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02/05/2022

After experiencing a historic drop in demand during the early days of the COVID-19 pandemic, the U.S. oil market has rebounded strongly due to a worldwide recovery in demand that has outpaced initial expectations.

After experiencing a historic drop in demand during the early days of the COVID-19 pandemic, the U.S. oil market has rebounded strongly due to a worldwide recovery in demand that has outpaced initial expectations. West Texas Intermediate (WTI) and Brent crude oil prices reached $80+/bbl in late ...

02/04/2022

The U.S. physical crude market is pricing near its strongest level in more than a year, and could get even stronger, the latest sign of red-hot demand for barrels in the real world boosting headline prices.

The U.S. physical crude market is pricing near its strongest level in more than a year.

02/04/2022

Stay safe and warm out there!

02/03/2022

As 2021 came to a close, energy companies and organizations began looking at 2022 and started making plans based on supply and demand expectations.

As 2021 came to a close, energy companies and organizations began looking at 2022 and started making plans based on supply and demand expectations. Three organizations that provide market information are the Paris-based International Energy Agency (IEA), which represents countries that are net i ...

02/02/2022

The U.S. Department of Energy (DOE) revealed that it had approved seven additional exchanges of a total of 13.4 million barrels of crude oil for release from the Strategic Petroleum Reserve (SPR).

Exchange contracts were awarded to companies including Shell, Exxon and BP.

02/01/2022

Among all the school districts in Texas, Midland ISD received the most money from oil and mineral taxes…134.9 million dollars to be exact.

Among all the school districts in Texas, Midland ISD received the most money from oil and mineral taxes…134.9 million dollars to be exact.

02/01/2022

Hundreds gathered for the 2022 State of Oil & Gas Luncheon. The goal of the event was to inform those directly and indirectly impacted by the oil and gas industry about where it stands and where it will go from here.

"Laying out the importance of the Permian Basin, how critical it is to the nation's economy and the global economy."

01/31/2022

The US Environmental Protection Agency has given Lucid Energy the go-ahead to develop the largest carbon capture and storage project in the Permian Basin.

Revenue model still to be set due to uncertainty over expansions to 45Q tax credits

01/30/2022

The U.S. Energy Information Administration (EIA) raised its Brent spot average price forecast for 2022, its January short term energy outlook (STEO) has revealed.

The U.S. Energy Information Administration raised its Brent spot average price forecast.

01/30/2022

U.S. natural gas future prices skyrocketed 72% on Thursday on forecasts of colder weather. It was the sharpest one-day climb for the commodity since the contract launched in 1990, CME Group data confirmed.

U.S. natural gas futures saw its sharpest rise ever on Thursday afternoon, when prices surged 72% just before the expiry of the February contract

01/29/2022

Oil rose early on Wednesday to the highest level since 2014, with Brent approaching $90 a barrel, as resilient global demand despite the Omicron wave and fears of a Russian invasion of Ukraine supported prices.

Oil rose early on Wednesday to the highest level since 2014, with Brent approaching $90 a barrel as the Russia-Ukraine crisis continues

01/29/2022

An increasing number of earthquakes have led the Texas Railroad Commission, which regulates the oil industry, to close or rapidly reduce the capacity of scores of so-called settlement wells to protect nearby communities.

Frackers need to find a new home for wastewater as the state works to contain increased seismic activity, which costs drillers Most earthquakes so far