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energy and resources
Oil prices hit four-month lows on concerns about U.S., Chinese economies
Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China December 7, 2018. REUTERS/Stringer
energy and resources
UBS upbeat on oil despite recent slide as supply remains tight
FILE PHOTO: Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China December 7, 2018. REUTERS/Stringer
energy and resources
Oil prices up 1% after paring earlier gains on mixed Middle East reports
Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China December 7, 2018. REUTERS/Stringer
energy and resources
Oil falls more than $2 on easing Middle East fears
FILE - Pumpjacks operating at the Kern River Oil Field are seen in Bakersfield, Calif., on Jan. 16, 2015. The state of California has filed a lawsuit against some of the world's largest oil and gas companies, claiming they deceived the public about the risks of fossil fuels blamed for climate change-related storms and wildfires that caused billions of dollars in damage. (AP Photo/Jae C. Hong, File)
energy and resources
Will oil hit $100 a barrel? It already did in some markets
FILE - A pumpjack extracts crude at an oil field in Emlichheim, Germany, March 18, 2022. Wildfires, floods and soaring temperatures have made climate change real to many Americans. Yet a sizeable number continue to dismiss the scientific consensus that human activity is to blame. That's in part because of a decades-long campaign by fossil fuel companies to muddy the facts and promote fringe explanations. (AP Photo/Martin Meissner, File)
energy and resources
Oil up on record demand forecast, 7th straight weekly gain
FILE - In this April 24, 2015, file photo, pumpjacks work in a field in the Permian Basin near Lovington, N.M. Top officials with the largest Native American tribe in the United States are renewing a request for congressional leaders to hold a field hearing before deciding on federal legislation aimed at limiting oil and gas development around Chaco Culture National Historical Park. The Navajo Nation has struggled for years with high poverty rates and joblessness, and the tribe’s legislative leaders say individual Navajo allottees stand to lose an important source of income if a 10-mile buffer is created around the park. (AP Photo/Charlie Riedel, File)
energy and resources
Oil settles lower as U.S. rate hike fears subside, China demand weighs
FILE - In this April 24, 2015, file photo, pumpjacks work in a field in the Permian Basin near Lovington, N.M. Top officials with the largest Native American tribe in the United States are renewing a request for congressional leaders to hold a field hearing before deciding on federal legislation aimed at limiting oil and gas development around Chaco Culture National Historical Park. The Navajo Nation has struggled for years with high poverty rates and joblessness, and the tribe’s legislative leaders say individual Navajo allottees stand to lose an important source of income if a 10-mile buffer is created around the park. (AP Photo/Charlie Riedel, File)
energy and resources
Oil dips on stronger U.S. dollar, profit-taking signs after rally
An array of pumpjacks operate Thursday, July 7, 2022, in Odessa, Texas. (Eli Hartman/Odessa American via AP)
energy and resources
Oil prices to drift lower as slower growth offsets OPEC+ cuts, poll shows
FILE - A worker walks near pumpjacks operating at the Kern River Oil Field in Bakersfield, Calif., Jan. 16, 2015. The oil and gas industry’s emissions are a main cause of climate change and in the past the industry undermined sound evidence that carbon greenhouse gases warm the atmosphere. (AP Photo/Jae C. Hong, File)
energy and resources
Oil settles above April peak on tighter supply
A pumpjack pumps oil in the Inglewood Oil Field as seen from the Kenneth Hahn State Recreation Area on July 13, 2022 in Los Angeles, California. - US consumer price inflation surged 9.1 percent over the past 12 months to June, the fastest increase since November 1981, according to government data released on July 13. Driven by record-high gasoline prices, the consumer price index jumped 1.3 percent in June, the Labor Department reported. (Photo by Patrick T. FALLON / AFP) (Photo by PATRICK T. FALLON/AFP via Getty Images)
energy and resources
U.S. crude oil gains on supply cuts, focus shifts to holiday demand
FILE - A worker walks near pumpjacks operating at the Kern River Oil Field in Bakersfield, Calif., Jan. 16, 2015. The oil and gas industry’s emissions are a main cause of climate change and in the past the industry undermined sound evidence that carbon greenhouse gases warm the atmosphere. (AP Photo/Jae C. Hong, File)
energy and resources
Oil settles lower as economic jitters outweigh supply cuts
FILE PHOTO: A pump jack operates in front of a drilling rig at sunset in an oilfield in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford//File Photo
energy and resources
Oil prices settle down 4% on jitters ahead of US Fed meeting
An array of pumpjacks operate Thursday, July 7, 2022, in Odessa, Texas. (Eli Hartman/Odessa American via AP)
energy and resources
Saudi output cuts unlikely to lift oil prices to high $80s-low $90s, Citi says
LOS ANGELES, CALIFORNIA - NOVEMBER 23: Oil pumpjacks stand in the Inglewood Oil Field on November 23, 2021 in Los Angeles, California. President Biden announced a plan to release oil from the Strategic Petroleum Reserve in an effort to curb high gas prices. (Photo by Mario Tama/Getty Images)
industry news
Crude prices up more than 2 per cent on rising U.S. oil demand and lower output
FILE - Pumpjacks work in a field near Lovington, N.M., on April 24, 2015. Land managers in one of the top oil and gas producing states in the U.S. have plugged more than 200 inactive wells on state trust lands. New Mexico officials announced Wednesday, April 19, 2023, that the cleanup costs are being shouldered by the industry as part of the State Land Office's accountability and enforcement program. (AP Photo/Charlie Riedel, File)
energy and resources
Oil prices dip as demand woes outweigh OPEC+ surprise cuts
FILE - In this April 24, 2015, file photo, pumpjacks work in a field near Lovington, N.M. Drilling for oil in the Permian Basin of New Mexico and Texas has been expanding but industry representatives say ramping that up further won't be easy due to labor shortages and other problems. (AP Photo/Charlie Riedel, File)
lives lived
On summer nights, Brent Morriseau loved to light up the sky with fireworks for his family
Brent Arthur Morriseau
energy and resources
Oil prices settle down, post big weekly losses on bank fears
A flare burns off methane and other hydrocarbons as oil pumpjacks operate in the Permian Basin in Midland, Texas, Tuesday, Oct. 12, 2021. Massive amounts of methane are venting into the atmosphere from oil and gas operations across the Permian Basin, new aerial surveys show. The emission endanger U.S. targets for curbing climate change. (AP Photo/David Goldman)
energy and resources
Barclays cuts its 2023 oil price forecasts on resilient Russian output
FILE - A pumpjack of Wintershall DEA extract crude oil at an old oil field in Emlichheim, Germany, on March 18, 2022. Stocks are opening lower on Wall Street on Tuesday, May 31, 2022, and crude oil prices rose sharply after European leaders agreed to cut nearly all imports of oil from Russia over the next six months. ((AP Photo/Martin Meissner, File)
energy and resources
Physical oil market starts year with a rally on Chinese demand, Russian sanctions
FILE PHOTO: Pumpjacks are seen during sunset at the Daqing oil field in Heilongjiang province, China August 22, 2019. Picture taken August 22, 2019. REUTERS/Stringer/File Photo
energy and resources
Global oil market signals short-term weakness ahead of EU ban on Russian oil
FILE PHOTO: A view shows oil tanks at Volodarskaya LPDS production facility owned by Transneft oil pipeline operator in the village of Konstantinovo in the Moscow region, Russia June 8, 2022. REUTERS/Maxim Shemetov/File Photo
energy and resources
Oil prices seesaw, but Chinese demand concerns linger
LOS ANGELES, CALIFORNIA - JANUARY 28: Oil pumpjacks operate in the Inglewood Oil Field on January 28, 2022 in Los Angeles, California. The Los Angeles City Council voted to ban new oil and gas drilling as well as evaluating how to decommission existing wells in the city following years of complaints from residents. Thousands of Angelenos reside in close proximity to the more than 5,200 gas and oil wells in the city and many have complained about negative health consequences. (Photo by Mario Tama/Getty Images)
energy and resources
Oil prices rise 1% after release of tepid U.S. inflation data
FILE - In this April 24, 2015, photo, pumpjacks work in a field near Lovington, N.M. A pollution survey using sensors on small airplanes to detect methane emissions across a major U.S. oil and natural gas production zone points to greater releases of the potent climate-warning gas that previous estimated by other methods, according to results published Wednesday, March 23, 2022. (AP Photo/Charlie Riedel, File)
energy and resources
Oil prices rise in tight market as U.S. sets release of more reserves
FILE - Pumpjacks work in a field near Lovington, N.M. April 24, 2015. A United Nation-backed panel plans to release a highly anticipated scientific report on Monday, April 4, 2022, on international efforts to curb climate change before global temperatures reach dangerous levels. (AP Photo/Charlie Riedel, File)
energy and resources
Oil jumps 4% to 5-week high lifted by OPEC+ output cut
FILE - In this April 21, 2021, file photo the sun sets beyond a pumpjack near Goldsmith, Texas. Congressional Democrats have approved a measure reinstating rules aimed at limiting climate-warming greenhouse gas emissions from oil and gas drilling. The House gave final legislative approval Friday, June 25, to a resolution that would undo a Trump-era environmental rule that relaxed requirements of a 2016 Obama administration rule targeting methane emissions from oil and gas drilling. (Eli Hartman/Odessa American via AP, File)
energy and resources
Oil rises to 3-week highs as OPEC+ agrees to deep cuts, U.S. stockpiles fall
FILE - In this April 24, 2015, file photo, pumpjacks work in a field in the Permian Basin near Lovington, N.M. Top officials with the largest Native American tribe in the United States are renewing a request for congressional leaders to hold a field hearing before deciding on federal legislation aimed at limiting oil and gas development around Chaco Culture National Historical Park. The Navajo Nation has struggled for years with high poverty rates and joblessness, and the tribe’s legislative leaders say individual Navajo allottees stand to lose an important source of income if a 10-mile buffer is created around the park. (AP Photo/Charlie Riedel, File)
energy and resources
Oil falls but notches weekly gain as OPEC+ considers output cut
An array of pumpjacks operate Thursday, July 7, 2022, in Odessa, Texas. (Eli Hartman/Odessa American via AP)
energy and resources
Oil prices down, investors expect big Fed rate hike
FILE - In this April 21, 2021, file photo the sun sets beyond a pumpjack near Goldsmith, Texas. Congressional Democrats have approved a measure reinstating rules aimed at limiting climate-warming greenhouse gas emissions from oil and gas drilling. The House gave final legislative approval Friday, June 25, to a resolution that would undo a Trump-era environmental rule that relaxed requirements of a 2016 Obama administration rule targeting methane emissions from oil and gas drilling. (Eli Hartman/Odessa American via AP, File)
energy and resources
Oil prices up after Basra spill, but set for weekly decline
FILE - In this April 24, 2015, file photo, pumpjacks work in a field in the Permian Basin near Lovington, N.M. Top officials with the largest Native American tribe in the United States are renewing a request for congressional leaders to hold a field hearing before deciding on federal legislation aimed at limiting oil and gas development around Chaco Culture National Historical Park. The Navajo Nation has struggled for years with high poverty rates and joblessness, and the tribe’s legislative leaders say individual Navajo allottees stand to lose an important source of income if a 10-mile buffer is created around the park. (AP Photo/Charlie Riedel, File)
investment ideas
Oil prices turn more volatile as investors exit the market
A sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas on Nov. 22, 2019.
energy and resources
Oil falls 2% on expectations that U.S. Gulf supply disruption will ease
FILE - In this April 24, 2015, file photo, pumpjacks work in a field in the Permian Basin near Lovington, N.M. Top officials with the largest Native American tribe in the United States are renewing a request for congressional leaders to hold a field hearing before deciding on federal legislation aimed at limiting oil and gas development around Chaco Culture National Historical Park. The Navajo Nation has struggled for years with high poverty rates and joblessness, and the tribe’s legislative leaders say individual Navajo allottees stand to lose an important source of income if a 10-mile buffer is created around the park. (AP Photo/Charlie Riedel, File)
energy and resources
Oil rises on renewed gasoline demand, weak dollar
FILE PHOTO: The receiver station of the Druzhba oil pipeline between Hungary and Russia is seen at the Hungarian MOL Group's Danube Refinery in Szazhalombatta, Hungary, May 18, 2022. REUTERS/Bernadett Szabo/File Photo
energy and resources
Oil prices settle lower on Russian pipeline constraints, recession fear
FILE - In this April 24, 2015, file photo, pumpjacks work in a field in the Permian Basin near Lovington, N.M. Top officials with the largest Native American tribe in the United States are renewing a request for congressional leaders to hold a field hearing before deciding on federal legislation aimed at limiting oil and gas development around Chaco Culture National Historical Park. The Navajo Nation has struggled for years with high poverty rates and joblessness, and the tribe’s legislative leaders say individual Navajo allottees stand to lose an important source of income if a 10-mile buffer is created around the park. (AP Photo/Charlie Riedel, File)
energy and resources
Oil edges up on strong economic data but trade choppy
FILE - In this April 24, 2015, file photo, pumpjacks work in a field in the Permian Basin near Lovington, N.M. Top officials with the largest Native American tribe in the United States are renewing a request for congressional leaders to hold a field hearing before deciding on federal legislation aimed at limiting oil and gas development around Chaco Culture National Historical Park. The Navajo Nation has struggled for years with high poverty rates and joblessness, and the tribe’s legislative leaders say individual Navajo allottees stand to lose an important source of income if a 10-mile buffer is created around the park. (AP Photo/Charlie Riedel, File)
energy and resources
Oil prices hit lowest since Ukraine invasion amid recession fears
FILE - In this April 24, 2015, file photo, pumpjacks work in a field in the Permian Basin near Lovington, N.M. Top officials with the largest Native American tribe in the United States are renewing a request for congressional leaders to hold a field hearing before deciding on federal legislation aimed at limiting oil and gas development around Chaco Culture National Historical Park. The Navajo Nation has struggled for years with high poverty rates and joblessness, and the tribe’s legislative leaders say individual Navajo allottees stand to lose an important source of income if a 10-mile buffer is created around the park. (AP Photo/Charlie Riedel, File)
energy and resources
Oil rises for a second day on supply concerns
FILE - In this April 24, 2015, file photo, pumpjacks work in a field in the Permian Basin near Lovington, N.M. Top officials with the largest Native American tribe in the United States are renewing a request for congressional leaders to hold a field hearing before deciding on federal legislation aimed at limiting oil and gas development around Chaco Culture National Historical Park. The Navajo Nation has struggled for years with high poverty rates and joblessness, and the tribe’s legislative leaders say individual Navajo allottees stand to lose an important source of income if a 10-mile buffer is created around the park. (AP Photo/Charlie Riedel, File)