ELAM: A pause for interest rates & crude oil
Russia and Saudis Rack up Billions from Bet on Oil Cuts
The Wall Street Journal
The million barrel per day cut engineered by Russia and Saudi...
THE ECONOMIST: Household debt
Household debt in the United States is at an all-time high – more than $17 trillion. Of that amount, the lion’s share, almost $12.4...
Basin rig count down five as prices finish up
The rig count in the Permian Basin was down five this week, the latest count Friday by Baker Hughes shows, with 312 rigs active...
DAILY OIL PRICE: September 29, 2023
Crude Oil: 90.79 (-0.92).
Nymex MTD AVG: 89.0890.
Natural Gas: 2.929 (-0.016).
Gasoline: 2.4399 (-0.0654).
Spreads: November/December (+1.99) December/January (+1.82).
Plains WTI Posting:...
Biden calls for up to three oil and gas lease sales in the Gulf...
By MATTHEW DALY and MATTHEW BROWN
The Associated Press
WASHINGTON President Joe Biden's administration on Friday proposed up to three oil and gas lease sales...
DAILY OIL PRICE: September 28, 2023
Crude Oil: 91.71 (-1.97).
Nymex MTD AVG: 88.9675.
Natural Gas: 2.945 (+0.046).
Gasoline: 2.5053 (-0.0933).
Spreads: November/December (+2.12) December/January (+1.84).
Plains WTI Posting:...
Railroad Commissioner accuses Biden Administration of ‘weaponizing’ Endangered Species Act to stop Texas oil...
AUSTIN Railroad Commissioner Wayne Christian sent a letter to Texas Governor Greg Abbott and Land Commissioner Dawn Buckingham voicing his opposition to the installation...
DAILY OIL PRICE: September 27, 2023
Crude Oil: 93.68 (+3.29).
Nymex MTD AVG: 88.8659.
Natural Gas: 2.764 (+0.108).
Gasoline: 2.5986 (+0.0364).
Spreads: November/December (+2.38) December/January (+2.00).
Plains WTI Posting:...
Biden vetoes two Republican-led bills to undo protections for the prairie bird and northern...
By MATTHEW DALY
The Associated Press
WASHINGTON President Joe Biden has vetoed Republican-sponsored bills intended to undo federal protections for two endangered species that have...
Experts say more LNG needed to power world
The Chevron Corp. and Odessa oilman Kirk Edwards say liquefied natural gas is an indispensable element in supplying the world’s long-term energy needs and...