Improvements in drilling and fracking techniques amid a wave of corporate takeovers will drive the expansion and more than offset recent reductions in rig deployments, analysts at the the London-based bank wrote in a note titled ‘Underestimate U.S. shale at your peril.’ SourceContinue Reading

The acquisition will consolidate more assets in the hands of what is already the world’s biggest LNG player, at a time when demand for LNG expands faster than other fossil fuels. Major energy producers, including Shell and Chevron Corp., assert that natural gas will play a long-term role in the energy transition. SourceContinue Reading

Oil Prices Bounced Back After Markets Overreacted to the OPEC Announcement | OilPrice.com Premium Content By Editorial Dept – Jun 18, 2024, 11:00 AM CDT Standard Chartered believes the oil selloff was an overreaction and predicts significant supply deficits in the latter part of the year. The IEA forecasts slower world oil demand growth in...Continue Reading

Russia’s Crude Shipments Rise Despite Vow to Fix Overproduction | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jun 18, 2024, 10:30 AM CDT Russia continued to raise its crude oil exports by sea for a second consecutive week despite promising to stick strictly to its...Continue Reading

Europe Aims to Reduce Reliance on China for Critical Minerals | OilPrice.com Felicity Bradstock Felicity Bradstock is a freelance writer specialising in Energy and Finance. She has a Master’s in International Development from the University of Birmingham, UK. More Info Premium Content By Felicity Bradstock – Jun 18, 2024, 10:00 AM CDT Europe is looking...Continue Reading

Fisker Files for Bankruptcy as Troubles Mount for EV Makers | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jun 18, 2024, 9:15 AM CDT Electric vehicle manufacturer Fisker Group Inc said on Tuesday it had filed for Chapter 11 protection in the District of Delaware, one year...Continue Reading

Oil Prices Climb as Sentiment Continues to Improve | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Premium Content By Michael Kern – Jun 18, 2024, 8:50 AM CDT Oil prices have bounced back after the last OPEC+ announcement sent them crashing, and the U.S. Federal Reserve...Continue Reading

U.S. Judge Dismisses Exxon’s Lawsuit Against Activist Investor | 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 – Jun 18, 2024, 8:00 AM CDT A U.S. district judge has dismissed a lawsuit filed by...Continue Reading

Shell Boosts Its LNG Business by Buying Trader Pavilion Energy | 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 – Jun 18, 2024, 7:00 AM CDT Shell, the world’s largest LNG trader,...Continue Reading

Buffett’s Berkshire Hathaway Raises Occidental Stake to 29% | 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 – Jun 18, 2024, 5:45 AM CDT Berkshire Hathaway has recently bought another nearly 3...Continue Reading