USA Crude Oil Stocks Rise More Than 3MM Barrels WoW
Crude oil stocks, not including the SPR, stood at 422.4 million barrels on January 9, according to the EIA's latest weekly petroleum status report.
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Hamm to Halt Drilling in Bakken Shale
Harold Hamm said he's about to shut down drilling in North Dakota's Bakken for the first time in decades because of low crude prices.
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ENGIE, Ares Add 730 MW to Joint RE Portfolio in US
Los Angeles-based investor Ares and French utility ENGIE added one wind and two solar projects already operating in the ERCOT market to their renewable energy partnership in the U.S.
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EIA Sees Brent Price Dropping in 2026, 2027
The U.S. Energy Information Administration projected that the Brent spot average price will drop in 2026 and 2027 in its latest short term energy outlook.
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Mitsubishi to Acquire Haynesville Shale Assets for $5.2B
Mitsubishi announced a deal to acquire producing shale gas positions in Louisiana and Texas from operators related to Aethon Energy Management for $5.2 billion.
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ADNOC CEO Made Honorary Fellow of EI
'It's an honor and a privilege to be made an honorary fellow of the Energy Institute', Sultan Ahmed Al Jaber said.
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Port of Singapore Seeks More LNG Fuel Suppliers
Applicants must detail technical readiness to supply LNG with lower lifecycle planet-warming emissions.
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Russian Oil and Gas Revenue Falls to Lowest in 5 Years
The nation's budget received a total of around $108 billion in oil and gas taxes last year, the Finance Ministry said.
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Oil Falls Sharply as US Pauses Iran Action
Crude retreated as signs of reduced geopolitical risk outweighed recent bullish momentum and options-driven volatility.
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Hamm Says Oil Producers Need Guarantees to Work in VEN
Shale billionaire Harold Hamm said oil companies need guarantees that their assets won't someday be seized by Venezuela if they help revive the nation's crude production.