The Luiperd-1X well on Block 11B/12B was drilled to a total depth of about 3,400 meters and encountered 73 meters of gas condensate. Total will now conduct a detailed assessment of the reservoir in conjunction with Qatar Petroleum and its other partners. SourceContinue Reading

Adding to the gloom, the American Petroleum Institute reported crude inventories expanded by 4.58 million barrels last week, while gasoline stockpiles rose for a second straight week, according to people familiar with the data. SourceContinue Reading

The recovery in demand coupled with the retrenchment in the U.S. shale sector could lead to higher oil prices as soon as in the second half of 2021, according to one of the top bosses of the country’s largest pipeline company. SourceContinue Reading

In much of the industrialized world, an ever-growing number of vans, trucks, trains and ships are hauling everything from desks to smart phones as consumers turn to online shopping and companies re-stock their supply chains after months of disruption. SourceContinue Reading

“This acquisition is a natural bolt-on extension of EQT’s dominant position in the core of the southwest Marcellus and supplements our already impressive asset base,” EQT CEO Toby Rice said in a statement. SourceContinue Reading

Why U.S. Residential Heating Oil Prices Slumped By 28% This Season | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Oct 28, 2020, 10:00 AM CDT U.S. residential heating oil prices at the start of the winter heating season are 28 percent lower than in the...Continue Reading

Crude Inventory Build Forces Oil Prices Lower | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Premium Content By Irina Slav – Oct 28, 2020, 10:00 AM CDT Crude oil price fell further after the Energy Information Administration reported...Continue Reading

Oil Prices Plunge 5% As Demand Fears Intensify   | 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 – Oct 28, 2020, 9:00 AM CDT Oil prices plummeted early on Wednesday, with...Continue Reading

Trump is considering issuing an executive order to require an economic analysis of fracking, as the president seeks to use what he portrays as Biden’s mixed messages on energy to capture votes in the swing states of Pennsylvania and Ohio. SourceContinue Reading

U.S. energy leadership is a product of American ingenuity and resilient workers – not federal mandates or government bailouts, says the American Petroleum Institute. SourceContinue Reading