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Oil futures closed down with thin liquidity amplifying selling pressure amid expectations of a looming oversupply.
The European Union is closing in on a deal to phase out Russian fossil fuels.
Despite a bearish outlook, geopolitical risks from Russia to Venezuela helped lift WTI and Brent into positive territory.
In its latest short term energy outlook, the EIA lowered its U.S. total energy consumption forecast for 2025 and 2026 but still projected an increase in demand from this year to next year.
Harbour Energy Plc, one of the largest independent oil and gas firms in the UK, expects to cut another 100 jobs.
North America dropped 17 rigs week on week, according to Baker Hughes' latest North America rotary rig count.
Eight OPEC+ countries met virtually on November 30 'to review global market conditions and outlook', a statement posted on OPEC's site highlighted.
Prime Minister Mark Carney lost a cabinet minister over his oil pipeline agreement with Alberta.
Ukraine's security service claimed strikes on two ocean-going tankers sanctioned for carrying Russian oil.
Pions, previously named eDrilling, announced that it was 'taking another big step on the path toward Artificial Engineering Intelligence (AEI)'.
Trading of futures and options on the Chicago Mercantile Exchange was halted by a data-center fault.
'Throughout history, from the Manhattan Project to the Apollo mission, our nation's brightest minds and industries have answered the call when their nation needed them', U.S. Energy Secretary Chris Wr...
The IEA described U.S. data center electricity demand as the closest proxy available for the energy consumption of artificial intelligence.
'This is not over. We will keep pressing for change', OEUK Chief Executive David Whitehouse said.
The eye-popping amounts Big Tech is shelling out on artificial intelligence resembles shale's golden age of spending before a price crash wiped out $2.6 trillion in equity, Carlyle Group Inc.'s Jeff C...
Oil crept higher alongside global equities, bouncing off a one-month low.
BlackRock Inc. aims to rapidly grow its investments in Saudi Arabia and the wider Middle East in the next few years.
Rystad Energy's Head of Geopolitical Analysis, Jorge Leon, warned that 'volatility is far from over' for energy markets.
Crude settled sharply lower as signs of Ukraine-Russia peace progress raised expectations for continued Russian supply.
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.