Energy companies that compensate employees by the day – be it $200 or $1,000 – must still pay those people overtime because they are not considered exempted salaried personnel under the strict wording of the […]
ENB Publishers Note: As Saudi Aramco had to incur debt this year to pay its portion to support the Saudi Arabia social programs, it is not surprising that they are seeking outside investors. Unusual, but […]
OPEC will likely revise down its 2022 oil demand growth forecast on Monday, two OPEC+ sources said, as the spread of the Delta coronavirus variant puts the speed of a recovery in fuel use in […]
In EIA’s September Short-Term Energy Outlook, we expect U.S. consumption of natural gas to decline in 2021 and 2022 from 2020 levels. We forecast that consumption of natural gas will decline in all end-use sectors […]
U.S. energy expenditures, or the amount of money spent by consumers to purchase energy, fell to $1.2 trillion in 2019, down 5% in real terms compared with 2018, according to the latest data in our […]
Cimarex Energy Co. Chief Executive Officer Tom Jorden on Wednesday became the latest to bristle at President Joe Biden’s call for more oil production from OPEC, rather than from homegrown shale companies like his. Last month […]
A natural gas trade known as the widowmaker because of its volatility is once again in focus amid concerns about the level of U.S. inventories as the country get closer to winter. The spread between […]
Stronger hurricanes threatening the U.S. Gulf Coast energy hub are elevating the risks of oil spills from damage to area refineries, oil platforms, and subsea pipelines, say experts. On Monday, the U.S. Coast Guard said […]
Source: U.S. Energy Information Administration, Drilling Productivity Report Based on our latest Drilling Productivity Report (DPR), 5,957 drilled but uncompleted wells (DUCs) were in the United States in all DPR regions in July 2021, the lowest for any month […]
(Reuters) – Thermal coal prices across Asia hit new highs this week as China and India restock critically low inventories to meet robust power consumption, industry sources said. The most-traded thermal coal futures contract on […]
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