petronas and Qatar Energy scooped up two blockbuster offshore fields in Brazil on Friday, raking in 11.14 billion reais ($1.96 billion) in signing bonuses for the government. TotalEnergies, Qatar Energy and Malaysia’s Petronas won the right to develop the coveted Sepia field, while Brazil’s state-run Petrobras, formally Petroleo

Stocks slide, safe havens gain as Omicron worries weigh- oil and gas 360

Stocks slide, safe havens gain as Omicron worries weigh

Reuters NEW YORK – Global stock benchmarks and oil prices fell on Friday while safe havens such as the dollar and Treasury bonds rose as investors wrestled with a hawkish turn from major central banks in the fight against inflation and rising numbers of Omicron cases. Asian shares closed near lows for the year and broad-based European stock benchmarks slid