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EnerCom announces Liberty Energy and Baker Hughes as Keynote Speakers at the 30th annual EnerCom Denver – The Energy Investment Conference, August 17-20, 2025- oil and gas 360

Celebrating the 30th Anniversary of EnerCom Denver – The Energy Investment Conference, August 17-20, 2025

July 11, 2025

(Oil & Gas 360) – Register for EnerCom Denver – The Energy Investment Conference, August 17-20, 2025, featuring a broad group of public and private energy companies at www.enercomdenver.com at The Westin Denver Downtown. Limited presentation opportunities remain for E&P, Midstream, OFS, Energy Transition, Nuclear and Emerging Technology companies Sponsorship opportunities are available for companies seeking to increase marketplace and brand awareness

Venezuela’s PDVSA oil sales abroad hit $17.5 billion in 2024 as exports jump

July 11, 2025

(Investing) – Venezuelan state-run PDVSA’s oil sales abroad in 2024 stood at $17.52 billion, according to a results document seen by Reuters on Friday, as exports jumped due to U.S. licenses allowing foreign partners to operate in the sanctioned OPEC member. There are no comparative figures from previous years because PDVSA has not published its results since 2016, and it did

Saudi Arabia’s production increase sparks credibility concerns

July 11, 2025

(Oil Price) – After two years of playing the role of OPEC+ model citizen, Saudi Arabia has decided it’s time to loosen the tie—at least according to the IEA. According to the International Energy Agency, the Kingdom overshot its June production quota by a whopping 700,000 barrels per day, pumping 9.8 million bpd—the highest in two years. OPEC’s official production figures

U.S. rig count had an increase of 1 this week, at 585- oil and gas 360

U.S. rig count decreased by 2 is at 537

July 11, 2025

This week’s Baker Hughes Rig Count shows that the U.S. decreased by 2 over last week, resulting in a total count of 537 rigs. Canada had an increase of 11 over last week, resulting in a total Canadian count of 162 rigs. Breakdown by region Of the regions tracked by Baker Hughes, only the Haynesville region experienced an increase this

World oil market may be tighter than it looks, IEA says

July 11, 2025

(Investing) – VIENNA -The world oil market may be tighter than it appears despite a supply and demand balance pointing to a surplus, the International Energy Agency said on Friday, as refineries ramp up processing to meet summer travel demand. The IEA, which advises industrialised countries, expects global supply to rise by 2.1 million barrels per day this year, up 300,000

Mach Natural Resources LP Announces Transformative Acquisitions in the Permian Basin and San Juan Basin

July 10, 2025

(Oil & Gas 360) – Publisher’s Note: Mach Natural Resources will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown, August 17-20, 2025. Register to attend. OKLAHOMA CITY–(BUSINESS WIRE)– Mach Natural Resources LP (NYSE: MNR) (“Mach” or the “Company”) today announced it has entered into two separate definitive agreements: one to acquire certain oil and gas assets from Sabinal Energy, LLC (“Sabinal”), and

Weekly Gas Storage: Inventories increase by 88 Bcf- oil and gas 360

Weekly Gas Storage: Inventories increase by 53 Bcf

July 10, 2025

Natural Gas Inventories as of July 4, 2025 The EIA has released its natural gas inventory report, showing a net increase of 53 Bcf as of July 4, 2025. Working gas in storage was 3,006 Bcf as of Friday, July 4, 2025, according to EIA estimates. This represents a net increase of 53 Bcf from the previous week. Stocks were

Oil falls amid bearish Trump tariff outlook

July 10, 2025

(Investing) – LONDON -Oil prices fell by around 2% on Thursday, as investors weighed the potential impact of U.S. President Donald Trump’s tariffs on global economic growth. Brent crude futures were down $1.42, or 2.02%, at $68.77 a barrel by 1327 GMT. U.S. West Texas Intermediate crude fell $1.61, or 2.35%, to $66.77 a barrel. On Wednesday, Trump threatened Brazil, Latin America’s

U.S. crude oil inventories increase by 0.5 million barrels- oil and gas 360

U.S. crude oil inventories increase by 7.1 million barrels

July 9, 2025

Weekly Crude Oil Storage as of July 4, 2025 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 7.1 million barrels from the previous week. At 426 million barrels, U.S. crude oil inventories are 8% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data,

Oil eases as traders assess US tariffs, OPEC+ output hike

July 8, 2025

(BOE Report) – Oil prices retreated on Tuesday after rising almost 2% in the previous session as investors assessed new developments on U.S. tariffs and a higher-than-expected OPEC+ output hike for August. Brent crude futures dipped 22 cents, or 0.3%, at $69.36 a barrel by 0330 GMT. U.S. West Texas Intermediate crude fell 27 cents, or 0.4%, at $67.66 a

Lack of new US power capacity could increase blackouts 100 times by 2030, says Energy Department

July 8, 2025

(Investing) – U.S. power outages could increase by 100 times in five years if suppliers fail to add capacity during peak demand, the Department of Energy said on Monday. Blackouts could increase by 100 times in 2030 if the U.S. continues to shutter reliable power sources, DOE noted in a report on grid reliability and security. It cited green policies of

The odds of a September Fed rate cut look high after June jobs report — but it may be a tough call for Powell

July 7, 2025

(MarketWatch) – The Federal Reserve is likely to resume lowering interest rates in September, but it won’t be an easy call for the central bankers, economists said Thursday in the wake of the June jobs report. There will be a lot of data over next two months that will impact the Fed’s decision, but if trends continue as they are now,

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