gas

The spot price for natural gas is near an all-time low, according to recent data from the Federal Reserve Bank of St. Louis. As an alternative to other forms of energy, how could natural gas affect the markets? The Data: The Fed St. Louis post references the price of natural gas at the Henry Hub...

In a recent move by South Korea which heavily relies on imports of overseas gas and oil, the country announced today it found a potentially massive reserve of oil and gas offshore close to the southeastern territory. See Also: Crypto Trader Says These Two Meme Coins Are Set To Spike — And Neither...

Hess Corp (NYSE:HES) shares are moving after shareholders approved the proposed $53 billion merger with Chevron Corp (NYSE:CVX) on Tuesday. The Details: The majority of Hess’ 308 million shares outstanding voted in favor of the deal, clearing one hurdle toward the merger. The vote in favor of...

The Canada Energy Regulator (CER) reportedly issued an order to TC Energy Corp.’s (NYSE:TRP) NOVA Gas Transmission Ltd. (NGTL) to further reduce the operating pressure for the Grande Prairie Mainline gas pipeline in Alberta. As per the report, TC Energy said in a statement, “Currently ...

Exxon Mobil Corp (NYSE:XOM) is preparing to close a $60 billion deal for Pioneer Natural Resources Co (NYSE:PXD) in the coming days after agreeing not to add Pioneer CEO Scott Sheffield to the company’s board of directors. The Details: According to a report from the Wall Street Journal,...

Petrobras (NYSE: PBR), the renowned Brazilian state-run oil and gas company, has recently unveiled its ambitious plans to boost its sustainable energy portfolio. This strategic move involves the potential installation of 48 megawatts of solar energy capacity across three of its refineries....

BP p.l.c. (NYSE:BP) shares are trading lower on Tuesday. The operator of the Azeri-Chirag-Gunashli (ACG) project announced the start-up of oil production from the new Azeri Central East (ACE) platform as part of the ACG field development in the Azerbaijan sector of the Caspian...

Goldman Sachs analyst Neil Mehta expressed views on Exxon Mobil Corp.’s (NYSE:XOM) signaling weak oil and gas prices to impact first-quarter FY24 results. The company anticipated that fluctuations in gas prices would negatively influence its first-quarter upstream results by between $(0.6)...

Natural gas has been in focus with energy prices poised to climb on summer demand. The 2024 estimate for natural gas production has been lowered by around 1.3 billion cubic feet per day (Bcf/d) to 102.7 Bcf/d, with production volumes expected to decline to exit the year at 101.8 Bcf/d,...

Ukraine drone attacks are increasingly targeting Russian infrastructure, and at the top of the list are oil and refining installations. Could this have a knock-on impact on gasoline prices in the U.S.? In the last two days, two Russian fuel depots have been damaged — one critically — in separate...

Despite the Biden administration's ambitious climate goals, the oil and gas industry in the United States has seen unprecedented growth and profitability. The top 10 listed oil and gas producers in the US have reported a combined net income of $313 billion in the first three years of President...

The potential re-imposition of U.S. sanctions on Venezuela’s oil and gas sectors could significantly impact the country’s oil revenue, energy investments, and domestic fuel supply, according to industry experts. What Happened: The U.S. has ordered a cessation of all business...

Oil prices fell on Wednesday after U.S. inventory data showed gasoline and distillate stocks grew strongly for a second week, while crude stocks also rose. In early afternoon trade, Nymex WTI, which had been more than 1% higher earlier, fell back to $72.30 a barrel to leave it flat on the day....

As the economy evolves in 2024, the materials sector might witness a turnaround, boosted by robust supply-demand dynamics. While the sector had a sluggish performance in 2023 amid recession concerns, it could see a positive shift this year. Fidelity, with a keen eye on areas displaying strong...

The International Energy Agency (IEA) has projected an enduring slowdown in oil demand until 2024, a viewpoint that starkly clashes with the optimistic forecasts of the Organization of the Petroleum Exporting Countries (OPEC). What Happened: As reported by CNBC on Thursday, the IEA perceives a...