Friday, June 20, 2025
Weekly Gas Storage: Inventories increase by 76 Bcf- oil and gas 360

Daily electricity demand impacts from COVID-19 mitigation efforts differ by region

EIA Recent business shutdowns and changes to normal routines related to mitigation efforts for the 2019 novel coronavirus disease (COVID-19) have caused daily weekday electricity demand in the central region of the United States to decrease by 9%–13% in March and April compared with expected demand, after accounting for seasonal temperature changes. This decrease is similar to declines seen in New

The Shale Boom in the Permian Is Slowing Down - 360

Texas Shale Pioneers Struggle to Appease Investors

From Reuters Seven years ago, Diamondback Energy Inc went public with a modest parcel of drillable land in the Permian Basin of West Texas. Like dozens of other Permian startups, the firm then pursued a classic wildcatter’s strategy – borrowing to buy up acreage, acquire competitors and quickly boost output in the booming shale field. Today, Diamondback (FANG.O) is the

oil & Gas 360

Manufacturers are Leaving China for Lower Wages in India, Vietnam

From FreightWaves Apple’s (AAPL: NASDAQ) manufacturing partner Foxconn Technology Group (FXCNY: OTC US), which assembles Apple’s iPhone product in China, announced on Saturday that it has raised over $213 million for what it described as a “mega-development” in India. According to Bloomberg, the investment signals that Foxconn is moving the manufacturing of Apple products out of China. Henry Byers, director