Iraq’s nationwide crude production held steady in January at just over 4 million barrels per day (bpd), according to an Iraq Oil Report analysis based on data collected independently from Continue Reading
Iraq’s $2 billion oil prepayment deal with China’s state-owned Zhenhua Oil Co. is on hold pending government approvals, the deputy director-general of State Oil Marketing Organization told S&P Global Platts.Now Continue Reading
Demand for gasoline plunged as a deep freeze left millions without power across the U.S., but prices at the pump still rose following disruptions at more than 20 refineries. Retail gasoline Continue Reading
QuantumScape Corp., an electric-vehicle-battery startup, soared as much as 12% in late trading after saying it cleared a key hurdle in the development of its technology. The company, which is attempting Continue Reading
The coronavirus pandemic, which has caused US production to drop by nearly 2 million b/d in the last year or so, has shown the vulnerability of shale development when capital Continue Reading
The decade-long fracking boom in Appalachia has not led to significant job growth, and despite the region’s extraordinary levels of natural gas production, the industry’s promise of prosperity has “turned Continue Reading
Texas is restricting the flow of natural gas across state lines in an extraordinary move that some are calling a violation of the U.S. Constitution’s commerce clause. Texas Governor Greg Abbott Continue Reading
Restarting oil and gas wells closed by the extreme cold sweeping much of the U.S. isn’t going to be quick or easy, even once the ice thaws and power is Continue Reading
Oil’s recent rise above $60 a barrel will test the willpower of shale companies that pledged to slow drilling and repair balance sheets battered by the pandemic. The highest prices since Continue Reading
For the Republicans who have run Texas state government for years, trying to undermine the Democrats who lead the state’s largest cities has been a blood sport for years. They Continue Reading
