A stodgy U.S. recovery showed little sign of accelerating over the last week with hints emerging that the quick job gains of May and June may be fading, according to Continue Reading
The number of Americans filing for unemployment benefits unexpectedly rose last week for the first time in nearly four months, suggesting the labor market was stalling amid a resurgence in Continue Reading
U.S. jobless claims rose last week for the first time since March, the clearest sign yet of a pause in the economic recovery as coronavirus cases surge in much of Continue Reading
A major insurance company dropped coverage for the Trans Mountain expansion project, an oil pipeline seen as vital to the growth of Canada’s oil sands. Under pressure from environmental groups Continue Reading
A growing number of banks are restricting access to funding to the U.S. shale industry in the wake of the oil price crash, although the aversion to lending more capital Continue Reading
The Covid-19 downturn has caused a shocking decline in new fracking operations in the US, with monthly numbers plunging to a bottom of just 325 wells in June. A Rystad Continue Reading
Despite the fact that U.S. shale producers have brought back a quarter of the output they had curtailed, production is set for a new slump after the summer as new Continue Reading
More a tenth of gas flares in the Permian play tend to malfunction and release unlit methane into the atmosphere, the Environmental Defense Fund has reported, based on a new Continue Reading
Multiple issues could affect the future of Oklahoma natural gas and oil production, including a recent US Supreme Court ruling likely giving the state’s Native American tribes more control over Continue Reading
The US oil and gas rig count rose by six to 294 on the week, rig data provider Enverus said July 23, marking the second consecutive week of increases after Continue Reading
