(Investing) – HOUSTON – The price spread between WTI Midland crude in West Texas and Houston has narrowed this year as cold weather hurt Permian production, driving up prices, but weaker refinery and export demand on the U.S. Gulf Coast pressured that market lower. The spread between the two pricing points narrowed to 23 cents in March, the lowest since November
(Oil Price) – Mexico’s state oil firm Pemex is holding discussions with crude buyers in Asia and Europe to potentially sell there its oil, which is now being taxed with a 25% tariff by its single biggest customer, the United States, a senior government official in Mexico told Reuters. The trade wars in North America began in earnest earlier this week after the U.S.
(World Oil) – Libya’s oil and gas sector is set for a new era of growth and investment following the announcement of its first exploration bid round in 17 years. The Libyan government has officially launched the 2025 bid round for oil exploration, a long-anticipated move that marks a significant milestone in the country’s efforts to revitalize its energy industry.
(Investing) – U.S. natural gas prices fell Thursday, dropping from record levels as spring conditions approach and amid talk of a hefty increase in U.S. supply. At 09:30 ET (14:30 GMT), natural gas prices fell 1.8% to $4.368 per million British thermal units, or MMBtu, after earlier this week climbing to its highest levels since December 2022. Prices have been at record levels
Natural Gas Inventories as of February 28, 2025 The EIA has released its natural gas inventory report, showing a net decrease of 80 Bcf as of February 28, 2025. Working gas in storage was 1,760 Bcf as of Friday, Februrary 28, 2025, according to EIA estimates. This represents a net decrease of 80 Bcf from the previous week. Stocks were
(Oil & Gas 360) – EnerCom Announces Initial List of Presenting Companies for the 30th Annual Energy Investment Conference to be Held August 17–20, 2025 in Denver, Colorado EnerCom Denver – The Energy Investment Conference will celebrate 30 years of bringing together the broader energy sector, including companies, investors, analysts, and industry leaders! Presentation opportunities are available for E&P, Midstream, OFS, Minerals,
(Oil & Gas 360) – March 05, 2025 – DENVER–(BUSINESS WIRE)– Liberty Energy Inc. (NYSE: LBRT; “Liberty” or the “Company”) announced today the acquisition of IMG Energy Solutions (“IMG”), a leading developer of distributed power systems. IMG brings integrated capabilities across engineering design and development, construction management, enhanced software and monitoring systems, and operations and marketing. The acquisition strengthens Liberty
(Investing) – WASHINGTON – The U.S. Supreme Court grappled on Wednesday over whether the Nuclear Regulatory Commission has the authority to license nuclear waste storage facilities amid objections brought by the state of Texas as well as oil industry interests. The justices heard arguments in an appeal by the U.S. government and a company that was awarded a license by the
(Oil Price) – The world’s biggest sovereign wealth fund, Norway’s $1.8 trillion oil fund, has made its first investment in an external hedge fund with long-short strategies, amid changing and volatile markets, a top executive of the fund’s manager told the Financial Times. The fund, which is commonly referred to as ‘Norway’s oil fund’ because it was created with oil and gas
(BOE Report) – Energy product traders, utilities, investors and business executives are among those scrambling to assess the likely impact of new steep tariffs on the United States’ largest trade partners, which kicked in on Tuesday. New 25% tariffs on imports from Mexico and Canada, along with a doubling of duties on Chinese goods to 20%, took effect on March
(World Oil) – ChampionX announced today its ChampionX Emissions Technologies’ Aerial Optical Gas Imaging (AOGI) platform has received approval from the U.S. Environmental Protection Agency (EPA) for the Methane Alternative Test Method outlined in OOOOb. This approval marks a significant milestone in emissions management, empowering operators to integrate AOGI into their emissions monitoring programs to detect and locate fugitive methane
(Investing) – Oil prices declined for a third day on Wednesday, as investors worried about OPEC+ plans to proceed with output increases in April, and U.S. President Donald Trump’s tariffs on Canada, China and Mexico escalated trade tensions. Brent futures fell $1.47, or 2.1%, to $69.57 a barrel by 1408 GMT. U.S. West Texas Intermediate (WTI) crude declined $1.77, or 2.6%, to
