U.S. benchmark West Texas Intermediate crude futures broke above $50 on Tuesday for the first time since February, boosted by a surprise announcement by Saudi Arabia of a 1 million barrel per day production cut beginning in February and …
PITTSBURGH, Jan. 5, 2021 /PRNewswire/ — EQT Corporation (NYSE: EQT) today reported year-end 2020 total proved reserves of 19.8 Tcfe, an increase of 2.3 Tcfe or 13% compared to year-end 2019. The increase was driven by …
ANCHORAGE, Alaska -U.S. President Donald Trump’s administration announced on Monday that it has made final its plan to open up vast areas of once-protected Arctic Alaska territory to oil development.
The decision, which will open up more land in …
Publisher’s Note: EnerCom is pleased to announce that Liberty Oilfield Services Inc. (NYSE: LBRT), an industry leader in technology and sustainability, will be a title sponsor of the virtual The Energy Venture Investment Summit presented by …
Pressured by strict U.S. sanctions, Venezuela’s oil exports plunged by 376,500 barrels per day (bpd) in 2020, according to Refinitiv Eikon data and internal documents from state-run PDVSA, financially squeezing socialist President Nicolas Maduro.
The administration of U.S. President …
January 4, 2021: For Immediate Release: Amarillo, Texas, January 4, 2021 – energynet.com – EnergyNet will be hosting several online oil and gas lease sales in January of 2021. Two of the larger sales to be held are BLM …
LONDON/DUBAI/MOSCOW -OPEC+ oil producers were split on Monday over increasing output from February as some feared a hit from new coronavirus lockdowns while Russia and Kazakhstan said demand recovery justified higher production, five OPEC+ sources said.
OPEC+, which groups …
Cheniere Energy, Inc. President and CEO Jack Fusco issued the following statement on the passing of Cheniere board member Michele Evans:
“All of us at Cheniere are profoundly saddened at the passing of board member Michele …
NEW YORK – U.S. gasoline prices hit a nine-month peak as drivers took to the roads on holiday travel, crude oil prices kept climbing and refiners further cut fuel production due to weak margins.
Prices at …
Energy, Wall Street’s worst performing industry in 2020, could see its fortunes improve in the new year after its price action surfaced a technical buy signal on the charts on Wednesday.
The bullish development in S&P 500 energy sector …
SINGAPORE – Global commodity markets are poised to end 2020 on a strong note, with recovering demand and widespread stimulus packages buoying prices after a roller coaster ride caused by the global coronavirus pandemic.
Roll-outs of vaccines to combat …
Oil prices are unlikely to mount much of a recovery in 2021 as a new coronavirus variant and related travel restrictions threaten already weakened fuel demand, a Reuters poll showed on Thursday.
The poll of 39 economists and analysts …
HOUSTON -Exxon Mobil Corp signaled in a regulatory filing that higher oil and gas prices and improved chemicals margins would aid fourth quarter results, but the gains would be overshadowed by an up to $20 billion asset writedown.
The …
NEW YORK -Global crude prices slipped on Thursday and lost more than a fifth of their value in volatile trade in 2020, as lockdowns to combat the novel coronavirus depressed economic activity and slammed fuel demand.
Still, Brent and …
LONDON -Oil prices traded flat on Wednesday, supported by a draw in U.S. crude inventories and Britain’s approval of a second coronavirus vaccine but pressured by swelling year-over-year supply and the view that a federal aid package would be …
DENVER, Dec. 28, 2020 /PRNewswire/ — EnerCom, Inc., a nationally recognized management consultancy, and Colorado School of Mines, a leading public research university focused on science and engineering, announced today that it will host …
Reuters
NEW YORK – This year was like no other for oil prices.
Even as global prices end the year at about $51 a barrel, near the average for 2015-2017, it masks a year of volatility. In April, U.S. crude …
MILAN – Italian gas group Snam and regional utility A2A are teaming up to look at ways of fueling Italian transport group FNM’s new hydrogen trains from renewable energy sources, the three companies said on Tuesday.
FNM said in …
MELBOURNE – BP Plc said on Tuesday it has found no oil or gas at its Ironbark-1 exploration well off Western Australia, in what had been seen as a multi-trillion cubic feet gas prospect.
The result marked a big …
SINGAPORE – Sinopec Corp pledged on Tuesday to maximise domestic gas productions and raise imports of liquefied natural gas (LNG) to record rates as a cold spell hitting large parts of the country this week lifts demand for the …
NEW YORK – In June, the United States imposed sanctions on half a dozen oil tankers managed by established shipping firms. It was a major escalation of American attempts to choke off Venezuela’s oil trade.
Within weeks, a little-known …
LONDON -Oil rose on Tuesday as the United States moved towards expanding pandemic aid payments, potentially spurring fuel demand and stimulating economic growth, which pushed investors to take on more risk.
Brent crude was up 53 cents, or 1%, …
DENVER, Dec. 28, 2020 /PRNewswire/ — EnerCom, Inc., a nationally recognized management consultancy, and Colorado School of Mines, a leading public research university focused on science and engineering, announced today that it will host …
MOSCOW – The Russian pipe-laying vessel Fortuna has left the Nord Stream 2 gas pipeline construction site in the Baltic Sea, Refinitiv Eikon data showed on Monday, indicating that the 2.6-km stretch of the project in German waters may …
MOSCOW – Russia expects to support an increase in oil production by the group, known as OPEC+, of another 500,000 barrels per day (bpd) from February at next month’s summit of the leading global oil producers, Russian Deputy Prime …
MEXICO CITY – Mexico’s government has issued new regulations to limit the ability of private firms to import fuel, according to a weekend decree, fanning concerns that the move may unduly benefit national oil company Petroleos Mexicanos (Pemex).
The …
