LONDON, Aug 10 (Reuters) – Top U.S. gas exporter, Freeport LNG, has retracted the force majeure it initially declared after an explosion in June, a development that could cost its buyers billions of dollars in […]
The U.S. Energy Information Administration (EIA) expects U.S. electricity consumption this year to increase 2.4% over 2021, resulting primarily from increased economic activity but also from hot summer weather throughout most of the country. According […]
The American Petroleum Institute (API) reported a surprise build this week for crude oil of 2.156 million barrels, while analysts predicted a draw of 400,000 barrels. The build comes as the Department of Energy released […]
WTI crude has lost ~9.5% over the previous week, landing at $89.26/bbl, losing essentially all the gains it had made since Russia invaded Ukraine. It was the largest one-week percentage decline since April, amid growing […]
(Bloomberg) — U.S. shale oil drillers continue to show little sign of responding to high global prices with more production, only now it’s not just their focus on rewarding shareholders that’s holding them back, but […]
(Bloomberg) — The climate-and-tax bill passed by the Senate would force oil companies to pay more for drilling on federal land and block them from stockpiling leases at rock-bottom prices, changes that conservationists and good-government […]
SHEBOYGAN, Wisc., Aug 10 (Reuters) – Travel brochures in Sheboygan, Wisconsin, tout the town’s beaches on Lake Michigan as the Malibu of the Midwest. But pages of glossy photos leave out a feature of the […]
Oil prices declined as investors considered the progress in last-ditch talks reviving the 2015 Iran nuclear deal, which would allow Iranian crude exports to flow into the tight Western markets. West Texas Intermediate fell 0.36% […]
Despite persistent inflation, fears of recession, weak second quarter earnings, and a persistent bear market, JP Morgan strategist Mislav Matejka remains bullish on stocks. Matejka said in a note, “We believe that risk reward for […]
Aug 9 (Reuters) – Shale producer Devon Energy (DVN.N) said on Tuesday it will buy Validus Energy, an Eagle Ford basin operator, for $1.8 billion in cash. The deal comes at a time when oil producers are […]
Copyright © 2025 | Sandstone Group