Oil Prices Fall, U.S. Fed Rate Decision in Focus
Oil prices have fallen ahead of a U.S. Federal Reserve meeting and amid concerns on Chinese demand and Russian supply.
Kremlin Again Points to 'Anglo-Saxons' Over Nord Stream Pipeline Blasts
The Nord Stream pipeline blasts occurred in the economic zones of Sweden and Denmark, and the Washington Post reported June 6 that the CIA knew a six-person Ukrainian special forces team intended to blow up the pipelines.
What's Affecting Oil Prices This Week? (June 5, 2023)
Crude prices were affected by a number of international issues, including the U.S. debt limit resolution, OPEC+ production cuts and China's weak domestic demand.
Saudi Arabia to Cut July Production, While OPEC+ Goes Lower for Longer
Saudi Arabia said it would voluntarily cut oil production by 1 MMbbl/d in July while other OPEC+ members extended their current, reduced production levels through the end of 2024.
Gen. Clark: Oil, Gas Industry Key to US Winning ‘Next Battle’
“Oil and gas production is U.S. national security–it’s that simple,” retired four-star Gen. Wesley Clark said during Hart Energy’s SUPER DUG conference.
US Shale’s Lost Its Swing, OPEC Needed to Fill Gap
Energy Aspect said OPEC is in the driver's seat as U.S. shale plays and the Gulf of Mexico, Permian Basin will see oil growth taper next year.
The OGInterview: Mewbourne Oil CEO Ken Waits [WATCH]
Hart Energy's Jordan Blum spoke to Mewbourne Oil CEO Ken Waits about the company's unique approach during the pandemic, how it's aiding in global oil and gas supply and the evolving world of energy education.
Russia Reports Hits on Oil Refineries and Town Near Ukraine
Moscow reports that Ukrainian shelling has killed five in eastern Ukraine.
Paisie: Global, Domestic Uncertainty Weigh on Oil Prices
“Without a supply shock, we do not expect oil prices will break through $100 this year,” says industry analyst John Paisie.
Oil Rises on U.S. Debt Deal, But Rate Hikes, OPEC+ Talks Curb Enthusiasm
Oil prices rose due to expectations the debt ceiling deal in the U.S. will spur more demand, but fears of rising interest rates and OPEC+ unchanging output quotas capped gains.