October 29, 2024

Energy Market Assessment: Pent-up demand paint a bright, positive future

October 29, 2024

(Oil & Gas 360) – While Very Nice, Warmer-Than-Normal Dominating Is Minimizing Oil & Natural Gas, Cold Air & Pent-Up Demand Paint A Bright, Positive Future. Despite Tropical Storm and Hurricane conditions temporarily disrupting moving oil, a growing economy setting stock market record highs is also evident in YOY growth resumed in demand for the petroleum that fuels prosperity-producing movement. Growth,

Matador Resources Company receives approximately $113 million from sale of Piñon Midstream, LLC

October 29, 2024

(Oil & Gas 360) – DALLAS–(BUSINESS WIRE)–Oct. 29, 2024– Yesterday, on October 28, 2024, Enterprise Products Partners L.P. (“Enterprise”) announced that it had completed its acquisition of Piñon Midstream, LLC (“Piñon”). Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced it had received its share of the sales proceeds, or approximately $113 million, for Matador’s approximate 19% ownership interest in the parent company of Piñon.

Factbox-How do Trump and Harris differ on energy policy?

October 29, 2024

(Investing) – Republican Donald Trump and Democrat Kamala Harris have a couple of things in common on the issue of U.S. energy policy: both say they want to expand production and keep prices down for consumers. The core difference is that Harris says she wants to do so in a way that favors clean energy technologies crucial to fighting climate change,

Crude drop turns options bets worthless as Iran, Israel conflict simmers

October 29, 2024

(World Oil) – Traders who piled into bullish options bets on oil prices at record pace are waking up to a harsh reality: Most of those contracts are now worthless. Israel refrained from striking Iran’s energy infrastructure in its long-awaited bombardment of the OPEC nation over the weekend, sending crude prices crashing. That plunge has helped contribute to a chunk

BP earnings top forecasts despite weaker oil prices and refining

October 29, 2024

(Oil Price) – BP (NYSE: BP) booked third-quarter earnings above analyst expectations, although the profit was lower from a year earlier and the second quarter amid weaker oil prices and low refining margins. BP reported on Tuesday an underlying replacement cost (RC) profit – its key earnings metric closest to net profit – of $2.3 billion for the third quarter, down by 30%

Oil prices climb as US reserve bid lends support

October 29, 2024

(Investing) – Oil prices rose more than 1% on Tuesday, reversing some of the previous session’s 6% tumble, as a U.S. plan to buy oil for the Strategic Petroleum Reserve (SPR) provided some support though wider concerns about weaker future demand growth exerted pressure. Brent crude futures climbed 94 cents, or 1.32% to $72.36 a barrel by 1237 GMT, while U.S. West

Energy Market Assessment: Pent-up demand paint a bright, positive future

Matador Resources Company receives approximately $113 million from sale of Piñon Midstream, LLC

Factbox-How do Trump and Harris differ on energy policy?

Crude drop turns options bets worthless as Iran, Israel conflict simmers

BP earnings top forecasts despite weaker oil prices and refining

Oil prices climb as US reserve bid lends support

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