Analysis & Trends News


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North America Enters Rig Loss Streak
North America dropped rigs again week on week, according to Baker Hughes.
8:00 PM EST | March 17, 2024
Shell Plans to Divest 1K Retail Sites in Shift to EV Charging
Shell plans to divest 500 retail sites annually over the next two years.
8:00 PM EST | March 17, 2024
USA Driving Activity to Increase to All-Time Highs
The EIA projects that driving activity will increase to all-time highs in the U.S. during 2024 and 2025.
8:00 PM EST | March 17, 2024
Oil Market Sentiment Has Improved Significantly
'Brent oil prices have risen to a four-month high'.
8:00 PM EST | March 17, 2024
UK CCUS Plans Outdated: Think Tank
The UK government's CCUS strategy is based on optimistic assumptions that are 'outdated and unrealistic' and could risk locking consumers into a 'high-cost, fossil-based future'.
8:00 PM EST | March 17, 2024
Bahrain Oil Field Wins USA Financing Despite Biden Climate Vow
The U.S. Export-Import Bank voted to provide a $500 million loan guarantee for an oil and gas development in Bahrain.
8:00 PM EST | March 15, 2024
Wood Mackenzie Looks at EQT-Equitrans Deal
Wood Mackenzie outlined that EQT Corporation's acquisition of Equitrans Midstream Corporation increases the natural gas company's 'dominant footprint in the Northeast'.
8:00 PM EST | March 14, 2024
Russia Hits Odesa After Ukraine Targets Oil Plant Near Moscow
Russia hit the Black Sea port of Odesa on Friday in a deadly missile attack, hours after Ukrainian drones targeted a small petrochemical plant near the Moscow region.
8:00 PM EST | March 14, 2024
EIA Drops 2024 Henry Hub Gas Price Forecast
The U.S. Energy Information Administration cut its Henry Hub spot price forecast in its latest short term energy outlook.
8:00 PM EST | March 14, 2024
Biden LNG Freeze Delaying Projects and Risking USA Market Share
The Biden administration's pause on new licenses for LNG exporters is already stalling progress for projects that were aiming to come online later this decade.
8:00 PM EST | March 14, 2024
Rystad Looks at the Buzz Around White Hydrogen
The buzz around natural hydrogen, dubbed white or gold hydrogen, is gaining global momentum, Rystad Energy said.
8:00 PM EST | March 14, 2024
Record Influx of USA Crude Hits Day to Day Oil Markets in Europe
Physical oil markets in Europe are weakening - quashing a rally.
8:00 PM EST | March 13, 2024
USA Crude Oil Stocks Drop
Crude oil stocks in the U.S., not including the SPR, stood at 447.0 million barrels on March 8, according to the EIA.
8:00 PM EST | March 13, 2024
EIR Examines EQT-Equitrans Deal
'This deal will significantly increase EQT's runway of tier one drilling locations'.
8:00 PM EST | March 13, 2024
Saudi Arabia Is in Talks to Add Top Wall Street Banks to Aramco Share Sale
Proceeds from a new offering could help fund big initiatives by Crown Prince Mohammed bin Salman to diversify the economy away from oil.
8:00 PM EST | March 13, 2024
EIA and Standard Chartered Offer Up Latest Oil Price Predictions
The U.S. Energy Information Administration and Standard Chartered revealed their latest oil price predictions this week.
8:00 PM EST | March 13, 2024
Chinese Mega Company Makes Major Oilfield Discovery
The discovery adds over a hundred million tons of oil equivalent proved in-place volume, according to the company.
8:00 PM EST | March 12, 2024
Ukraine Hits Third Russian Refinery In Escalating Drone Strikes
Ukrainian drone attacks halted three oil refineries deep within Russian territory.
8:00 PM EST | March 12, 2024
BP and UAE's $2B Israel Gas Deal Suspended as War Rages
BP and the United Arab Emirates' state oil firm suspended a $2 billion bid to buy a major stake in Israel's NewMed Energy.
8:00 PM EST | March 12, 2024
DOE Looks to Purchase More Oil for SPR
'This is a continuation of DOE's strategy of consistent solicitations aimed at purchasing oil when it can purchase at a good deal for taxpayers'.
8:00 PM EST | March 12, 2024
Red Sea Region Sees Another Watershed Incident
Dryad Global noted that the Gulf of Aden and Red Sea 'have seen another watershed incident'.
8:00 PM EST | March 12, 2024
BMI Flags Indonesia's Exploration Success
'The country's exploration success in offshore areas has bolstered our outlook for its natural gas reserves and production,' BMI analysts said.
8:00 PM EST | March 11, 2024
Canadian Overseas Petroleum Files Bankruptcy in Canada, USA
Canadian Overseas Petroleum Ltd. has filed bankruptcy in its home country and the United States.
8:00 PM EST | March 11, 2024
Surging Gasoline Prices Add Inflation Risk in USA Election Year
U.S. gasoline futures have jumped sharply in recent weeks.
8:00 PM EST | March 11, 2024
SEB Commodities Chief Analyzes Oil Price Moves
'Optimism for oil was tempered on Friday,' the commodities chief said.
8:00 PM EST | March 11, 2024
Rystad Says OPEC+ Production Rose Month on Month
According to Rystad Energy data and research, crude production in OPEC+ countries increased in February.
8:00 PM EST | March 11, 2024
North America Drops Rigs for First Time in 2024
North America's rig count dropped week on week for the first time in 2024, according to Baker Hughes.
8:00 PM EST | March 10, 2024
Shell Gas and LNG Veteran to Leave the Company
A Shell industry veteran has decided to step down.
8:00 PM EST | March 10, 2024
EQT to Buy Mountain Valley Pipeline Owner for $5.5B
U.S. natural gas producer EQT Corp agreed to buy back former unit Equitrans Midstream Corp for about $5.5 billion in stock.
8:00 PM EST | March 10, 2024
IPAA Disappointed in Biden's SOTU Address
'President Biden continues to divide us,' Independent Petroleum Association of America (IPAA) President and CEO Jeff Eshelman said.
8:00 PM EST | March 10, 2024
GlobalData Says These Themes Will Dictate Oil and Gas Outlook in 2024
'It is ... important for the oil and gas industry to assess the impact of these themes while charting out their growth plans,' GlobalData warned.
8:00 PM EST | March 10, 2024
Ex-BP CEO Looney Takes $2.3MM Hit in 2023 Compensation
Former BP Chief Executive Bernard Looney took a GBP 1.8 million hit to his total compensation in 2023.
7:00 PM EST | March 08, 2024
USA Crude Stocks Rise
Crude oil stocks in the U.S., not including the SPR, stood at 448.5 million barrels on March 1, the EIA revealed.
7:00 PM EST | March 07, 2024
YPF Says Fire Sale to Free Up $800MM for Shale Oil Push
State-run YPF SA said its sweeping plan to divest aging oil fields will free up hundreds of millions of dollars to invest in its shale push in the heralded Vaca Muerta formation.
7:00 PM EST | March 07, 2024
VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
'Coalition warships responded and are assessing the situation,' U.S. Central Command said.
7:00 PM EST | March 07, 2024
Hess Flags Possible Delay for Chevron Deal as Exxon Steps In
Hess Corp. signaled its $53 billion agreement to be bought by Chevron Corp. may be delayed.
7:00 PM EST | March 07, 2024
OEUK Says Windfall Tax Extension Is Disappointing Blow
'The industry is being taxed on windfall profits which no longer exist', OEUK said.
7:00 PM EST | March 07, 2024
Morningstar Reveals Surprise at Diamondback-Endeavor Deal
'Diamondback was the eventual winner in what we believe to be a highly competitive bidding process,' Morningstar said.
7:00 PM EST | March 06, 2024
Saudi Arabia Moves $164B Aramco Stake to Wealth Fund
Saudi Arabia's government transferred a further $164 billion stake in Aramco to the Public Investment Fund.
7:00 PM EST | March 06, 2024
Nigeria Announces Measures to Bolster Oil and Gas Investment
Nigeria introduced new measures aimed at revamping investment in the country's oil and natural gas sector.
7:00 PM EST | March 06, 2024
Data Extracted from Flight Recorder of Crashed Helicopter
'The work of analyzing the data is ongoing', the NSIA said.
7:00 PM EST | March 06, 2024
Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension
Rystad Energy and Skandinaviska Enskilda Banken AB (SEB) offer their views.
7:00 PM EST | March 06, 2024
Hedge Funds Bet Chevron Overcomes Exxon Move to Close Hess Deal
Hedge fund managers that wagered billions on Chevron's October deal to buy Hess Corp. are sticking to their bets.
7:00 PM EST | March 05, 2024
Vessel Sinks in Red Sea After Missile Strike
'The approximately 21,000 metric tons of ammonium phosphate sulfate fertilizer that the vessel was carrying presents an environmental risk in the Red Sea', U.S. Central Command said.
7:00 PM EST | March 05, 2024
Cenovus Blasts Canadian Government for Lack of Support for Carbon Capture
Cenovus Energy blasted the Canadian government for not providing enough financial support for the oil-sands industry's proposed $12.2 billion carbon capture system.
7:00 PM EST | March 05, 2024
Macquarie Strategists Forecast USA Crude Inventory Rise
Macquarie strategists revealed that they are forecasting that U.S. crude inventories will rise for the week ending March 1.
7:00 PM EST | March 05, 2024
Standard Chartered Looks at International Energy Week
'The fringe events have grown far beyond the scale of the eponymous official event,' Standard Chartered analysts said.
7:00 PM EST | March 05, 2024
Spain Urges EU to Take Tougher Stance on Russian LNG Imports
Spain has asked the European Union to take a tougher stance on Russian liquefied natural gas imports.
7:00 PM EST | March 04, 2024
Rystad Flags Unexpected Increase in Henry Hub Prices
An unexpected increase in Henry Hub prices is countering bearish fundamentals seen in recent weeks, Rystad Energy Senior Analyst Lu Ming Pang said.
7:00 PM EST | March 04, 2024
Rystad, Macquarie Talk OPEC+ Cut Extension
Rystad Energy and Macquarie look at the latest OPEC+ developments.
7:00 PM EST | March 04, 2024