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 […]
European energy executives warned of a difficult winter ahead as natural gas prices soar to records, a grim prospect for households and businesses recovering from the global pandemic. Gas prices in Europe are breaking records […]
Five days after Hurricane Ida slammed into Louisiana, the true damage to the region’s energy infrastructure is only now starting to come to light. The challenges for companies to get out and inspect has been […]
Storm spurs refiners, pipeline networks to suspend operations OPEC+ expected to endorse oil supply increase at midweek meet Oil edged higher in New York as offshore explorers assess damage from Hurricane Ida and as investors […]
A strengthening Hurricane Ida, bearing high winds and the likelihood of flooding rain as it heads for the Louisiana coast, could damage the energy-heavy Gulf Coast economy and potentially have economic consequences well beyond the […]
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 […]
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 […]
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 […]
On Friday the Oil Futures ended higher for the fourth month in a row. “Oil futures [markets] remain hyper-focused on draws to U.S. crude and product inventories and are likely positioned on the expectation that […]
Gloom and doom are on everyone’s topic boards this morning. Oil is in a major sell-off! This is a “Buy and sell on the news” kind of moment. You can make money in the oil […]
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