EOG Drops $5.6B on Big Bet on the Utica | 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 Related News By Julianne Geiger – May 30, 2025, 1:00 PM CDT EOG Resources is making a bold northeast push,...Continue Reading
The total number of active drilling rigs for oil and gas in the United States fell yet again this week, according to new data that Baker Hughes published on Friday, following a 10-rig decrease last week, and a 6-rig decrease the week before that. The total rig count in the US fell by 3 to...Continue Reading
Refiners Cheer Good Start to U.S. Driving Season | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – May 30, 2025, 11:30 AM CDT U.S. gasoline consumption over Memorial Day weekend, the start of the U.S. driving season, rose by 2% from the same weekend last year...Continue Reading
The European Union says China, including Hong Kong, is responsible for “approximately” 80 percent of the circumventions of sanctions against Russia even though Beijing continues to deny it. According to a classified report by the German Foreign Ministry, seen by German newspaper Sueddeutsche Zeitung and the state television networks NDR and WDR, EU sanctions commissioner...Continue Reading
Brent Slides Below $64 as Trump and OPEC+ Rattle Crude Markets | OilPrice.com Tom Kool Tom majored in International Business at Amsterdam’s Higher School of Economics, he is Oilprice.com’s Head of Operations More Info Premium Content By Tom Kool – May 30, 2025, 10:30 AM CDT A turbulent week for global energy markets saw oil...Continue Reading
Saudi Aramco’s Borrowing Spree | OilPrice.com Premium Content By Editorial Dept – May 30, 2025, 10:04 AM CDT Defying Lower Oil Prices, Saudi Aramco Goes on Borrowing Spree – Saudi Arabia’s national oil company, Saudi Aramco, is seeking to borrow more from the financial markets to meet its investment needs, having raised $5 billion this...Continue Reading
EOG Resources today announced a definitive agreement to acquire Encino Acquisition Partners (EAP) for $5.6 billion. The deal positions EOG as a leading E&P within the Utica shale play, adding 675,000 net acres for a combined 1,100,000 acres, and representing more than two billion boe of undeveloped resource. SourceContinue Reading
By Editorial Dept – May 30, 2025, 9:30 AM CDT There was a time when Libya’s internal chaos lit up the radar in Washington, Moscow, Ankara, and Brussels. Not anymore. In 2025, the country is in the middle of an undeclared but escalating civil war, and no one with real leverage is rushing in to...Continue Reading
Russia Moves to Steal Power From Europe’s Biggest Nuclear Plant | OilPrice.com Premium Content By Editorial Dept – May 30, 2025, 9:30 AM CDT Politics, Geopolitics & Conflict Ukraine is protesting Russia’s construction of power lines to the occupied Zaporizhzhia nuclear plant, a move Kyiv says solidifies annexation. The UN insists there’s no immediate nuclear...Continue Reading
Oil Markets Await Clear Signals From OPEC+ | OilPrice.com Premium Content By Editorial Dept – May 30, 2025, 9:30 AM CDT WTI futures ended Thursday’s session just below a $62.59 pivot, paring earlier gains as a late-week rally fizzled. Crude prices initially rose following a U.S. trade court ruling that overturned broad Trump-era tariffs, which...Continue Reading
