Oil Prices Tank on Fears China’s Rate Cuts Herald Demand Weakness | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Premium Content By Charles Kennedy – Jul 25, 2024, 6:03 AM CDT Oil prices dropped nearly 2% due to fears of slowing economic growth in China, despite positive US inventory data. China’s...Continue Reading

TotalEnergies Misses Earnings Estimates Amid Weak LNG Sales and Refining Margins | 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 25, 2024, 6:00 AM CDT French supermajor TotalEnergies (NYSE: TTE)...Continue Reading

China’s Solar Industry Calls for Consolidation to Cope With Overcapacity  | 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 25, 2024, 4:53 AM CDT China urgently needs consolidation in the...Continue Reading

Tanker Capsizes Off Philippines Coast and Spills Fuel | 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 Related News By Irina Slav – Jul 25, 2024, 3:45 AM CDT A tanker carrying industrial fuel capsized off the coast of...Continue Reading

Alberta Wildfires Spread, Threatening More Oil Production | 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 Related News By Irina Slav – Jul 25, 2024, 2:45 AM CDT Wildfires raging in Alberta are still spreading, jeopardizing more crude oil...Continue Reading

Prices for natural gas would “skyrocket” if fracing was banned. That’s according to Toby Rice, chief executive officer of shale driller EQT Corp., marking one of the first prominent voices in the fossil fuel industry to comment on the election after President Joe Biden said he would end his candidacy. SourceContinue Reading

Matador executives on a Wednesday earnings conference call with analysts credited the better-than-expected well performance to drilling efficiency improvements such as crews spending less time drilling wells and hydraulic fracturing more wells simultaneously. SourceContinue Reading

Russia plans to make extra crude oil production cuts to compensate for pumping above its OPEC+ quota in October and November this year, then between March and September of 2025. The compensation cuts will be made to account for overproduction that has occurred from April, Russia’s Energy Ministry said in a Telegram statement. SourceContinue Reading

EV Loss Drags Down Ford’s Q2 Profit | 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 Related News By Irina Slav – Jul 25, 2024, 1:50 AM CDT A loss before interest and taxes dragged down Ford’s second-quarter net...Continue Reading

Iranian Oil Exports Have Risen Sharply, Facilitated By Malaysia | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Premium Content By Alex Kimani – Jul 24, 2024, 7:00 PM CDT According to StanChart, the latest China customs import data shows crude oil imports from Malaysia...Continue Reading