American industry continued to regain ground lost in the coronavirus recession last month, but production remains well below where it was before the pandemic struck. The Federal Reserve reported Friday Continue Reading
Baker Hughes reported on Friday that the number of combined oil and gas rig count in the US fell yet again this week by 3, to 244, as the pandemic Continue Reading
Participants in the US jet fuel market expect to see little change in demand for the fuel through September, with reports from the second quarter suggesting recovery has decelerated amid Continue Reading
California’s grid operator is warning of possible rolling blackouts and calling on the state’s utilities to start cutting power to some customers. On late Friday, the California Independent System Operator declared a Continue Reading
Natural gas prices spiked on Friday by nearly 9%, even as the weekly storage report showed little movement. Natural gas prices hit $2.367 by 2:26 pm EDT, an increase of Continue Reading
The embattled, but resilient Permian Basin quickly evolved from a glut of oil to a glut of excess pipeline capacity as the coronavirus pandemic crippled global demand, and new long-haul Continue Reading
North Dakota oil and natural gas production increased slightly in June, marking the end of a three-month free fall as the state lost drilling rigs and crews in response to Continue Reading
A team of Brown University researchers has fine-tuned a copper catalyst to produce complex hydrocarbons—C 2+ products—from CO 2 with high efficiency. An open-access paper on the work is published Continue Reading
The hostile U.S. position on the Gazprom-led Nord Stream 2 pipeline project is a breach of international law, according to the majority of EU members, German daily Die Welt reported Continue Reading
Oil fell the most in nearly a week as investors assessed the International Energy Agency’s reduced forecasts for global oil demand in part due to a slowdown in air travel. U.S. Continue Reading
