OPEC members and a group of crude producers led by Moscow plan to meet again Tuesday to try to decide whether to increase production after talks on Monday ended without a deal.
For some traders, U.S. crude futures prices plunging below zero in April highlighted their flaws as a global benchmark. Brent is wrestling with its own challenges.
Dan and Farris Wilks got a $35 million pandemic relief loan for one of their fracking companies after Texas Sen. Ted Cruz pushed for changes to the key federal lending program.
As a relatively clean fossil fuel, natural gas will play a useful role for years to come. It is less certain that it will be a profitable one.
In a settlement with Vitol, the CFTC has advanced a legal theory linking foreign bribery with manipulation of U.S. derivatives markets.
Fracking is unique and revolutionary. Understanding the mechanics and economics of it can help investors understand the dizzyingly cyclical nature of energy markets.
The International Energy Agency said it would be several months before Covid-19 vaccinations begin to lift oil demand.
The first auction of federal leases for oil production in California in eight years probably won’t result in any crude production, but the bidders have little to lose.
Weary of poor shale returns, investors seek better results from startups focused on battery storage and other emerging technologies.
The Dow and S&P 500 slipped after jobless claims jumped sharply last week, though energy shares rallied.
Thursday’s advance continues a monthslong rebound from oil’s April lows around $19 a barrel during global economic shutdowns.
Superior Energy became the latest oil and gas drilling services company to file for chapter 11, while J.C. Penney said it is exiting bankruptcy and has closed a deal to sell its operations to mall owners. The Small Business Administraion took issue with Astria Health’s restructuring plan.
The downturn in the oil markets isn’t all bad news for pipeline operators.
Denmark is to end all new oil-and-gas exploration, in one of the most drastic moves by a crude-producing nation to curb carbon emissions.
The agreement ends a standoff over oil policy between the two sides, promising a modest boost to global supplies as oil markets tighten.
OPEC put off its decision about whether to extend oil output cuts until Thursday, when the cartel plans to meet with Russian-led producers.
By some measures, the coronavirus pandemic hit the energy industry harder than any other major segment of the U.S. economy, and while crude prices have staged a rally recently, the sector is still going through one of the most brutal years in its history.
OPEC and its Russia-led partners are leaning toward extending oil production cuts for another two to three months, according to officials familiar with the discussions, a move they hope will keep markets tight even as prices start to recover.
The energy supplier is trying to sell its portfolio of LNG supply contracts and other assets, according to people familiar with the matter, as it seeks to simplify its operations amid volatile LNG prices.
An investigation into the troubled Chinese state-owned Yongcheng Coal & Electricity Holding Group was escalated to the country’s securities regulator.