[ad_1] It has been a hellish week for energy investors. Exxon Mobil just gave them a reason to smile. [ad_2] Source link
Tag: oil extraction
WSJ News Exclusive | Exxon Mobil Closing In on Megadeal With Shale Driller Pioneer
[ad_1] A deal could be sealed as soon as in the coming days, though it is still possible there won’t be one, people familiar with the matter said. [ad_2] Source…
Oil is Near $100. Shale Isn’t Coming to the Rescue.
[ad_1] Frackers are constrained by investor payouts, inflation and interest rates, keeping spending in check. [ad_2] Source link
Saudi Arabia and Russia Win Big in Gamble on Oil Cuts
[ad_1] Brent crude is climbing toward $100 a barrel after the two OPEC+ nations made a risky choice to slice their production. [ad_2] Source link
$100 Oil Needs Western Drills to Stay Quiet
[ad_1] Saudi Arabia and Russia are reliant on high oil prices to fund infrastructure projects and the Ukraine war. U.S. and European oil companies are helping them with low investments.…
The Race to Drill America’s Longest Oil and Gas Wells
[ad_1] With the shale boom’s end in sight, some companies are trying to impress Wall Street by eking out growth—and drilling ever deeper. [ad_2] Source link
IEA Raises Oil Supply Forecasts as U.S. Producers Counter OPEC+ Cuts
[ad_1] The IEA said it expects oil supplies to rise by 1.5 million barrels a day next year but moderated its demand expectations, pointing to a more balanced oil market…
U.S. Crude-Oil Inventories Rise Sharply as Domestic Production Soars
[ad_1] Oil stockpiles climbed by 5.9 million barrels last week to 445.6 million barrels, compared with predictions that supplies would rise by 1.3 million barrels from the prior week. [ad_2]…
Cheaper Natural-Gas Prices in Store This Summer
[ad_1] The fuel’s price has rallied but is much lower than a year ago. [ad_2] Source link