Source: U.S. Energy Information Administration, Energy Disruptions Map This article was posted on Friday, August 27 at 4PM EST and will remain posted through Monday, August 30. Hurricane Ida is approaching the U.S. Gulf Coast region—home to […]
The Permian Basin looks strong until at least 2025 despite challenges from Biden’s alternative energy push, with oil output climbing steadily after its dip during the 2020 pandemic, as companies rush to consolidate their assets […]
OPEC and its allies are expected to press on with their planned revival of oil production when they meet next week, as prices bounce back from their August stumble. The coalition led by Saudi Arabia […]
Oil headed for the biggest weekly gain in 11 months as market focus shifted to the outlook for U.S. economic stimulus and a storm that is menacing the Gulf of Mexico. Futures in New York […]
China’s state-owned oil and gas major Sinopec has struck oil and gas at a field in the northwestern province of Xinjiang, Reuters reports, adding that the reserves at the field are estimated at some 100 million […]
Even the climate-conscious Biden administration supported ConocoPhillips’s $6 billion oil development on Alaska’s Northern Slope, but that couldn’t stop a judge from throwing it in limbo on environmental grounds. U.S. District Judge Sharon Gleason’s decision to rescind the […]
Norway’s wealth fund says there are oil companies in its portfolio that “absolutely” aren’t doing enough to cut emissions, as the guidelines it operates by are reviewed to give climate risk greater prominence. Norges Bank […]
Multiple Canadian companies, including the country’s most prolific natural gas producer, plan on growing volumes and capital spending in the quarters ahead, in stark contrast to major US oil and gas operators prioritizing fiscal discipline […]
Oil prices dropped on Friday, on track for a weekly loss of over 5% as new lockdowns in countries facing surging cases of the Delta variant dampened the outlook for fuel demand. Broader investor risk […]
The King Operating team sat down and discussed several key issues that are impacting the world markets today. 1: The impact of the fall of Kabul and 2: What does the market think of the […]
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