Eagle Ford shale play has nearly exhausted its remaining oil and gas resources The Eagle Ford shale play has shown consistent crude oil production and rising natural gas output in recent years. A formation beneath the Eagle Ford has been producing for nearly a cent
Missouri-based carrier seeks refund of $11,016,644 in federal fuel excise taxes paid on refrigeration unit diesel from 2018-2021. Prime Inc has filed a lawsuit against the IRS seeking a refund of $11,016,644 in federal fuel excise taxes paid on diesel used to power refrige
ConocoPhillips and BP remain profitable below $40 oil, with cost cuts and resilient cash flow supporting shareholder returns amid a 14% and 11% monthly decline. ConocoPhillips and BP shares have fallen 14% and 11% over the past month as crude oil prices dip to around $70 a
US crude oil futures rise above $70 US crude oil futures climbed above $70 after the American military struck Iran. The strike was in response to Iran's attack on a cargo ship. The price increase is a potential sign of market volatility.
Crude oil futures fell 3.74% to $69.23 Crude oil futures settled at $69.23, down $2.69 from the previous day. The decline marks a 42.6% drop from the peak of $119.48. The current national average gasoline price is $3.90 per gallon, compared to $2.98 before the Ir
Baker Hughes data shows a 26-rig increase year-over-year as drilling activity accelerates amid stable energy prices. The US oil and gas rig count climbed to 573 this week, marking a 26-rig increase from the same period last year. Oil rigs rose by 7 to 440, while gas rigs a
Oil prices retreat after Middle East export flows stabilize, reducing fears of a supply disruption near $69.05 per barrel. West Texas Intermediate crude fell 3.25% to trade near $69.05, hitting a low of $68.48, its weakest level since late February. The decline follows rep
West Texas Intermediate falls to $69.01, erasing gains despite Hormuz disruption and lower China imports. West Texas Intermediate crude oil fell $2.91 to $69.01, breaking below key support levels despite geopolitical tensions in the Hormuz Strait. The decline extends a mon
TD Securities warns oversold Brent could rebound toward $100/bbl as Strait of Hormuz disruptions deplete inventories to historic lows. Brent crude prices, currently at $74/bbl, are oversold and vulnerable to a sharp rebound as disruptions in the Strait of Hormuz push inven
European officials are expected to visit Baghdad in the coming weeks for high-level talks on energy cooperation, just hours after Iraq warned it could leave OPEC unless the producer group grants the country a higher production quota. According to Iraqi sources cited by Sha
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