Occidental Petroleum (NYSE: OXY) and Energy Transfer (NYSE: ET) are both energy companies. Either one would give you exposure to the sector, but their businesses are dramatically different The geopolitical conflict in the Middle East has once again highlighted the w
Kuwait Oil forms $16B infrastructure partnership Blackstone, Brookfield, and KKR have formed a joint venture with Kuwait Oil Co. The arrangement includes a 20.5-year lease-and-lease-back agreement. The deal encompasses all of KOC's domestic and export pipeline netwo
Crude oil futures decline after China initiates US-Iran talks Crude oil futures fell, ending a five-day gain streak, as China attempted to resume stalled US-Iran peace talks. The talks reportedly took place during a visit by Iran's officials. This developme
Baker Hughes data shows a slight drop in rig count after 12 weeks of gains, signaling potential shifts in energy sector activity. The US oil and gas rig count fell by one to 587 in the latest weekly survey, marking the first decline after 12 increases in the past 13 weeks.
Saudi Arabia’s East-West Pipeline fails to fully offset risks as Red Sea shipping lanes face growing instability. Saudi Arabia’s reliance on the East-West Pipeline to bypass the Strait of Hormuz is facing new challenges as Red Sea shipping disruptions escalate. The pipelin
WTI crude oil futures settled at $89.31, down $2.88 or 3.12%, on the day. The decline occurred despite crude finishing the week up $7.51, or 9.17%. Brent crude also came under pressure, settling back below the $100 mark at $96.78, down $3.91 on the session
Higher energy prices and a strengthening El Niño could slow inflation declines by 0.3 percentage points next year. JPMorgan estimates a super El Niño event, combined with elevated energy prices from Middle East tensions, could add 0.3 percentage points to global headline i
The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 587, up 45 from this same time last year. The number of active oil rigs fell
Saudi Arabia, which at the start of the Iran war redirected virtually all crude exports through its East-West pipeline to Yanbu on the Red Sea, has seen crude exports from Yanbu crumble by 41% to about 2.39 million barrels per day (bpd) by June, from a peak of 4.07 million bpd...
Middle East tensions and Kazakhstan export halts support oil prices as institutional flows shift to high-conviction energy re-accumulation. Brent crude remains near $100, supported by renewed Middle East tensions, Red Sea and Strait of Hormuz disruptions, and Kazakhstan’s
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