Shale explorers are searching for oil at rates not seen since the early weeks of the pandemic as high crude prices incentivize drilling. SourceContinue Reading

U.S. Crude Production Sinks In May | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Premium Content By Julianne Geiger – Jul 29, 2022, 2:00 PM CDT EIA: U.S. field production of crude oil fell in May to...Continue Reading

Gas Demand Declines As Prices Soar, Utility Giant Engie Says | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Jul 29, 2022, 1:30 PM CDT Gas demand from all customers of...Continue Reading

Nickel Road Operating LLC announced it divested a portion of its assets in the Denver-Julesberg Basin to Bayswater Exploration and Production. SourceContinue Reading

As the U.S. experiences two straight quarters of negative GDP growth, which meets the common definition of recession, Railroad Commission of Texas Chairman Wayne Christian said high taxes, unnecessary regulations, and irresponsible deficit spending is what caused the mess we are in. SourceContinue Reading

U.S. Drillers Continue To Add Rigs As Crude Prices Rally | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Premium Content By Julianne Geiger – Jul 29, 2022, 12:16 PM CDT The number of total active drilling rigs...Continue Reading

Energy Aspects: Crude Oil Demand Not Declining In Recession Pattern | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Jul 29, 2022, 12:00 PM CDT Global oil demand is not declining...Continue Reading

The Unstoppable Rise Of European Power Prices | OilPrice.com Premium Content By Editorial Dept – Jul 29, 2022, 11:00 AM CDT 1. Recession Could Soon Become Reality – Despite recent attempts to redefine the concept of economic recession, economic data firmly points to the inevitability of one amidst soaring inflation, weakening manufacturing, and generally worsening...Continue Reading

Breaking Down Big Oil’s Incredible Earnings | OilPrice.com Premium Content By Editorial Dept – Jul 29, 2022, 11:00 AM CDT Politics, Geopolitics & Conflict Thousands of protesters loyal to Shi’ite cleric Moqtada al-Sadr stormed the Iraqi parliament on Wednesday, leading to an ongoing political standoff for OPEC’s second-largest oil producer. The protesters, completely controlled by...Continue Reading

By Editorial Dept – Jul 29, 2022, 11:00 AM CDT With the Fed’s decision to raise rates behind us, there are still multiple uncertainties threatening to keep oil prices unstable. In the current tight market, the Fed’s move to hike rates by 75 basis points sent WTI lower, but by less than 1%. Gasoline prices...Continue Reading