Large oil companies are racing to sell land in the largest U.S. shale formation as rising crude prices present them with a golden opportunity to jettison unwanted acreage and meet Continue Reading
Top oil exporters in the Middle East are reaping the benefits of the rally in crude oil prices. For the first time in 2021, the Middle East’s share of crude Continue Reading
U.S. oil and gas producer Continental Resources Inc (CLR.N) is nearing a deal to acquire the Delaware Basin assets of peer Pioneer Natural Resources (PXD.N) for more than $3 billion, Continue Reading
BP Plc aspires to be the oil industry’s climate champion. Last year, the London-based company became the first of the world’s supermajors to embrace an eventual phase-out of all greenhouse Continue Reading
Diamondback said it planned to pump some 221,000 to 225,000 barrels of crude daily. For full 2021, Diamondback said production would come in at between 222,000 to 223,000 bpd Most Continue Reading
The American Petroleum Institute (API) on Tuesday reported its sixth straight week of crude oil inventory builds. This week, the API estimated the inventory build for crude oil to be Continue Reading
The price of oil has climbed to multi-year highs, and oil companies are raking it in. Though Big Oil typically opens the taps when oil prices are high, the industry Continue Reading
Global steel production has declined for the fourth month in a row. The global energy crunch is forcing many producers to curb output. Metals producers across the globe are feeling Continue Reading
Just two years ago, many forecasters predicted that oil and gas prices were likely to remain lower for longer. Thanks to a perfect mix of underinvestment and rebounding demand, energy Continue Reading
The COVID-19 pandemic sparked a chain reaction in energy markets that is still being felt. The oil price crash forced many producers into bankruptcy, resulting in the largest short-term oil Continue Reading
