War in Ukraine Drives New Surge of U.S. Oil Exports to Europe
MarketsCommoditiesOil MarketsWith the West mostly shunning Russia’s oil and gas, U.S. crude exports increase Source link
Crude Petroleum Extraction
Frackers Increase Spending but See Limited Gains
U.S. oil and gas producers raked in profits last year, but inflation and inventory cloud their 2023 prospects. Source link
The Offshore Oil Business Is Gushing Again
The $1.2 billion Deepwater Titan sat idle in a Singaporean shipyard for five years, looking like an abandoned cruise ship...
OPEC+ Keeps Oil Curbs Despite Russia Price Cap
WorldGroup led by Saudi Arabia and Russia also faces slowing demand in China Source link
WSJ News Exclusive | Exxon Mobil Has a Potash Problem in the Permian Basin
The Texas-based oil giant shares a chunk of New Mexico land with mining companies, which makes drilling there a challenge....
Frackers Say Oil Production Slowing in the Shale Patch
U.S. oil-and-gas companies offer little relief for tight global market. Source link
Shell, Awash With Cash, to Boost Dividend, Share Buybacks
LONDON— Shell SHEL 0.95% PLC said it plans to boost its dividend and buy back another $4 billion of its...
Fracking Pioneer Harold Hamm to Take Continental Resources Private
Harold Hamm, the billionaire fracking pioneer, agreed to buy the shares of Continental Resources Inc. CLR 8.68% not owned by...
OPEC+ Agrees to Biggest Oil Production Cut Since Start of Pandemic
VIENNA—The Organization of the Petroleum Exporting Countries and its Russia-led allies on Wednesday agreed to slash two million barrels a...
Private Drillers Are Hitting Their Limits
Dozens of small drillers helped fuel a resurgence in the busiest U.S. oil patch over the past two years. But...
How a CEO Rescued a Big Bet on Big Oil; ‘There Were a Lot of Doubters’
Occidental Petroleum Corp. OXY 1.75% entered the thick of the pandemic among the worst prepared of its U.S. oil-and-gas peers....
Shale Drillers Warn of Higher Costs as They Report Record Profits
Shale companies are reporting banner profits but are warning that inflation in the oil patch is leading them to increase...
Hilcorp, Exxon and Conoco Top Greenhouse Gas Emitters, Environmental Groups Say
Hilcorp Energy Co., Exxon Mobil Corp. , Conoco COP -4.96% Phillips and Occidental Petroleum Corp. OXY -3.13% are the U.S....
G-7 Bid to Cap Russian Oil Price Faces Hurdle of Global Enforcement
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Chevron CEO Sees Russian Oil Output Falling After Exit of Western Firms
Russia is still finding a home for much of its oil despite expanding sanctions, but its production likely will diminish...
Saudi Aramco Posts Record Quarterly Profit on Surging Oil Prices
DUBAI—Saudi Aramco posted a record quarterly profit on Sunday, as the oil giant benefits from surging oil prices following Russia’s...
Oil Prices Top $100, Yet Some Big U.S. Frackers Let Their Production Fall
Oil prices are at their highest in years and politicians want companies to pump more. But most large American frackers...
Biden Administration Resumes Oil Leases on Federal Land
WASHINGTON—The Biden administration announced lease sales for oil and gas drilling on federal land Friday, but said it would sharply...
Biden to Draw Down Oil Reserves in Bid to Ease Gas Prices
WASHINGTON—President Biden will tap up to 180 million barrels of government oil reserves to help tamp down near-record high fuel...
EU Support Grows for Russia Oil Ban Over Ukraine War
Support for a European Union-wide ban on the purchase of Russian oil is growing inside the bloc, according to diplomats...
