A day after Halliburton Co. warned of an imminent oil shortage, larger oilfield rival Baker Hughes Co. offered a sunnier outlook. SourceContinue Reading
Oil traders are scooping up options contracts that would pay out if U.S. crude futures plummet against international benchmark Brent, a signal that some believe the Biden administration could intervene in the market again to bring down oil prices. SourceContinue Reading
The Biden administration plans to slash the amount of biofuel that must be mixed into gasoline and diesel, according to people familiar with the matter, dealing a blow to ethanol producers and the agriculture industry. SourceContinue Reading
As deadlines on ambitious green-energy targets draw nearer, the infrastructure and expertise of the fossil fuel industry has a critical role to play in reaching the world’s decarbonization goals. SourceContinue Reading
Enbridge Inc. is evaluating two tolling options for its vast Mainline oil pipeline network after a proposal to offer long-term contracts to keep the conduits full was rejected by Canada’s energy regulator. SourceContinue Reading
In the debate over why U.S. oil producers haven’t added additional supply, the boss of ConocoPhillips lays the blame squarely with the government. SourceContinue Reading
Halliburton Co., the oil industry’s largest frac services provider, warned that the world is headed into a period of scarcity for oil after seven years of underinvestment following crude’s plummet from $100 a barrel in 2014. SourceContinue Reading
The United Arab Emirates and Reliance Industries Ltd. agreed to build a $2 billion petrochemical plant, the Indian company’s first such investment in the Middle East. SourceContinue Reading
Returning to the U.S. for the first time in 30 years, the 23rd World Petroleum Congress (WPC) got off to a fast start on Monday in Houston. Considered the epicenter of the global energy debate, Houston is easily recognized as the energy capital of the world, home to 4,600 energy firms. SourceContinue Reading
