Oil & Gas Industry News
Welcome to the Energy News Page. Here you can find links to the latest news from reputable sources in the oil and gas industry.
Trafigura, Gunvor Weigh Trump Wildcard Against Oil Glut in 2025
Rigzone
Fri, 20 Dec 2024 21:00:01 GMT
Two of the world's biggest oil traders are expecting the market to be oversupplied next year - but both agree that Donald Trump might just change everything.
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Oil Slips Amid Fed Signals and Trump Tariff Threats
Rigzone
Fri, 20 Dec 2024 20:37:13 GMT
Crude posted weekly losses as slower Fed rate cuts and Trump's EU tariff threats weighed on markets, while muted inflation data tempered the selloff.
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EIA Expects USA Energy Consumption to Rise
Rigzone
Fri, 20 Dec 2024 15:43:02 GMT
Total U.S. energy consumption will come in at 23.86 qBtu in the fourth quarter of this year, according to the EIA.
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Trump Threatens Tariffs If EU Doesn't Buy More USA Oil and Gas
Rigzone
Fri, 20 Dec 2024 14:00:00 GMT
The U.S. is the world's largest producer of crude oil and the biggest exporter of liquefied natural gas.
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Oil on Track to Average $80 in 2024, JP Morgan Highlights
Rigzone
Fri, 20 Dec 2024 11:56:43 GMT
J.P. Morgan analysts highlighted that Brent crude oil 'is on track to average $80 per barrel in 2024', which they pointed out is $3 below their projections from last June.
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Oil Sector Lobbies Trump to Spare It from Tariffs and Regulation
Rigzone
Thu, 19 Dec 2024 21:00:00 GMT
Proposals are spread across 42 pages of memos to 10 agencies the American Petroleum Institute is presenting to Trump's transition team.
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Oil Settles Below $70 on Stronger Dollar
Rigzone
Thu, 19 Dec 2024 20:44:27 GMT
Oil dropped below $70 as a surging dollar and weaker Chinese demand outlook weighed on prices, with looming oversupply keeping traders cautious.
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USA Natural Gas Is Catching a Bid Today
Rigzone
Thu, 19 Dec 2024 16:20:08 GMT
U.S. natural gas is catching a bid today with two drivers, Art Hogan, Chief Market Strategist at B. Riley Wealth, told Rigzone in an exclusive interview.
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Oil Market Becoming Less Bearish, Macquarie Strategists Say
Rigzone
Thu, 19 Dec 2024 08:58:06 GMT
'If prices don't break below $70 by 2Q25, the bear thesis will need to be revisited', Macquarie strategists said.
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Baltic, Nordic States Intensify Crackdown against Russia's ‘Shadow Fleet'
Rigzone
Thu, 19 Dec 2024 08:23:56 GMT
The UK, Denmark, Sweden, Poland, Finland and Estonia will require 'suspected shadow vessels' to show proof of insurance.
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