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Oil hit a two-month high as shrinking US stockpiles and strong markets outweighed concerns over China and 2025 oversupply.
As we enter the new year, U.S. natural gas prices have some short-term bearish sentiment, Art Hogan, Chief Market Strategist at B. Riley Wealth, told Rigzone.
All of Moldova's roughly 2 billion cubic meters of annual gas imported from Gazprom in the past two years were being delivered to Transnistria.
'Blasts of cold air are expected to trigger a surge in heating demand, leading to higher energy and utility bills', AccuWeather warned.
In recent years, the oil and gas industry has progressed from using digital technologies for select use cases to making their entire processes digital, GlobalData noted.
The move is certain to complicate President-elect Donald Trump's ambitions to drive more domestic energy production.
Oil surged to its highest since October, fueled by shrinking US crude stockpiles and bullish technical indicators, though analysts caution the rally may be short-lived.
GasBuddy recently published its 2025 Fuel Price Outlook.
'Crude oil futures could see better prospects as traders return from the holiday break', Terence Hove, Financial Markets Strategist Consultant to Exness, said in a market analysis sent to Rigzone.
A southern African bloc called for an immediate end to hostilities in Mozambique.
When Jenniffer Gonzalez takes over as Puerto Rico governor on Thursday she will have to navigate one of the biggest energy messes in the United States.
Oil prices rose in thin holiday trading to close out 2024, with WTI up 1% and Brent down 3% for the year, as the market balances Chinese economic recovery against looming oversupply concerns.
The Texas Railroad Commission announced that it has 'adopted a significant overhaul of rules regulating oil and gas waste management facilities in Texas'.
Oil closed near $71, supported by colder weather, rising natural gas prices, and technical buying, as traders assess 2025 supply risks and geopolitical tensions.
Rigzone talks to analysts about the U.S. natural gas price.
North America dropped 71 rigs week on week, according to Baker Hughes' final North America rotary rig count of 2024.
Hiring trends remain relatively better compared to pre-Covid levels, GlobalData said.
European natural gas prices hovered near the highest level this month.
The 24 year old very large crude carrier was sold to an Indian scrapyard last week, according to a BRS Shipbrokers report and scrap dealer Wirana Shipping Corporation.
Oil prices rose modestly in thin year-end trading, driven by supply concerns, Middle East tensions, and tight near-term market conditions, while investors weigh the outlook for 2025.
You can choose to embrace it or ignore it. You can choose to pretend it does not apply to you. But the one thing you likely will not be able to do is work as a pipeline inspector without it after 2018. What is it you ask? It is the American Petroleum Institute Pipeline Inspector Certification; better known as the API 1169. Possibly a thorn in the side for many inspectors but for the industry it is a sure step forward in the right direction; joining the other sectors of oil & gas.
Questions surround the API 1169 exam requirements, purpose, and what individuals need to do in order to properly prepare for the certification that will likely keep them employed in their careers. Training options have been multiplying as the popularity of the API 1169 has hit the mainstream. Inspectors should perform their research and due diligence to adequately make an informed choice when it comes to the training course they attend.