(World Oil) – U.S. shale oil producers are unlikely to heed President Donald Trump’s latest call to “Drill, Baby, Drill” as they prioritize hedging over ramping up production in response to U.S. military strikes on Iran. Wary of being caught by yet another false start in global crude markets, U.S. oil companies are likely to use hedging contracts to lock
(Oil Price) – Global energy demand rose by 2% last year with all sources of energy seeing upticks, the Energy Institute said in the latest edition of its annual Statistical Review of World Energy, previously compiled by BP. Oil, gas, and coal consumption increased modestly, at 1%, with oil demand specifically falling in China, by 1.2%. Global bas demand, however, expanded by 2.5%,
(BOE Report) – CALGARY – Canada’s biggest crude oil shipper says a lot needs to happen before it would propose a new pipeline to the West Coast. Alberta Premier Danielle Smith has said she wants to see a pipeline running from her province to the Port of Prince Rupert, B.C., so that more oilsands crude can be exported to Asia by
(World Oil) – (Bloomberg) — Shell Plc denied a Wall Street Journal report that it is in active talks about acquiring its London-based oil rival bp Plc. “This is further market speculation. No talks are taking place,” a Shell spokesperson said. bp surged as much as 10% in New York earlier on Wednesday on the report that it was in
Natural Gas Inventories as of June 20, 2025 The EIA has released its natural gas inventory report, showing a net increase of 96 Bcf as of June 20, 2025. Working gas in storage was 2,898 Bcf as of Friday, June 20, 2025, according to EIA estimates. This represents a net increase of 96 Bcf from the previous week. Stocks were
(Investing) – NEW YORK -Oil prices rose on Thursday with investors focused on market fundamentals as crude and fuel inventories fell in the U.S. and the dollar sank to a multi-year low, while the market remained cautious about the Iran-Israel ceasefire. Brent crude futures were up $1.15, or 1.7%, to $68.83 a barrel at 11:37 a.m. EDT (1637 GMT). U.S. West Texas
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