DAILY OIL PRICE: March 18, 2024

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Crude Oil: 82.72   (+1.68). Nymex MTD AVG: 79.5111. Natural Gas: 1.703   (+0.048). Gasoline: 2.7573   (+0.0365). Spreads: April/May   (+0.56)   May/June   (+0.55). Plains WTI Posting:...

Johnson, Pfluger call for energy independence

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Opening Energy Week in the U.S. House of Representatives in Washington, D.C., Speaker of the House Mike Johnson and Congressman August Pfluger said here...

ELAM: Crude oil new bull market

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The International Energy Agency now sees world demand at 13.2 million barrels per day, up from 13 MBD. — Wall Street Journal That does not sound...

THE ECONOMIST: Burned!

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Recent wildfires in the Texas panhandle have burned well over a million acres, causing tragic loss of life and devastating local communities. In addition,...

Basin rig count up three as prices climb

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The rig count in the Permian Basin was up three this week, the latest count Friday by Baker Hughes shows, with 316 rigs active...

DAILY OIL PRICE: March 15, 2024

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Crude Oil: 81.04   (-0.22). Nymex MTD AVG: 79.3224. Natural Gas: 1.655   (-0.086). Gasoline: 2.7208   (+0.0175). Spreads: April/May   (+0.46)   May/June   (+0.44). Plains WTI Posting:...

Across the US, batteries and green energies like wind and solar combine for major...

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By JENNIFER McDERMOTT The Associated Press In the Arizona desert, a Danish company is building a massive solar farm that includes batteries that charge when...

DAILY OIL PRICE: March 14, 2024

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Crude Oil: 81.26   (+1.54). Nymex MTD AVG: 78.9543. Natural Gas: 1.741   (+0.083). Gasoline: 2.7033   (+0.0481). Spreads: April/May   (+0.52)   May/June   (+0.55). Plains WTI Posting:...

Basin’s oil production record sure to fall

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The Permian Basin has been producing a record of around six million barrels of oil per day for the past year, but can it...

DAILY OIL PRICE: March 13, 2024

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Crude Oil: 79.72   (+2.16). Nymex MTD AVG: 78.7769. Natural Gas: 1.658   (-0.056). Gasoline: 2.6615   (+0.0751). Spreads: April/May   (+0.42)   May/June   (+0.46). Plains WTI Posting:...