News
USA and Germany End Nord Stream 2 Feud
The U.S. and Germany have completed a deal approving completion of the Nord Stream 2 pipeline, effectively ending a longstanding rift over German gas purchases from Russia, the allies confirmed Wednesday.
Angola's Oil and Gas Industry Continues to Provide Huge Opportunities for Investors, Despite Energy Transition
Over the past three decades, Angola has proven to be a tier one destination for major oil and gas producers.
Physical Oil Markets Run Hot
The physical oil market, in which millions of barrels of crude are bought and sold each day, is screaming for more supply in the run-up to a pivotal meeting of OPEC+ producers this week.
Bank of America Projects 2022 Oil Prices Near $100 on Growing Travel Demand
Oil may surge to $100 a barrel next year as travel demand rebounds, Bank of America Corp. said, the strongest call yet among major forecasters for a return to triple digits.
WTI Crude Closes Above $70 for the First Time Since October 2018
Oil broke through a months-long trading range as expectations of tightening supplies in the U.S. compounded signs the world’s largest oil-consuming country is in the midst of a robust recovery.
Biden Suspends Trump-Era Oil and Gas Leases in Alaska Refuge
U.S. President Joe Biden's administration on Tuesday said it would suspend oil and gas leases that were handed out in an Alaska wildlife refuge during the final days of the Trump administration pending an environmental review.
Dutch Court to Decide if Shell is Legally Responsible for Climate Change
A Dutch court verdict against Royal Dutch Shell Plc will determine whether it has a legal responsibility for climate change, in a case that will be watched by Big Oil executives globally.
Biden Loosens Nord Stream 2 Pipeline Sanctions, but Startup Challenges Remain
A natural gas pipeline linking Russia and Germany edged closer to completion after the Biden administration loosened sanctions of the controversial project, but significant hurdles remain before the fuel can start flowing under the Baltic Sea.
ConocoPhillips, Diamondback see Natural Gas-Price Gain from Texas Freeze
ConocoPhillips and Diamondback Energy both got a boost from surging natural gas prices in the first quarter, as a February deep freeze in the central U.S. stoked demand for the heating and power-plant fuel.
Exxon Strike More Oil Offshore Guyana
Exxon Mobil Corp. (NYSE: XOM) on Tuesday reported another oil discovery in the Stabroek Block offshore Guyana.